Crypto Markets See Double-Digit Crash, Asian Markets Soar as Trump Delays Tariff Hike

Monday, Feb. 25: cryptocurrencies are today seeing a blood-red market rout, with virtually all of the top 20 coins posting losses of between 7 and 17 percent, as data from Coin360 shows.

Top cryptocurrency Bitcoin is down a round 8 percent on the day and is trading around $3,836 to press time, according to CoinMarketCap data.

Ethereum has seen an even more severe downturn, shedding 14.6 percent on the day to trade at roughly $140 to press time.

Third-largest crypto asset Ripple has seen 9.4 percent in losses on the day and is trading around $0.305 at press time.

The market downturn has brought XRP's 7-day losses to 2.2 percent.

Fifth-largest crypto Litecoin, sixth-largest Bitcoin Cash and eighth-largest coin Stellar are all seeing heavy double-digit losses - at 13.6 percent, 14.6 percent and 10.8 percent respectively.

Among the top 20 coins, Ethereum Classic, Cardano and IOTA - ranked 18th, 11th and 14th largest respectively - are down 14.4, 12.4 and 11.9 percent each.

Native crypto exchange token Binance Coin, ranked 10th, is seeing the mildest 24-hour losses among all the top twenty cryptos, trading down by around 7 percent on the day.

For mainland China, the Shanghai composite is up a strong 5.6 percent, with the Shenzhen composite up 5.2 percent - both at multi-month highs.

Hong Kong's Hang Seng index is up 0.5 percent, with Japan's Nikkei 225 index up 0.5 percent.