Crypto Market Under Pressure Amid Tariff Uncertainty

The crypto market has been under pressure in recent days due to the ongoing tariff uncertainty in the US. The drastic shifts in policy have led to increased volatility, especially among high-risk assets such as cryptocurrencies. As a result, investors are reducing their exposure to these assets through Exchange-Traded Funds (ETFs), leading to significant outflows.

The situation has had a significant impact on Bitcoin, which is trading below its moving averages and appears to be targeting the $60,000 support level. Ethereum is also experiencing selling pressure, with prices extending towards an intraday low of $1,811. XRP is hovering at $1,33 amid near-term bearish bias.

The market volatility has led to a decline in investor interest in US-listed Ethereum spot ETFs, resulting in outflows totaling nearly $50 million on Monday. Bitcoin ETF flows have also been affected, with approximately $204 million in outflows reported on the same day. XRP ETFs, however, remained silent on Monday.