Crypto prices extended losses Sunday evening, trading lower alongside U.S. stock futures as investors reacted to escalating trade tensions and renewed inflation concerns ahead of a busy week for financial markets.

Bitcoin has slipped to $82,100 while Ethereum has dipped to about $1,790. XRP, meanwhile, has fallen to $2.13, according to CoinGecko data.

The drop follows weeks of volatility in equities, with major tech stocks retreating sharply and broader sentiment weakening.

Futures tied to the S&P 500 and Nasdaq-100 dropped roughly 0.7% to 0.8%, while Dow futures lost 0.55% in early trading. 

The declines come ahead of the April 2 rollout of reciprocal tariffs announced by President Donald Trump, which Barclays says could affect as many as 25 countries. 

Sectors likely to be most affected include automobiles, pharmaceuticals, and semiconductors.

The tariff package is part of a broader effort by the Trump administration to generate $600 billion in annual revenue through a new collection mechanism referred to as the “External Revenue Service.” 

Auto-related tariffs alone are expected to impact more than $275 billion in imports annually.

As a result, U.S. consumer sentiment has deteriorated sharply.

The Kobeissi Letter, a financial publication, reported Sunday that sentiment has fallen by roughly 20 points in the past month to a reading of 57, the lowest level recorded outside of a formal recession. 

“An economic slowdown has clearly begun,” the report said.

Analysts expect inflation pressures to accelerate across most sectors of the U.S. economy.

Data from the prior Trump-era trade conflict showed a 4% rise in PCE prices among tariff-affected categories, while prices in non-affected sectors declined 2%, according to The Kobeissi Letter.

The pullback in crypto reflects broader caution among investors, particularly as large institutional capital continues to rotate out of risk-heavy positions. 

Meanwhile, the so-called “Magnificent 7” stocks have lost more than $3 trillion in market capitalization in recent weeks. 

Retail participation remains active, but volatility has increased across both traditional and digital markets.

While some investors view Bitcoin as a potential inflation hedge, short-term correlations with equities suggest crypto remains tied to broader macroeconomic sentiment.

Bitcoin is making its way from trading desks to corporate treasuries, and by the end of the decade, it could be standard practice, according to one analyst.

“Across all the different strategies and implementations, I anticipate that by 2030, a quarter of the S&P 500 will have BTC somewhere on their balance sheets as a long-term asset,” Elliot Chun, a partner at Architect Partners, wrote in a market snapshot.

The strategy—holding bitcoin as a treasury reserve asset—was unorthodox when Strategy, formerly known as MicroStrategy, first adopted it in August 2020. The firm framed BTC as a hedge against inflation, a diversification tool, and a way to distinguish itself in the market.

Then CEO Michael Saylor’s highly public embrace of bitcoin transformed the company into a de facto proxy for BTC exposure. Since then, MicroStrategy stock has surged more than 2,000%, far outpacing both the S&P 500 and bitcoin over the same period, Chun pointed out.

GameStop is the latest company to follow suit, announcing this week that it would raise $1.3 billion through a convertible note to acquire bitcoin. Its stock initially surged following the announcement but has since endured a correction, falling nearly 15% for the week.

Chun argued that treasurers may soon face career risk not for buying bitcoin, but for ignoring it altogether. “Doing nothing is no longer a defensible strategy,” he wrote.

According to BitcoinTreasuries data, publicly listed companies currently hold 665,618 BTC, around 3.17% of the cryptocurrency’s total supply. Strategy holds the lion’s share, 506,137 BTC.

Read more: U.S. Listed Firms Continue Bitcoin (BTC) Treasury Adoption

Cryptocurrencies will likely be volatile this week once President Donald Trump’s reciprocal tariffs go into effect and the U.S. publishes nonfarm payroll data. 

The week started on a dull note, with most coins remaining in a bear market. At last check, Bitcoin (BTC) had dropped to $82,432.00.

The crypto fear and greed index has slumped to the fear zone 25. Some of the top cryptocurrencies to watch this week are Solana, Polkadot, and Cronos.

Solana

Solana (SOL), the popular layer-1 network, will be in the spotlight this week since its price is hovering above the key support level at $119.5. As shown above, it has failed to drop below this level several times since April last year, a sign that bears have been afraid of shorting below it. 

Therefore, a drop below $119.5 will confirm a bearish breakdown and point to further downside. Besides, the Solana price formed a death cross pattern on March 3 as the 50-day and 200-day moving averages crossed each other.

A drop below $119.6 indicates a further drop to $100. 

Cronos

Cronos, formerly Crypto.com, will be one of the top cryptocurrencies to watch this week because of its strong performance last week. It jumped by 30% in the last seven days, and by 54% from its lowest point this year. 

Cronos price has bounced back after Crypto.com partnered with Donald Trump’s Trump Media to launch ETFs. It also rose after the community voted to allow the creation of another 70 billion CRO tokens, which will be used to create a Strategic Crypto Reserve. 

The community also voted to burn 50 million CRO tokens. The daily chart shows that the Cronos price rebounded after hitting the crucial support level at $0.0715, where it failed to drop below in August and November last year.

A breakout above this month’s high of $0.1197 will point to further gains, potentially to the 50% retracement level at $0.133.

Polkadot

Polkadot (DOT) will be a top crypto to watch because its price is at a crucial support level. DOT was trading at $4.08, a few points above the key support point at $3.60.

This support is crucial since it failed to drop below it several times since 2022. 

Polkadot price has also formed a falling wedge pattern, with the two lines nearing their confluence level. This price action points toward a strong bullish breakout in most periods, which may happen this week. Such a move would see DOT price jump to $12.