Cryptocurrency prices plunged as global trade tensions rattled investors, prompting them to flee risky assets. Bitcoin slid over 4% early Monday in Asia, hitting a three-week low near $96,606, while Ethereum tumbled 12%, reaching levels last seen in early November.
The selloff followed U.S. President Donald Trump's decision to impose 25% tariffs on imports from Mexico and Canada and 10% on Chinese goods, set to take effect Tuesday. Cryptocurrencies, which trade 24/7, reacted sharply as investors grew wary of economic uncertainty.
Markets fear tariffs could weaken global growth and corporate earnings, triggering a broader shift away from risk assets. “Crypto is the only market open on weekends, making it a go-to risk proxy,” said Chris Weston, head of research at Pepperstone.
Additionally, downward pressure on digital assets comes after a post-election rally fueled by optimism over Trump’s potential crypto-friendly policies. However, the lack of immediate regulatory reforms has left some investors disappointed.
As uncertainty looms, crypto markets remain highly volatile, mirroring broader investor sentiment amid global trade concerns.


Sony, TSMC Eye $6.3 Billion Japan Chip Venture for Next-Gen Image Sensors
Airbus Joins Air India A320 Altitude Drop Probe
FxWirePro- Major Crypto levels and bias summary
Berkshire Hathaway Cash Falls as Abel Boosts Stock Buybacks
AMP Shares Surge 13% After Strong Profit and A$150 Million Buyback
Austal Shares Surge 16% as Hanwha Offers Up to $1.2 Billion for U.S. Shipbuilding Business
Natura Q2 Profit Plunges 92% as Financial Expenses Weigh on Earnings
FxWirePro- Major Crypto levels and bias summary
Bitcoin Reclaims $65,000 as Easing Geopolitical Tensions Fuel Risk-On Rally
Alibaba Plans Revenue-Sharing Model for Qwen3.8-Max AI Commercial Users
Delta Flight Makes Emergency Landing in Atlanta After Cockpit Fumes Reported 



