Cryptocurrency prices took a hit from the prospect of a trade war between the US and its major trading partners, with some well-known digital assets seeing values fall more than 10%.
Bitcoin fell below $100,000 after US President Donald Trump announced plans Saturday to start putting large tariffs on goods from Canada, Mexico and China.
The world's most popular cryptocurrency fell to about $92,000 Sunday night before rebounding to around $99,000 by Monday morning after Trump announced a pause on the tariffs on Mexican goods.
Ethereum, dogecoin, and other popular cryptocurrencies saw significant price drops some more than 10% -- since Trump's weekend tariff announcement. Trump's own meme coin, which he launched just before taking office, also saw a huge drop.
Those are riskier cryptos than bitcoin, said Garrick Hileman, an independent cryptocurrency analyst. But it's a little surprising how big the gap is.
The sell-off was part of a worldwide drop in financial markets on the eve o