Cryptocurrency prices fell on Monday. Bitcoin hit a three-week low, while ether fell to its lowest level since early September. The specter of a global trade war has forced investors to abandon risky assets.

Axar.az reports that Bitcoin, the world's largest and most popular cryptocurrency, fell to $94,476.18 in Asia on Monday morning. This is close to a three-week low of $91,441.89. The value of ether, which is below it, fell by 24 percent. This cryptocurrency last fell in early September.

It should be noted that over the weekend, US President Donald Trump imposed 25 percent tariffs on Mexico and Canada and 10 percent on China.

Canada and Mexico, the US's largest trading partners, promised to take immediate retaliatory measures. China has said it will challenge Trump's tariff decision at the World Trade Organization.

The cryptocurrency market, which is active every day, including weekends, has been sensitive to recent developments. Investors are concerned that the tariffs will negatively affect economic growth and corporate profits, and even lead to inflation.