Bitcoin and cryptocurrency prices traded higher Monday, continuing the climb triggered this weekend by comments from President Donald Trump honing the administration's tariffs strategy.
Bitcoin on Monday afternoon traded above $88,500, up from its late Friday level around $84,000. Ethereum rose to $2,090 by Monday afternoon from around $1,960 on Friday evening.
Meanwhile, Trump on Friday modified his stance on tariffs, saying "there'll be flexibility" on the so-called reciprocal tariffs that he's expected to impose on April 2. The Trump administration may exclude some countries from the upcoming reciprocal tariffs, while also not imposing new, separate sector-specific tariffs on automobiles, pharmaceuticals and semiconductors, according to multiple reports.
However, Trump's current tariff pause on many Canadian and Mexican goods also expires on April 2. Even if Trump follows through with a more muted tariff position, April 2 will still see U.S. duties on foreign goods jump substantially again.
Earlier last week, Federal Reserve Chair Jerome Powell said the base case for the Trump tariffs is that they will have a "transitory" effect, and raise inflation this year, but not in the long term. Powell also penciled in a half-percentage-point cut in rates later this year.
Digital Asset Flows
Elsewhere, digital asset investment products last week saw their first inflows, ending a five-week outflow streak. CoinShares data shows that digital assets received $644 million in inflows last week.
Bitcoin led the reversal with $724 million in inflows, after outflows totaled $5.4 billion over the five weeks prior. But not all cryptocurrencies benefited. Ethereum saw outflows of $86 million during the week. Short-bitcoin investment products saw a third consecutive week of outflows totaling $7.1 million. Solana recorded $6.4 million in inflows on the week.
The iShares ETFs led the group last week with $464 million in inflows, but still saw $131 million in outflows so far this month.
The Fidelity bitcoin ETF received $136 million in inflows, paring its outflows for the month to $372 million. Out flows in total digital assets were $1.08 billion through March 21.
Bitcoin, Crypto Price Action
The iShares Bitcoin Trust ETF and other spot bitcoin ETFs surged around 5% Monday. Shares of the ETFs have declined about 5.4% in 2025.
Coinbase stock jumped 6.9% Monday as crypto prices climbed. COIN stock is down 18% this year.
Strategy, formerly known as MicroStrategy, surged 10.4% Monday, bringing its gains for the year to almost 16%.
Strategy's Michael Saylor on Monday announced the company acquired another 6,911 bitcoin for around $584 million, or about $84,529 per bitcoin. As of Sunday, Strategy holds 506,137 bitcoin with an average purchase price of $66,608 per bitcoin.
Bitcoin miner Mara Holdings gained 18% on the day. Bitdeer rose 16.4%. Rivals Iren and Riot Platforms advanced about 7.6% and 9.7%, respectively.
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