Bitcoin fell to $ 81.5k while US stock futures sells ahead of Trump’s ‘Liberation Day’ tariffs
Bitcoin’s appearance is set for an open bearish to mark the last day of March trading and perhaps Q1’s weakest performance since 2018.
The anxiety of crypto and stock traders in the fresh wave of President Donald Trump’s 25% tariffs on the US -imported cars, the threat of tariffs in the pharmaceutical industry is clearly reflected in the current BTC collapse. Trump’s frequent reference to April 2 is “Day of release“(The day on which a bright number for” reward tariffs “will be assigned to different countries) will also shake the trust of the merchants.
At the time of publishing, the stock futures were to be in red, along with Dow Futures pouring 206 points and the S&P 500 futures down 0.56%. As expected, the bitcoin (Btc) The price was moved in conjunction with the markets equally, which slipped to $ 81,656 on March 30 and locked on a 7th consecutive day of lower lows.
The performance of futures in the US on March 30. Source: X / Spencer Hakimian
After a turbulent quarter, the equities market seems to be set to close for the month, with the S&P 500 down 6.3% and the Nasdaq and Dow each register 8.1% and 5.2% losses.
Bitcoin’s stable denial is a combination of vulnerable demand in place markets and clearly deiscing from traders who are reluctant to open fresh positions in BTC futures markets.
Core data personal personal spending of last week (PCE) showed a higher than expected Uptick to inflationAnd March’s consumer confidence data from the conference board has shown a monthly confidence index-a metric that reflects the hope of respondents for income, business and job prospects-to a 12-year low.
Consumer confidence presents the situation and data of future expectations. Source: The conference board
Related: Bitcoin Bottom ‘Probably’ at $ 80k, door opening for ton, CRO, MNT and I -RALLY at rally
The odds of recession are constantly rising, with a recent report from Goldman Sachs raising a 12-month possibility of contraction from their past 20% to 35%. In the report, the Goldman Sachs analysts said,
“Upgrading from our past 20% estimate reflects our lower Beeline growth, the sharp recent deterioration of household and business confidence and statements from White House officials that suggest more willingness to endure close economic weakness in chasing their policies.”
The odds of the US backing Goldman Sachs. Source: X / peter berezin
Does Bitcoin’s downside have a silver lining?
While many crypto analysts have changed publicly in their bullish six figure-plus estimates of BTC prices and are now predicting a re-visit bitcoin swing lows in the mid-$ 70,000 range, institutional investors continue to buy, and net inflows in the ETF area remain positive.
On March 30, Strategy CEO Michael Saylor took X and Na -Post his famous orange dots of bitcoin chart, saying,
“Need more orange.”
Approach to buying bitcoin. Source: x / Michael Saylor
Data from the cryptoquant also shows bitcoin flows in accumulation addresses that continue to rise throughout the month.
BTC: Founds in accumulation addresses. Source: cryptoquant
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
