The prices of cryptocurrencies rose during trading on Monday, with increasing possibilities of U.S. President "Donald Trump" easing the tariffs he threatened to impose on the country's major trading partners on April 2nd.

This rise came after strong waves of declines that cryptocurrencies faced in recent weeks, as investors shied away from high-risk assets and turned to safe havens.

Contrary to expectations, cryptocurrencies, especially Bitcoin, suffered significant losses amid geopolitical tensions, economic fluctuations, and the likelihood of the U.S. economy entering a recession.