The fall of cryptocurrency at the beginning of the week shows how President Trump has increased uncertainty in the crypto sphere. His moves have created several heart-stopping scenarios. Going by the current state, Trump’s presidency had seen all top digital assets go down sharply, contrary to when he won elections in November when all digital assets rallied.
US Ether exchange-traded funds (ETFs) experienced record trading volumes on Monday. Leveraged positions in the digital asset fell sharply as most investors offset their holdings due to tariff tensions under President Trump.
The group of nine ETFs saw a $1.5 billion trading volume, with BlackRock’s iShares Ethereum Trust nearly capturing half of the market activity. Ethereum, the second largest crypto by market value, dropped by almost 27% to trade at $2,135 on Monday. The drop set off liquidations totaling more than $600 million in perpetual futures markets.
