Cryptocurrencies
Ether Falls as Much as 26.5% in Asia Trading After Trump Tariffs
- The second-ranked token fell steeply on Monday morning in Asia
- Smaller tokens and Bitcoin also plunged as investors cut risk
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Ether suffered its steepest loss in nearly four years on Monday as investors slashed risk after tariffs announced over the weekend by Donald Trump.
The second-largest digital asset sank as much as 26.53% to $2,135 on Monday morning in Asia, its largest intra-day decline in percentage terms since May 19, 2021, before paring losses, according to data compiled by Bloomberg. The tariffs also weighed on other cryptocurrencies, with Bitcoin at one point down nearly 6%.