Crypto prices extended losses Sunday evening, trading lower alongside U.S. stock futures as investors reacted to escalating trade tensions and renewed inflation concerns ahead of a busy week for financial markets.
Bitcoin has slipped to $82,100 while Ethereum has dipped to about $1,790. XRP ($1.88), meanwhile, has fallen to $2.13, according to CoinGecko data.
The drop follows weeks of volatility in equities, with major tech stocks retreating sharply and broader sentiment weakening.
Futures tied to the S&P 500 and Nasdaq-100 dropped roughly 0.7% to 0.8%, while Dow futures lost 0.55% in early trading.
The declines come ahead of the April 2 rollout of reciprocal tariffs announced by President Donald Trump, which Barclays says could affect as many as 25 countries.
Sectors likely to be most affected include automobiles, pharmaceuticals, and semiconductors.
The tariff package is part of a broader effort by the Trump administration to generate $600 billion in annual revenue through a new collection mechanism referred to as the “External Revenue Service.”
Auto-related tariffs a...
24h Most Popular
Utilities