Bitcoin (BTC) traded at just over $80,00 during Asian morning hours

Bitcoin (BTC) traded at just over $80,00 during Asian morning hours on Monday as the weekend slide saw major tokens lose momentum

Bitcoin (BTC) 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, while Solana’s SOL, dogecoin (DOGE) and ether (ETH) fell between 2%-3%.

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 prepared for President Donald Trump to announce new tariffs, which are expected to be unveiled on Wednesday.

Hong Kong's Hang Seng index was trading down 1.7% in the morning session, while Japan's Nikkei 225 fell 3.8%, and Korea's KOPSI index was lower by 3% as export-heavy economies are concerned about market access to the U.S. Futures for U.S. and European stock indexes were also in the red.

Conversely, safe-haven assets like gold hit a record high, and yields on U.S. Treasury bonds decreased as demand for the bonds increased.

Globally, portfolio managers are adopting cautious strategies, either reducing risk or avoiding substantial investments, amid uncertainty surrounding the upcoming "reciprocal tariffs" and their potential impact on the economy.

Elsewhere in crypto, data from Tokenomist.ai reveals that $751.2 million in unlocks are anticipated this week, including SUI and DYDX, placing the weekly unlock cycle in the middle range. Unlocks are expected to rise in May, with approximately $4.4 billion (at current market prices) in tokens set to be unlocked.