On Monday, the price of Bitcoin remained near $97,110, as the world’s largest cryptocurrency continued to struggle to surpass the key $100,000 psychological threshold. In the U.S., President Donald Trump’s announcement of a looming 25% tariff on steel and aluminum left Bitcoin traders on unsure footing.

The uncertainty was mirrored by the Cryptocurrency Fear and Greed Index, which plummeted to 35 on Monday, signaling heightened investor apprehension in the market.

“Trump’s tariffs create uncertainty in global trade, which can trigger risk-off behavior among investors,” said James Toledano, Chief Operating Officer at Unity Wallet. “This leads to short-term sell-offs in both equities and crypto, as traders seek to reduce exposure to volatile assets.”

“We may see increased market sensitivity and more volatility to his economic policies,” Toledano added. “This reflects a maturing crypto market that is more interconnected with traditional finance, reacting to macro events similarly to equities.“

Bitcoin’s current price is also encountering a key resistance level. “Bitcoin is trading near $97,500, once again running into resistance in the form of the 50-day moving average,” added Alex Kuptsikevich, FxPro chief market analyst. “It is obvious that the bears are controlling the market, but it is still impossible to find the capitulation point of the buyers.”

However, despite Bitcoin's price struggles, investments to global crypto products witnessed $1.3 billion in net inflows last week, according to the latest CoinShares report . Last week, Ether exchange-traded products saw 95% more inflows than their equivalent Bitcoin products. "Ethereum stole the show this week, with the price falling recently close to $2,100, leading to significant buying-on-weakness with inflows of $793 million, outpacing Bitcoin for the first time this year," CoinShares said.

Meanwhile, Ether is currently trading at $2,664, according to CoinGecko, while Solana is currently valued at around $203.