Cryptocurrencies fell sharply on Monday as US President Donald Trump’s threat to impose new tariffs on eight European countries rattled risk assets and boosted demand for safe-haven assets. The downturn came as US equity-index futures also slipped, while gold and silver surged to record levels.
Bitcoin slid 3.6% to below $92,000, while other major tokens also saw a sharp decline. Ether, the second-largest digital asset, dropped 4.9%, and Solana fell 8.6% as traders moved to reduce exposure amid global market uncertainty.
Cryptocurrencies slid on Monday as President Donald Trump threatened new tariffs on eight European countries, rattling risk assets and boosting demand for safe-haven assets. Bitcoin fell 3.6% to below $92,000, Ether declined 4.9%, and Solana dropped 8.6% as traders pared exposure amid global uncertainty. The move came as US equity-index futures slipped while gold and silver surged to record levels, underscoring a broad risk-off shift across financial markets. The development underscores how tariff headlines can quickly ripple through crypto markets, prompting reassessment of exposure as policy signals continue to shape investor sentiment.
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