Bitcoin Bears in Control as Macro Headwinds Weigh Heavy

BTC kicked off the week at $81.8K, down 1.98% in 24H and extending its losing streak to 7 straight days, now over 7% off its March 25 peak of $88.4K. The sell-off has wiped out $220M in liquidations, with the broader market bleeding as global crypto cap shrinks to $2.65T and daily volume dips to $57B.

Trump’s “Liberation Day” & Macro Chaos Hit Markets

With Trump set to announce tariff hikes on April 2, risk-off sentiment is gripping both crypto and equities. Core PCE inflation came in hot, consumer confidence tanked, and Goldman Sachs just hiked its recession odds from 20% to 35%. Meanwhile, the S&P 500 (-6%), Nasdaq (-9%), and Dow (-4.7%) are all deep in red. Bitcoin has now shed 13% in Q1, its worst quarter in two cycles, while gold rips to ATHs above $3,087, highlighting the asset decoupling.

BTC Eyes Key Support, $73K in Play?

Bitcoin’s breakdown continues, failing to hold the purple channel and now sitting in the green channel, the final stop before a potential drop to $73K. Sentiment is rattled, and unless bulls reclaim lost ground, liquidation cascades could accelerate. Traders remain defensive, prioritizing capital preservation over speculative inflation hedges.

All eyes now on April 2—if tariffs spark a global retaliation, expect more volatility ahead.