Cryptocurrencies expanded a sale on Monday as risk assets, including stocks that became the tank in the early US hours.

After a jump to about $ 84,000 earlier in the day, perhaps bent by the strategy fundraising plan of $ 21 billion, Bitcoin (BTC) slipped below $ 80,000, 3.8% over 24 hours. Ethereum Blockchains ether (ETH) slid briefly under $ 2,000 to shop near its weakest price since November 2023, down about 4%.

The Broad Market Coindesk 20 index fell 5%, with Solana’s Sun, Cardanos Ada and Aptos’ Apt, Avalanche’s Avax and nearly losing between 7%and 10%.

The ugly action in crypto markets came when they already occupied American stock indices opened the week sharply lower and weighed on the mood. Nasdaq tumbled over 3% in the early hours of the session, while the S&P 500 dropped 2%.

Crypto shares also felt the heat. Strategy (Mstr), the largest company’s BTC holder and Crypto Exchange Coinbase (Coin) lost more than 10%.

With the Digital Active Meeting in the White House and President Donald Trump’s Bitcoin Reserve Executive Order already behind us, crypto markets have run out of positive catalysts in the short term and are increasingly weighed by concern over a customs war and a slower economy.

The economy is in a “transition” phase, Trump said in an interview with Fox News on Sunday and refused to exclude a recession this year.

“Until Crypto finds a new narrative, we are likely to see an increased connection between BTC and shares in the short term,” said Hedge Fund QCP in a telegram broadcast. “Both risk assets are currently traded near their recent low, and with duty risks still threatening, volatility could interrogate on their way into the most important American macro data releases.”