Bitcoin is set for a nearly 5% decline in October, marking its first monthly loss since 2018. The largest cryptocurrency has struggled amid market jitters and muted risk appetite. A record liquidation occurred after Trump announced tariffs on Chinese imports. Despite a recent drop, bitcoin is still up more than 16% this year. Investors are cautious due to uncertainty in global monetary policy and concerns about high equity valuations. Trump’s embrace of digital assets has benefited cryptocurrencies, leading to specialized regulations. The market remains uncertain as participants navigate these challenges.

Read more at Yahoo Finance: Bitcoin breaks October streak with first monthly loss since 2018