Bitcoin fall to 81,400 dollars before Trump imposes "Liberation Day" tax

Bitcoin seems poised to decrease in price on the last trading day of March and is recording its weakest first-quarter performance since 2018.

Concerns among cryptocurrency and stock traders regarding President Donald Trump’s new 25% tariff on imported cars, as well as the threat of tariffs on the pharmaceutical industry, are clearly reflected in the current decline of BTC. Trump’s frequent mentions of “Liberation Day” on April 2, (, the day when “counter-tariffs” will be applied to different countries, ) have also shaken traders’ confidence.

According to the report, stock futures have slid into the red, with DOW futures down 206 points and S&P 500 futures down 0.56%. As predicted, the price of Bitcoin moved in line with the stock market, dropping to a low of $81,413 on March 30 and marking the seventh consecutive day of decline.

The U.S. futures market performance on March 30 | Source: Spencer HakimianAfter a volatile quarter, the stock market seems set to close down this month, with the S&P 500 down 6.3% and Nasdaq and DOW down 8.1% and 5.2%, respectively.

The stable decline in Bitcoin prices is a result of weak demand in the spot markets combined with traders significantly reducing risk as they hesitate to open new positions in BTC futures.

The core Personal Consumption Expenditures data (PCE) from last week showed inflation rising higher than expected, and the consumer confidence data for March from The Conference Board indicated that the monthly confidence index — a measure reflecting participants’ expectations regarding income, business, and job prospects — is at its lowest level in 12 years.

The current situation of user confidence and future expectation data | Source: The Conference BoardThe probability of recession continues to rise, with a recent report from Goldman Sachs raising the likelihood of a recession within 12 months from the previous 20% to 35%. In the report, analysts from Goldman Sachs stated:

“The upward adjustment of the forecast from the previous 20% reflects lowered expectations for growth, a severe decline in confidence among both households and businesses, along with statements from White House officials indicating their willingness to accept short-term economic weakness to pursue their policies.”

Is there any hope for Bitcoin?

Although many analysts have publicly revised their six-figure Bitcoin price forecasts and are now predicting a downward adjustment to a low in the range of $70,000, institutional investors continue to buy in and net inflows into spot ETF funds remain positive.

On March 30, CEO Michael Saylor of Strategy posted the famous Bitcoin chart with the orange dots, saying:

“Need more orange dots.”

Source: Michael SaylorData from CryptoQuant also shows that the flow of Bitcoin into accumulation addresses continues to increase throughout the month.

BTC: Inflow to accumulation addresses | Source: CryptoQuantDisclaimer: This article is for informational purposes only and is not investment advice. Investors should conduct thorough research before making any decisions. We are not responsible for your investment decisions

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• Trump’s trade war puts pressure on the crypto market

Minh Anh

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