The tariffs are expected to take effect on billions of dollars worth of goods imported by the US from Canada and threaten to rattle global trade.
Crypto traders responded to tariffs announced over the weekend by US President Donald Trump by slashing positions in a range of tokens.
Ether, the second-largest digital asset by market value, fell as much as 26.53% to US$2,135 ($2,922.71) on Monday morning in Asia before paring losses, according to data compiled by Bloomberg. It was the token’s largest intra-day decline in percentage terms since May 2021.
