XRP Leads Crypto Rally; Bitcoin Nears $115K Amid Investor Worries Over Trump’s Tariffs

Crypto Stabilizes After ETF Outflows and Tariff Shock; XRP, DOGE Lead Recovery

Bitcoin and ether steadied on Monday after a turbulent weekend triggered by significant ETF outflows and growing macroeconomic uncertainty tied to President Trump’s fresh tariffs.

BTC dropped to near $114,000 on Friday amid nearly $1 billion in net outflows from U.S.-listed bitcoin ETFs over just two sessions. Ether followed with $152 million in withdrawals, halting a month-long inflow streak and weighing on the broader altcoin rally.

The downturn coincided with renewed global risk aversion after Trump introduced new trade tariffs targeting Asia and Europe. Combined with signals from the Federal Reserve that it isn’t yet prepared to cut interest rates, the developments rattled risk markets.

“The dip was driven by concerns over Trump’s tariff stance and the Fed’s signal that it’s not keen to cut rates soon,” said Jeff Mei, COO at BTSE. “But opportunistic buyers are already stepping in before U.S. markets open, indicating the fear may be overdone.”

Bitcoin hovered around $114,500 in early Asia trading, with ether holding above $3,550—both maintaining technical support despite recent pressure.

Retail-focused tokens showed relative strength. XRP and Dogecoin gained as much as 5%, while Cardano (ADA), Solana (SOL), and Binance Coin (BNB) rose more than 3%.

Augustine Fan, Head of Insights at SignalPlus, noted that institutional participation may be cushioning volatility. “The presence of professional desks has deepened liquidity. In the pre-ETF era, this sell-off would’ve likely been far messier,” Fan said.

Still, ETF buyers remain on the sidelines. BTC remains below the critical $118,000 resistance, and ETH must sustain above $3,500 to avoid triggering further downside momentum.

Elsewhere, global markets showed signs of stabilization. U.S. equity futures rose 0.4% following a weak jobs report that increased expectations of a Federal Reserve pivot. The MSCI Asia Pacific Index reversed early losses, and Hong Kong tech stocks snapped a seven-day losing streak. Treasury yields edged higher, with the 10-year sitting at 4.24%.

Oil prices slipped slightly as OPEC+ wrapped up a production hike cycle, while the dollar softened modestly.