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Cryptos See Red as New Trump Tariffs on China Trigger Liquidations

October began with strong momentum for Bitcoin and the broader crypto market, but the excitement surrounding what traders call “Uptober” came to a sudden stop on Friday following U.S. President Donald Trump’s latest comments about new trade tariffs on China. His announcement rattled investors, leading to sharp sell-offs across digital assets and traditional markets alike.

As markets digest the escalating trade tensions, both traditional and digital assets remain under pressure, leaving investors uncertain about whether the “Uptober” momentum can regain its footing this year. Companies like Bit Mining Ltd. (NYSE: BTCM) will be hoping that the market regains its…

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