A slump in cryptocurrencies weighed heavily on some of the more speculative digital assets late Sunday in the US, a sign investors will slash risk when markets open Monday following new tariffs imposed by Donald Trump.

Trump's new tariffs prompted crypto investors to cut risk, causing Ether to plunge 26% and Bitcoin to fall sharply below $100,000.

Prices of cryptocurrencies including Bitcoin and Ethereum plunged on Monday after US President Donald Trump announced tariffs on Canadian, Mexican and Chinese imports, as investors offloaded risky assets.

Crypto traders responded to tariffs announced over the weekend by US president Donald Trump by slashing positions in a range of tokens.

US tariffs imposed by President Trump have led to a significant downturn in the cryptocurrency market, with Bitcoin dropping 5% and Ether crashing over 26%. Smaller tokens also experienced declines, as investors reacted to the new trade measures against China,