Cryptos See Red as New Trump Tariffs on China Trigger Liquidations

October began withย strong momentum for Bitcoinย and the broader crypto market, but the excitement surrounding what traders call โ€œUptoberโ€ came to a sudden stop on Friday following U.S. President Donald Trumpโ€™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 โ€œUptoberโ€ momentum can regain its footing this year. Companies likeย Bit Mining Ltd. (NYSE: BTCM)ย will be hoping that the market regains itsโ€ฆ

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