XRP, the popular altcoin used to facilitate transactions on Ripple’s payment platform, fell 4.9% to $2.31—far off a high of $3.4 in mid-January. There are several reasons why crypto is losing steam. Volumes are low and market sentiment is taking a hit as Trump’s hasn’t yet lived up to promise to create a strategic reserve of Bitcoin.

Liquidations of highly leveraged crypto positions may have amplified the sell-off over the weekend and into Monday, crypto sources told BI

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

Fears of a global trade war sparked a sell-off of major cryptocurrencies on Monday, impacting mainstream and meme coins alike. Cryptocurrency investors are waking up to a bloodbath this morning. As of the time of this writing,

Bitcoin, XRP, and other cryptocurrencies were among the assets tumbling on Monday. Investors in the digital currencies can blame President Donald Trump for their losses. Bitcoin fell 3.3% to $94,507 in early trading,