Cryptocurrencies came under renewed pressure as broader risk assets slipped and haven demand strengthened, following fresh tariff proposals from US President Donald Trump targeting eight European countries. Bitcoin (BTC-USD) fell as much as 3.6% to below $92,000 during Asian trading on Monday, before trimming losses to trade around 2.5% lower by 6 a.m. in New York. Selling pressure was heavier across other major tokens, with Ether down 4.9% and Solana sliding 8.6%. The move erased roughly $100 billion from the total cryptocurrency market value, according to CoinGecko, mirroring a drop in US equity-index futures as gold and silver climbed to record highs.

The market reaction followed Trump’s weekend comments that the US would impose a 10%…