As concerns around President Donald Trump’s tariff plans weighed on cryptocurrencies this week, ether experienced a sharper selloff than bitcoin, extending its underperformance, despite some traders’ hope that it could make a turnaround.

“A tidal wave of fear, uncertainty and doubt (FUD) has been unleashed across the cryptocurrency market after U.S. president Donald Trump’s Friday tariff announcement,” Petr Kozyakov, chief executive crypto payment platform Mercuryo, said in emailed comments.

Fears of a global trade war are rattling cryptocurrency markets Monday morning after President Trump initiated tariffs on US trading partners.