Cryptocurrency prices took a hit from the prospect of a trade war between the U.S. and its major trading partners, with some well-known digital assets and President Donald Trump's own meme coin taking big hits.

“A tidal wave of fear, uncertainty and doubt (FUD) has been unleashed across the cryptocurrency market after U.S. president Donald Trump’s Friday tariff announcement,” Petr Kozyakov, chief executive crypto payment platform Mercuryo, said in emailed comments.

Ticker: Court restores protections for endangered right whales; Trump’s tariff threat sends crypto prices falling

World Liberty Financial, the decentralized-finance project linked to Donald Trump’s family, appears to have added tens of million of dollars worth of the Ether cryptocurrency after crypto markets crashed during the weekend as the US president briefly imposed tariffs on Mexico and Canada.

Liquidations of highly leveraged crypto positions may have amplified the sell-off over the weekend and into Monday, crypto sources told BI