The uncertainty plaguing markets could weigh on the largest cryptocurrency, with investors likely to pivot away from riskier assets.

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

Bitcoin and Ether tumbled in early trading on Monday following President Trump’s announcement of import tariffs. Bitcoin by 2% to nearly $95,000 Monday while ether plunged 12% to nearly $2,600. Shares of crypto-exposed companies Coinbase and MicroStrategy fell around 5% in premarket trading.

Bitcoin was struggling for direction Tuesday as investors weighed up how President Donald Trump’s trade policies will affect cryptocurrency prices. The world’s largest token climbed when Trump paused plans for 25% tariffs on goods from Mexico and Canada,