October has historically been a strong month for cryptocurrencies, often referred to as "Uptober," and this year, BNB appears to be a significant beneficiary, despite facing headwinds from increased scrutiny of the Binance exchange. While Bitcoin and other major altcoins have also seen gains, BNB's performance has been particularly noteworthy.
Several factors contributed to BNB's positive trajectory in October 2025. On October 7, 2025, BNB achieved another all-time high as the Uptober rally continued, reflecting robust market demand and bullish sentiment. Technical indicators, such as the Moving Average Convergence Divergence (MACD) and momentum, pointed toward continued upward price movement. Furthermore, all major moving averages trended upward, suggesting a supportive environment for the rally to continue.
Adding to the bullish momentum, back-to-back listings on Robinhood and Coinbase in late October further propelled BNB's price. The Coinbase listing was particularly significant, as Binance and Coinbase are typically considered friendly rivals within the crypto industry. These listings increased accessibility and exposure to BNB, attracting new investors and driving up demand. As of October 23, 2025, BNB had climbed closer to $1,200, with indicators suggesting it could climb higher. If the trend remains unchanged, BNB's price might breach the resistance at $1,211, potentially reaching around $1,377, representing a new all-time high.
However, BNB's "Uptober" success occurred against a backdrop of increased scrutiny of Binance following a significant market crash on October 10, 2025. The crash, triggered by President Trump's announcement of 100% tariffs on Chinese imports, resulted in nearly $19 billion in trading positions being wiped out. Bitcoin dropped from approximately $122,000 to below $110,000 in hours, and other cryptocurrencies experienced even more significant declines.
The crash exposed vulnerabilities in how exchanges handle extreme market stress. Specifically, the use of liquid staking tokens as collateral proved risky when liquidity dried up during the panic selling. Binance's internal pricing system, which relied on its own order book rather than checking prices across multiple exchanges, also created problems.
Following the crash, Binance launched a $400 million support program to help users recover from the liquidation event. The exchange also addressed allegations of market manipulation and technical errors during the crash. Binance released an official statement regarding "market maker disclosure" allegations, stating that an independent third-party trader made the allegations and was not an official market maker. The trader's investment firm terminated its relationship with the external trading team and withdrew its compensation claim against Binance.
Despite the scrutiny surrounding the market crash, BNB has demonstrated resilience and strong performance throughout October. The combination of positive market sentiment, new exchange listings, and the inherent utility of BNB within the Binance ecosystem has contributed to its "Uptober" success. As of October 22, 2025, the Uptober thesis was still intact, with the total crypto market cap having passed $3.7 trillion. One analyst has set a new BNB price prediction target of over $2,000.
