Bitcoin (BTC) traders saw a drop to just over $81,500 in Asian morning hours on Monday following a weekend slide that saw major tokens lose momentum after a brief rally last week.
XRP and Cardano’s ADA experienced the biggest losses among majors with a 5% drop in the past 24 hours, while Solana’s SOL, dogecoin (DOGE), and ether (ETH) were down between 2-3%. The CoinDesk 20, which measures the performance of the largest digital assets, is down 2.6%.
(CoinDesk 20 Index)
According to SoSoValue, weekly inflows to the BTC ETF finished last week at $196 million, while ETH ETFs had a net outflow of just over $8 million.
Stock markets opened lower on Monday, marking their fourth consecutive day of decline, as investors prepare for President Donald Trump’s announcement of new tariffs on April 2. This has sparked fears of a global trade war’s economic impact.
In the morning session, Hong Kong’s Hang Seng index was down 1.7%, the Nikkei 225 was down 3.8%, and Korea’s KOPSI index was in the red by 3% as export-heavy economies express concerns about market access to the U.S.
Futures for U.S. and European stock indexes also fell. However, safe-haven assets like gold reached all-time highs, and U.S. Treasury yields dropped due to increased demand.
Globally, portfolio managers are adopting cautious strategies, reducing risk or avoiding large investments due to the impending “reciprocal tariffs” and their potential economic impact.
Elsewhere in crypto, data from Tokenomist.ai shows that $751.2 million in unlocks are scheduled for this week, including SUI and DYDX, putting the weekly unlock cycle in the middle of the pack. Unlocks are set to increase in May when roughly $4.4 billion in tokens will be unlocked at current market prices.
