“A tidal wave of fear, uncertainty and doubt (FUD) has been unleashed across the cryptocurrency market after U.S. president Donald Trump’s Friday tariff announcement,” Petr Kozyakov, chief executive crypto payment platform Mercuryo, said in emailed comments.

Fears of a global trade war sparked a sell-off of major cryptocurrencies on Monday, impacting mainstream and meme coins alike. Cryptocurrency investors are waking up to a bloodbath this morning. As of the time of this writing,

Cryptocurrency prices slid on Monday as the risk of a trade war spooked investors and caused a selloff across financial markets.