Bitcoin is initiating the week at approximately $81,800, reflecting a 1. 98% decline over the preceding 24 hours and continuing a weeklong downward trend that has seen the asset drop over 7% from its local peak of $88,400 on March 25.
The ongoing decrease has resulted in approximately $220 million in liquidated cryptocurrency positions, extending Bitcoin’s series of lower lows to a seventh consecutive day.
The retreat aligns with widespread losses throughout the broader digital asset market. The global cryptocurrency market capitalization has fallen to $2. 65 trillion, a 1. 77% reduction over the same 24-hour timeframe, while daily trading volume has decreased by 1. 4% to $57 billion.
Macroeconomic Strain and Tariff Ambiguity Undermine Market Confidence
Growing trepidation ahead of former President Donald Trump’s “Liberation Day” on April 2, during which he is anticipated to reveal extensive “reciprocal tariffs,” has intensified pressure on both cryptocurrency and traditional financial markets. The prospect of forceful trade actions has prompted a derisking tendency across spot markets, diminishing demand and heightening investor caution.
A multitude of adverse macroeconomic indicators is contributing to the unease. Core PCE data released last week indicated inflation that exceeded expectations, while consumer confidence has fallen to its lowest level in over a decade. Furthermore, Goldman Sachs has amplified its recession prediction from 20 percent to 35 percent, citing heightened geopolitical and economic risks.
Bitcoin’s decline has mirrored setbacks across equity markets, reinforcing its correlation with conventional risk assets. The S&P 500 has fallen over 6% this month, while the Nasdaq and Dow Jones Industrial Average have decreased by 9% and 4. 7%, respectively.
Bitcoin has now diminished by 13% in the first quarter of 2025, representing the asset’s worst quarterly performance in two cycles. The correction occurs as gold ascends to unprecedented heights, exceeding $3,087, signaling a complete decoupling of assets.
