Bitcoin Nears $81K; XRP, ADA Slide as Traders Brace For Tariff War Ahead

2 months ago

Bitcoin traders conscionable implicit $81,500 successful Asian greeting hours Monday arsenic a play descent saw large tokens suffer momentum connected past week’s little rally.

XRP and Cardano’s ADA led losses among majors with a 5% driblet successful the past 24 hours, with Solana’s SOL, dogecoin (DOGE) and ether (ETH) down betwixt 2-3%. Stock markets opened little Monday, their 4th consecutive time of decline, arsenic investors astir the globe brace for President Donald Trump's upcoming announcement of caller tariffs, acceptable to beryllium revealed connected April 2, amid increasing fears of a planetary commercialized war's economical fallout.

Futures for U.S. and European banal indexes besides fell. In contrast, safe-haven assets similar golden reached an all-time high, and U.S. Treasury yields dropped owed to accrued demand.

Globally, portfolio managers are adopting cautious strategies, either reducing hazard oregon avoiding ample investments, unsettled by the impending "reciprocal tariffs" and their imaginable economical toll.

View source