Ethereum and Solana prices collapsed Monday morning as President Trump’s sweeping new tariffs sparked a global market selloff and pushed crypto liquidations past $1.4 billion.

At press time the Ethereum price has shed 16.4%, dribbling down to $1,485 after briefly touching its lowest price since October 2023 during Asian trading hours.

Meanwhile, the Solana price has plummeted 15.4% on the day, dipping as low as $96.70, before gaining ground to $101 at the time of writing, while Cardano’s price dropped by 15.2% to $0.5412.

The broad-based crypto market sell-off intensified in lockstep with futures markets, with S&P 500 contracts plunging 5.98% and Nasdaq futures dropping 6.2% by Sunday night, over a whirlwind weekend that saw equities…