MAJOR U-TURN IN CRYPTO MARKETS SENDS BITCOIN BACK BELOW $87K

Summary from the TLDR Crypto newsletter

President Trump's Sunday announcement of a US crypto reserve initially boosted prices, but by Monday, Bitcoin fell to $86,700, nearly erasing all gains, while ETH dropped below its pre-announcement level and the ETH/BTC ratio hit a five-year low of 0.025. The stock market declined ahead of tariffs on Mexico, Canada, and China, amplifying uncertainty across risk assets and suggesting a cautious near-term outlook for crypto.