Bitcoin and Ethereum reverse gains after strong start to 2025

With markets now firmly in the home straight for the run into year-end, the crypto sector remains in a daze following its October meltdown.

After being one of the best-performing assets during the first nine months of 2025, with Bitcoin up over 35% at its October peak of $126,272, it is now down 5.25% year-to-date (YTD) at its current price of $88,480. Ethereum has suffered a similar fall from grace. At its current price of $3005, it is down 9.80% YTD, a stark contrast to being up almost 50% in August.

The overhang from this correction has left the outlook for Bitcoin and Ethereum uncertain, a sentiment perhaps best illustrated by the conflicting views offered recently by…