The global cryptocurrency market extended its losses on Monday, with total capitalisation sliding 3.8 per cent over the past 24 hours to $2.31 trillion, as investors trimmed exposure to risk assets amid renewed uncertainty over US trade policy.

Bitcoin was trading at $65,132.16, down 4 per cent, hovering precariously around $65,000 mark. Ethereum, the second-largest digital asset by market value, fell 5.2 per cent to $1,867.23.

The retreat in crypto prices followed fresh volatility in global markets after US officials said on Sunday that trade agreements…