{"id":22565,"date":"2025-03-31T12:59:37","date_gmt":"2025-03-31T09:59:37","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoin-slips-to-82000-as-us-trade-tariffs-loom\/"},"modified":"2025-03-31T12:59:37","modified_gmt":"2025-03-31T09:59:37","slug":"bitcoin-slips-to-82000-as-us-trade-tariffs-loom","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-slips-to-82000-as-us-trade-tariffs-loom\/","title":{"rendered":"Bitcoin slips to $82,000 as US trade tariffs loom"},"content":{"rendered":"<p>On March 31 the price of the leading cryptocurrency slipped below $82,000. On Binance it briefly fell to $81,329.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"616\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/BTCUSD_2025-03-31_11-05-07-1024x616.png\" alt=\"BTCUSD_2025-03-31_11-05-07\" class=\"wp-image-255306\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/BTCUSD_2025-03-31_11-05-07-1024x616.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/BTCUSD_2025-03-31_11-05-07-300x180.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/BTCUSD_2025-03-31_11-05-07-768x462.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/BTCUSD_2025-03-31_11-05-07.png 1327w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">15-minute BTC\/USD chart on Binance. Data: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/?exchange=BINANCE\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>After a bounce, the asset is trading around $82,200. It is down 1.1% over the past 24 hours. Leading altcoins fell more sharply.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"584\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Cryptocurrency-Prices-Charts-and-Crypto-Market-Cap-CoinGecko-Google-Chrome-29-1024x584.jpg\" alt=\"Cryptocurrency-Prices-Charts-and-Crypto-Market-Cap-CoinGecko-Google-Chrome-29\" class=\"wp-image-255307\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Cryptocurrency-Prices-Charts-and-Crypto-Market-Cap-CoinGecko-Google-Chrome-29-1024x584.jpg 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Cryptocurrency-Prices-Charts-and-Crypto-Market-Cap-CoinGecko-Google-Chrome-29-300x171.jpg 300w, https:\/\/forklog.com\/wp-content\/uploads\/Cryptocurrency-Prices-Charts-and-Crypto-Market-Cap-CoinGecko-Google-Chrome-29-768x438.jpg 768w, https:\/\/forklog.com\/wp-content\/uploads\/Cryptocurrency-Prices-Charts-and-Crypto-Market-Cap-CoinGecko-Google-Chrome-29.jpg 1141w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/www.coingecko.com\/\">CoinGecko<\/a>.<\/figcaption><\/figure>\n<p>Total crypto market capitalisation fell 3.2% to $2.75 trillion.<\/p>\n<p>Futures on US equities also turned lower. Derivatives on the S&amp;P 500 fell 0.7%, and on the Nasdaq 100 by 0.8%.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Equities all down -1% to open the week. <\/p>\n<p>Happy Liberation Week! <a href=\"https:\/\/t.co\/hoz5QJa6hi\">pic.twitter.com\/hoz5QJa6hi<\/a><\/p>\n<p>\u2014 Spencer Hakimian (@SpencerHakimian) <a href=\"https:\/\/twitter.com\/SpencerHakimian\/status\/1906468040482451674?ref_src=twsrc%5Etfw\">March 30, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2 class=\"wp-block-heading\">The Trump factor<\/h2>\n<p>Traders\u2019 confidence is ebbing as April 2\u2014dubbed \u201cLiberation Day\u201d by US president Donald Trump\u2014approaches. The president has announced a 25% tariff from that date on imports of cars, pharmaceuticals and other items for a wide range of countries.<\/p>\n<p>Reports a week ago of a possible softening of the US administration\u2019s stance on tariffs sent bitcoin<a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-holds-above-87000\"> above $87,000<\/a>. Mr Trump\u2019s tougher rhetoric has weighed on demand for risk assets, with the first cryptocurrency increasingly associated with them. Spot gold\u2014one of the main haven assets\u2014on March 31 <a href=\"https:\/\/goldprice.org\/spot-gold.html\">hit<\/a> a record high of $3,122.<\/p>\n<p>Analysts at Goldman Sachs <a href=\"https:\/\/x.com\/PeterBerezinBCA\/status\/1906461126621082011\">raised<\/a> the probability of a US recession within 12 months from 20% to 35%.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThe increase in the previous estimate reflects lower growth rates, the recent sharp deterioration in household and business confidence, and statements by White House officials indicating a greater willingness to tolerate short-term economic weakness in order to implement their policy,\u201d the bank\u2019s specialists explained.<\/p>\n<\/blockquote>\n<p>Daily bitcoin trading volumes on exchanges have fallen to $36 billion, 70% below the $126 billion peak recorded in November 2024, according to <a href=\"https:\/\/www.theblock.co\/post\/348685\/crypto-trading-volumes-plunge-70-from-the-peak-as-post-election-hype-fades\">The Block<\/a>.<\/p>\n<p>The total value of BTC on trading venues has also <a href=\"https:\/\/www.theblock.co\/data\/crypto-markets\/spot\">declined<\/a> from $24.4 billion at the start of March to $8.6 billion. The value transferred on-chain each day has <a href=\"https:\/\/www.theblock.co\/data\/on-chain-metrics\/bitcoin\">fallen<\/a> by roughly half.