The post Bitcoin tumbles below $82k as global markets grapple with impending ‘Liberation Day’ appeared on BitcoinEthereumNews.com.

Bitcoin is starting the week around $81,800, marking a 1.98% decrease over the past 24 hours and continuing a weeklong downtrend that has seen the asset fall over 7% from its March 25 local peak of $88,400. The sustained decline has triggered roughly $220 million in liquidated crypto positions, extending Bitcoin’s streak of lower lows to a seventh consecutive day. The pullback coincides with widespread losses across the broader digital asset market. The global crypto market capitalization has dropped to $2.65 trillion, a 1.77% decrease over the same 24-hour period, and daily trading volume has fallen by 1.4% to $57 billion. Macroeconomic Stress and Tariff Uncertainty Erode Market Confidence Mounting anxiety ahead of former President Donald Trump’s “Liberation Day” on April 2, during which he is expected to unveil sweeping “reciprocal tariffs,” has added pressure to crypto and traditional financial markets. The anticipation of aggressive trade measures has triggered a derisking trend across spot markets, reducing demand and increasing investor hesitation. Multiple negative macroeconomic signals are contributing to the unease. Core PCE data released last week pointed to higher-than-expected inflation, while consumer confidence has declined to its lowest level in over a decade. Meanwhile, Goldman Sachs raised its recession forecast from 20 percent to 35 percent, citing elevated geopolitical and economic risk. Bitcoin’s decline has mirrored losses across equity markets, reinforcing its correlation with traditional risk assets. The S&P 500 has declined by over 6% this month, while the Nasdaq and Dow Jones Industrial Average are down 9% and 4.7%, respectively. Bitcoin has now declined 13% in the first quarter of 2025, the asset’s worst quarterly performance in two cycles. The correction comes as gold climbs to all-time highs, surpassing $3,087, indicating a complete decoupling of assets. ‘Liberation Day’ Set to Test Market Resilience The upcoming tariff announcement will likely…

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Filed under: News - @ March 31, 2025 8:20 am