Crypto Markets Begin Week Steady After Sharp Weekend Sell-Off
The cryptocurrency market opened the week on relatively stable footing after a volatile weekend selloff. Both Bitcoin (BTC) and Ether (ETH) showed signs of recovery, finding support following heavy losses triggered by the largest spot ETF outflows in months.
Between Thursday and Friday, Bitcoin ETFs saw nearly $1 billion in investor outflows, pushing BTC prices down to approximately $114,000. Meanwhile, Ether experienced $152 million in redemptions on Friday, ending nearly a month-long streak of daily inflows.
These sharp declines coincided with geopolitical developments, notably former President Donald Trump’s announcement of new tariffs targeting imports from both Asia and Europe, which sent jitters through global financial markets and impacted risk-on assets, including cryptocurrencies.
Trump’s Tariffs Cast a Shadow Over Risk Markets
The newly announced trade measures have created renewed uncertainty for investors, particularly in sectors sensitive to global economic conditions. The broader concern is that escalating tariffs could reignite inflationary pressures while also slowing international trade, posing a dual threat to both traditional and digital markets.