<\/p>\n<h2 class=\"wp-block-heading\">Technical analysts tilt to optimism<\/h2>\n<p>Earlier, QCP Capital <a href=\"https:\/\/forklog.com\/en\/news\/qcp-capital-questions-bitcoins-80000-support-amid-economic-concerns\">questioned<\/a> the strength of bitcoin\u2019s $80,000 support.<\/p>\n<p>Economist Timothy Peterson, author of \u201cMetcalfe\u2019s Law as a Model for Bitcoin\u2019s Value\u201d, struck a more upbeat tone.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Every Bitcoin Bear Market Since 2015<\/p>\n<p>Since 2015 there have been 10 Bitcoin bear markets, defined as a 20% decline from ATH. About one every year, these are common.<\/p>\n<p>Of those, only 4 have been worse than this one in terms of duration: 2018, &#8217;21, &#8217;22, &#8217;24.<\/p>\n<p>In terms of\u2026 <a href=\"https:\/\/t.co\/ywVw8InId0\">pic.twitter.com\/ywVw8InId0<\/a><\/p>\n<p>\u2014 Timothy Peterson (@nsquaredvalue) <a href=\"https:\/\/twitter.com\/nsquaredvalue\/status\/1903497459583553731?ref_src=twsrc%5Etfw\">March 22, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cJudging solely by base adoption value, bitcoin is unlikely to fall below $50,000. From a price-dynamics perspective it will be hard-pressed to break even $80,000, especially given that central banks are leaning toward easier monetary policy,\u201d the expert said.<\/p>\n<\/blockquote>\n<p>By his estimate, the current bear market will last 90 days from <span data-descr=\"all-time high\" class=\"old_tooltip\">ATH<\/span>, with a 20\u201340% rise from mid-April.<\/p>\n<p>Profitz Academy founder Merlijn Enkelar noted that bitcoin\u2019s chart has formed a double top, repeating the 2023 pattern.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Just like in 2023, <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> is repeating the same setup.<\/p>\n<p>Double Top. Bear Trap. PARABOLIC MOVE.<\/p>\n<p>Don\u2019t let the bears shake you out this time! <a href=\"https:\/\/t.co\/LNuoey7cc5\">pic.twitter.com\/LNuoey7cc5<\/a><\/p>\n<p>\u2014 Merlijn The Trader (@MerlijnTrader) <a href=\"https:\/\/twitter.com\/MerlijnTrader\/status\/1905922883102126223?ref_src=twsrc%5Etfw\">March 29, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>A parabolic move higher should follow this bear trap, he predicted.<\/p>\n<p>Crypto trader Ted Pillows argues that the first cryptocurrency is in a Wyckoff re-accumulation phase, implying sideways trading in a tight range after a prolonged downtrend.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> is currently in the Wyckoff re-accumulation phase.<\/p>\n<p>The drop below $85K is pure manipulation to scare last standing bulls.<\/p>\n<p>Once BTC goes above $92K, bears will get rekt. <a href=\"https:\/\/t.co\/QpRTJjO6SF\">pic.twitter.com\/QpRTJjO6SF<\/a><\/p>\n<p>\u2014 Ted (@TedPillows) <a href=\"https:\/\/twitter.com\/TedPillows\/status\/1906309935450739184?ref_src=twsrc%5Etfw\">March 30, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>He called the dip below $85,000 the result of \u201cpure manipulation\u201d aimed at \u201cscaring the last standing bulls\u201d.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cAs soon as BTC exceeds $92,000, the bears will be defeated,\u201d Pillows said.<\/p>\n<\/blockquote>\n<p>Capriole Investments founder Charles Edwards, based on the Bitcoin Macro Index, <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-metrics-reveal-alarming-signals\">suggested<\/a> that bitcoin may be entering a decline phase.<\/p>\n<p>CryptoQuant specialists noted worrying signals for digital gold across four indicators. On March 31 one of the analytics firm\u2019s verified authors <a href=\"https:\/\/x.com\/cryptoquant_com\/status\/1906620594340114503?t=aeu6J-J7DuT128AhswFJYw&#038;s=31\">confirmed<\/a> that MVRV does not yet point to a bottom.<\/p>\n<p>Earlier, Real Vision\u2019s chief analyst Jamie Coutts <a href=\"https:\/\/forklog.com\/en\/news\/analyst-predicts-bitcoins-path-to-123000\">forecast<\/a> bitcoin to rise to $123,000 by June.<\/p>\n<p>Several experts at Wall Street firms have also <a href=\"https:\/\/forklog.com\/en\/news\/analysts-predict-bitcoin-surge-post-march\">mooted a rally<\/a> in the asset in the second quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On March 31 the price of the leading cryptocurrency slipped below $82,000. On Binance it briefly fell to $81,329. 15-minute BTC\/USD chart on Binance. Data: TradingView. After a bounce, the asset is trading around $82,200. It is down 1.1% over the past 24 hours. Leading altcoins fell more sharply. Data: CoinGecko. Total crypto market capitalisation [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":22564,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,1146,1150],"class_list":["post-22565","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-cryptocurrency-market-forecasts","tag-news-plus"],"aioseo_notices":[],"amp_enabled":true,"views":"27","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/22565","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=22565"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/22565\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/22564"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=22565"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=22565"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=22565"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}