Bitcoin was leading a fall in cryptocurrencies as investors turn cautious amid uncertainty over U.S. President Donald Trump's policies and ahead of a busy week on the economic calendar.
Trump on Sunday threatened a 25% tariff on goods imported from Colombia. This was ultimately resolved but "highlights how focused Trump is on using tariffs as a geopolitical threat in his second term as president," XTB's Kathleen Brooks said in a note.
Markets are also bracing for big tech earnings this week, the Federal Reserve's policy decision Wednesday, the European Central Bank's decision Thursday, U.S. economic growth data Thursday and U.S. personal consumption expenditures prices Friday.