Bitcoin did experience a significant drop in mid-October 2025, with its performance notably diverging from traditional safe-haven assets like gold.
Confirming the Mid-October Downturn
Data from Yahoo Finance confirms that Bitcoin’s price did slide to a low of $103,736.40 on October 17, 2025. This aligns with your report of a drop to around $104,500 and marks the lowest level in multiple weeks. By the close of October 17th, the price had recovered slightly to $105,715.72, but was still down over 5% for the day. This downturn occurred even as the broader regulatory environment in the U.S. appeared to be warming, with Congress passing the first major national crypto legislation, the GENIUS Act, which establishes a regulatory framework for stablecoins.
The Gold and Bitcoin Divergence
A key theme highlighted by analysts during this period was Bitcoin’s contrasting performance with gold. As you noted, gold surged powerfully to break above $4,000 per ounce, setting new record highs. Bitcoin, however, remained under pressure, with its performance in October described as “muted” in comparison. This divergence led to discussions in the market about Bitcoin’s short-term role as a hedge, with some analysts from firms like Lekker Capital and 21Shares expressing belief that Bitcoin was poised to “catch up to gold” and potentially rally strongly in the near future.
Analyst Outlook and Catalysts
Despite the dip, the prevailing analyst sentiment cited in the reports was one of resilience and optimism for a recovery. The fact that Bitcoin was “holding in the $111,000 area” just prior to this drop was itself seen as a sign of strength amid geopolitical and economic uncertainty. The expectation of a more dovish policy outlook from the U.S. Federal Reserve was noted as a key factor providing a floor for the price and a potential catalyst for future gains. One analyst from 21Shares projected that Bitcoin could climb to $150,000 before the end of the year.
In summary, the market data and analysis from mid-October 2025 confirm the price drop you described and frame it within a context of a shifting macro landscape and positive long-term expectations from industry analysts.
