Bitcoin Slumps Below $81,500 As Weekend Slide Hits Major Cryptocurrencies

• Bitcoin trades below $81,500 as weekend momentum fades, with major altcoins seeing significant losses.
• Global stock markets face fourth consecutive day of decline amid fears of Trump’s upcoming tariff announcement.
• Safe-haven assets strengthen as investors adopt cautious strategies in response to trade war concerns. Bitcoin retreated to just above $81,500 during Monday’s Asian trading session, surrendering gains from last week’s brief rally as cryptocurrency markets cooled. The broader digital asset sector showed weakness across major tokens, with the CoinDesk 20 index dropping 2.6% as investors repositioned.

XRP and Cardano‘s ADA emerged as the biggest losers among major cryptocurrencies, both declining approximately 5% over the past 24 hours. Other significant altcoins weren’t spared, with Solana’s SOL, Dogecoin (DOGE), and ether (ETH) recording losses between 2-3% during the same period.

This cryptocurrency pullback coincides with broader market uncertainty, as global stock indices opened lower Monday, extending their decline to a fourth consecutive day. Investors worldwide are positioning defensively ahead of President Donald Trump‘s anticipated announcement of new tariffs scheduled for April 2, with growing concerns about potential economic damage from trade tensions.

Asian markets bore the brunt of the selling pressure, with Hong Kong‘s Hang Seng declining 1.7% during morning trading. More dramatic drops were seen in Japan‘s Nikkei 225, which fell 3.8%, and Korea‘s KOPSI index, which retreated 3%. These export-dependent economies appear particularly vulnerable to changes in U.S. trade policy.

Market weakness extended beyond Asia, with futures for both U.S. and European equities indicating further declines. In a classic flight to safety, traditional safe-haven assets gained ground, with Gold reaching an all-time high while U.S. Treasury yields declined as investors sought security.

The market tension has prompted portfolio managers globally to adopt more conservative approaches. Many are either reducing risk exposure or avoiding substantial new investments altogether, unsettled by the potential economic implications of the forthcoming “reciprocal tariffs” announcement.

This cautious sentiment appears to be spilling over into cryptocurrency markets, which have frequently shown correlation with traditional risk assets during periods of macroeconomic uncertainty.

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