What to know:
- Bitcoin’s value fell to just over $81,500 during Asian morning hours, with major tokens like XRP, ADA, and SOL also facing declines.
- Stock markets have lowered for four consecutive days amidst global anticipation of President Trump’s upcoming tariff announcement set for April 2.
- Defensive assets such as gold hit all-time highs while U.S. Treasury yields decreased due to rising demand, as portfolio managers adopt cautious strategies in light of potential economic impacts from the tariffs.
Bitcoin (BTC) was trading at just above $81,500 on Monday morning, following a weekend dip that saw other major tokens lose momentum after a brief rally last week. Major losses were led by XRP and ADA, down 5% in the past 24 hours, while SOL, DOGE, and ETH saw declines of 2-3%.
The CoinDesk 20, a measure of the largest digital assets, recorded a decrease of 2.6%.
Last week, Bitcoin ETFs saw inflows amounting to $196 million, while ether ETFs reported a net outflow of over $8 million.
On Monday, global equity markets suffered as concerns mounted about the announced tariffs, with Hong Kong’s Hang Seng index down 1.7%, Nikkei 225 down 3.8%, and Korea’s KOSPI down 3%. Futures for both U.S. and European indices also fell.
In a global context, portfolio managers are maintaining cautious strategies, steering away from large investments in light of potential economic consequences from the anticipated tariffs. Meanwhile, data from Tokenomist.ai indicates that approximately $751.2 million in unlocks are scheduled this week, which includes tokens like SUI and DYDX, with larger unlock cycles expected in May, totaling roughly $4.4 billion at present market prices.
