Pre-market trading occurs before the regular market session opens to select participants, such as funds or institutional investors. These hours can be more volatile due to less liquidity.

Crypto markets took a hit Monday after President Donald Trump levied tariffs on imports from Canada, Mexico, and China over the weekend, and threatened to impose taxes on the European Union.

Stock markets across Asia and Europe dropped while the U.S. dollar edged higher with crypto majors such as XRP and ether (ETH) losing 25% amid a rush of capital from risk assets.