Gold and Silver Soar as Bitcoin’s “Uptober” Turns into a Crash

Bitcoin’s October crash has reversed its usual positive trend, falling from 126,000 to near 100,000 dollars amid growing global credit concerns. President Trump’s 100 percent tariffs on China added to market jitters. Meanwhile, gold surged past 4,200 dollars an ounce and silver topped 52 dollars as investors sought safe havens. Central to this cautious mood is a deepening private credit crisis that threatens to impact crypto markets through liquidity strains and shadow banking risks. This evolving credit tension adds another layer of uncertainty, further driving capital toward tangible assets in 2025.