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 this year.

World Liberty Financial, the decentralized-finance project linked to Donald Trump’s family, appears to have added tens of million of dollars worth of the Ether cryptocurrency after crypto markets crashed during the weekend as the US president briefly imposed tariffs on Mexico and Canada.

"Although the near-term remains choppy for Bitcoin, the long-term is becoming clearer by the day," Standard Chartered said.

Bitcoin was struggling for direction Tuesday as investors weighed up how President Donald Trump’s trade policies will affect cryptocurrency prices. The world’s largest token climbed when Trump paused plans for 25% tariffs on goods from Mexico and Canada,

U.S. president Donald Trump has signed an executive order that will create a sovereign wealth fund, sparking speculation it could be used to buy

Bitcoin (BTC) price hovers around $97,000 on Wednesday after falling 3.5% the previous day. BTC still shows signs of weakness, despite Trump’s crypto czar, David Sacks, announcing during the digital asset press conference that they would evaluate a Bitcoin Reserve.

Although the price of bitcoin has responded to the potentially crypto-friendly Trump administration, hiring has not,” Barclays said.