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Bitcoin Nears $81K; XRP, ADA Slide as Traders Brace for Tariff War Escalation
Stock markets opened lower for the fourth consecutive day due to global anticipation of President Donald Trump's upcoming announcement of new tariffs, set to be revealed on April 2.
Updated Mar 31, 2025, 5:56 a.m. Published Mar 31, 2025, 4:51 a.m.
What to know:
- Bitcoin value dropped to just over $81,500 in Asian morning hours Monday, with major tokens like XRP, Cardano’s ADA, Solana’s SOL, dogecoin (DOGE), and ether (ETH) also experiencing losses.
- Stock markets opened lower for the fourth consecutive day due to global anticipation of President Donald Trump's upcoming announcement of new tariffs, set to be revealed on April 2.
- Safe-haven assets like gold reached an all-time high, and U.S. Treasury yields dropped due to increased demand, as portfolio managers globally adopt cautious strategies in light of potential economic fallout from the impending tariffs.
Bitcoin traded at just over $81,500 during Asian morning hours on Monday as the weekend slide saw major tokens lose momentum after last week’s brief rally.
XRP and Cardano’s ADA led losses among majors with a 5% drop in the past 24 hours, with Solana’s SOL, and ether down between 2%-3%.
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The CoinDesk 20, a measure of the performance of the largest digital assets, is down 2.6%
Bitcoin ETFs saw weekly inflows of $196 million last week, according to SoSoValue, while ether ETFs witnessed net outflows of just over $8 million.
On Monday, global stock markets opened lower for the fourth consecutive day as investors braced themselves for President Donald Trump's upcoming announcement of new tariffs, set to be revealed on Wednesday.
Hong Kong's Hang Seng index was down 1.7% in the morning session, while the Nikkei 225 was down 3.8%, and Korea's KOPSI index in the red by 3% as export-heavy economies worry about market access to the U.S.
Futures for U.S. and European stock indexes also fell. In contrast, safe-haven assets like gold reached an all-time high, and U.S. Treasury yields dropped due to increased demand.
Globally, portfolio managers are adopting cautious strategies, either reducing risk or avoiding large investments, unsettled by the impending "reciprocal tariffs" and their potential economic toll.
Elsewhere in crypto, data from Tokenomist.ai shows that $751.2 million in unlocks are scheduled this week, including SUI and DYDX, putting the weekly unlock cycle in the middle of the pack. Unlocks are scheduled to pick up in May, when roughly $4.4 billion (at current market prices) in tokens will be unlocked.
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What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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Crypto Market Today: Bitcoin-gold ratio drops to lowest since January 2024
Bitcoin rose since midnight UTC, while remaining locked in the $86,000-$90,000 range. Against gold, however, it's still falling.
What to know:
- Bitcoin's price remains volatile, trading between $86,000 and $90,000, while its ratio to gold hit a low not seen since January 2024.
- Funding rates for several major tokens have turned negative, indicating a buildup of short positions in the futures market.
- Yearn Finance's YFI token dropped nearly 6% after the yield aggregator suffered a $300,000 exploit from a legacy smart contract, its second attack this month.
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