Bitcoin is trading around $81,800, down 1.98% in the past 24 hours and over 7% from its recent peak. The market decline has led to $220 million in liquidated positions. Market uncertainty due to macroeconomic stress and tariff fears has resulted in lower demand and investor hesitation, impacting both crypto and traditional markets. The upcoming announcement of reciprocal tariffs by former President Donald Trump on April 2 is expected to further test market resilience, with potential impacts on inflation, unemployment, and economic growth. Bitcoin’s technical patterns suggest further downside risk, with the asset potentially falling to $73,000. Traders are focusing on capital preservation amid uncertain macro signals and geopolitical risks.
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