Bitcoin (BTC) traded at just over $81,500 during the Asian morning hours on Monday, following a weekend decline that saw major cryptocurrencies lose steam after last week’s brief surge.
XRP and Cardano’s ADA experienced the most significant losses among major players, both dropping by 5% in the last 24 hours. Meanwhile, Solana’s SOL, dogecoin (DOGE), and ether (ETH) fell between 2-3%.
The CoinDesk 20, which tracks the performance of leading digital assets, has declined by 2.6%.
Last week’s inflows to the BTC ETF totaled $196 million, as reported by SoSoValue.
Meanwhile, stock markets opened lower on Monday, marking their fourth consecutive day of declines. Investors worldwide are on edge as they await President Donald Trump’s imminent announcement regarding new tariffs, set to be disclosed on April 2, amidst escalating concerns over the potential economic consequences of a global trade war.
In the morning session, Hong Kong’s Hang Seng index fell by 1.7%, while Japan’s Nikkei 225 dropped by 3.8%, and Korea’s KOPSI index slid by 3%, as export-driven economies fret over their market access to the U.S.
Futures for both U.S. and European stock indexes also declined. In contrast, safe-haven assets such as gold reached unprecedented heights, and U.S. Treasury yields decreased due to heightened demand.
Across the globe, portfolio managers are taking a cautious approach, reducing their risk exposure or steering clear of substantial investments, disturbed by the looming “reciprocal tariffs” and their potential economic impact.