This was primarily caused due to US President Donald Trump imposing a volley of strict tariffs on several nations at once. The market reacted, and other popular altcoins — including the likes of Ethereum (ETH),

Bitcoin fell below $100,000 after U.S. 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.

Bitcoin passed the $100,000 mark for the first time just last December. Could this be the year crypto goes mainstream?

U.S. stocks are volatile after President Trump imposed tariffs on Canada, Mexico and China over the weekend. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.

President Donald Trump’s tariffs on major trading partners, including China, Canada, and Mexico, wipes $2.26 billion from the crypto market. Nick Forster, Founder of Derive.xyz, told FXStreet that recent tariffs imposed are likely to increase inflation, which could dampen investor sentiment in crypto markets.

Liquidations of highly leveraged crypto positions may have amplified the sell-off over the weekend and into Monday, crypto sources told BI

President Donald Trump has begun a new trade war with Canada, Mexico, and potentially China, and this has had a significant ripple effect on the broader financial landscape, including the cryptocurrency market.