The total cryptocurrency market cap dropped 3.5% to $3.4 trillion on Monday, starting the week in red as United States President Donald Trump renewed geopolitical tensions ahead of his Wednesday tariff deadline.

Both Bitcoin (BTC) and Ethereum (ETH) are down about 0.6% on the day and are currently trading at $108,000 and $2,540, respectively. Meanwhile, Solana (SOL) held steady at $151, while XRP bucked the trend, growing 3% to $2.34, according to CoinGecko data. Last week, Ripple Labs — the original core contributor to XRP — revealed that is has applied for a national bank charter in the U.S., which could be behind the asset's rally.

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