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. According to CoinGlass data, over $1 billion worth of crypto was wiped out within the following 24 hours as the market tumbled in step with U.S. stocks. The sudden decline followed Trump’s morning remarks announcing plans for heavy new tariffs on Chinese imports, which triggered…





