Bitcoin Falls to $110,000 in October 2025 as Network Activity Declines

Bitcoin fell from approximately $118,000 to near $110,000 by October 31, 2025, breaking typical seasonal patterns. Network activity declined sharply, with active addresses dropping 26.1% to 872,000 and transaction fees falling from $8.44 to $0.56, data show. November has historically delivered a median return of 8.81% for BTC since 2013, with potential upside factors including easing trade tensions and increased probability of a December Federal Reserve rate cut.