Bitcoin Weekly Preview: Tariffs, Whales, And Volatility Ahead
Bitcoin traders are preparing for a jam-packed and potentially turbulent week. From looming tariffs to whale-sized BTC bid activity, here are five major factors that market participants need to keep on their radar. #1 US Tariffs Poised To Escalate On April 2 The global stage is bracing for what US President Donald Trump has dubbed “Liberation Day” on April 2. According to The Kobeissi Letter (@KobeissiLetter), the administration’s plan for “reciprocal tariffs” promises to be a watershed moment in ongoing international trade disputes. “President Trump has been discussing this Wednesday,....
Related News
In a new essay published on March 31, former BitMEX CEO Arthur Hayes lays out a case for a $250,000 Bitcoin price target by year-end, grounded in his belief that the US Federal Reserve has effectively capitulated to fiscal dominance and resumed de facto quantitative easing (QE) for US Treasury markets. The essay, laced with vivid satire and underpinned by rigorous macroeconomic analysis, argues that the Fed’s recent shift in policy signals a structural return to fiat liquidity expansion—an environment historically beneficial to Bitcoin and other hard assets. “Powell proved last week that....
With Donald Trump’s new reciprocal tariffs set to take effect from tomorrow (April 2), the stage is set for an out-and-out trade war between the biggest economies of the world. Ahead of the tariff deadline – also known as the ‘Liberation Day’ – Trump issued a stern warning that no country would be exempted from the proposed tariffs. Unsurprisingly, this has set off a market-wide sell-off, with stocks of prominent US companies closing in the red on Monday. In this article, we’ll briefly touch upon the most important reasons for the current sideways/downwards sloping market, why....
On-chain data shows Bitcoin whales are transferring large amounts to derivatives exchanges right now, a signal that more volatility could be ahead for the crypto. Bitcoin All Exchanges To Derivatives Flow Continues To Show High Value As explained by an analyst in a CryptoQuant post, BTC whale activity on derivatives exchanges still seems to be high. The relevant indicator here is the “all exchanges to derivatives exchanges flow,” which measures the total amount of Bitcoin moving from spot exchange wallets to derivatives. When the value of this metric spikes up, it means whales....
Over the last week, Ethereum (ETH) has dropped 13.8%, currently trading at the critical $2,000 support level. While the digital asset’s weekly Relative Strength Index (RSI) has hit its lowest point in three years, analysts warn that further downside may still be ahead. Ethereum RSI At Lowest Levels In Years US President Donald Trump’s trade tariffs on Canada and Mexico took effect earlier today, fueling fears of an impending recession. According to the latest data from Kalshi, there is a 39% probability of a recession occurring in 2025. Related Reading: Ethereum Must Hold This Key Level To....
Donald Trump has decided not to double tariffs on Canadian aluminum and steel, offering a sigh of relief to the US stock market. The decision to retract tariffs on Canadian metals came after Canada’s announcement that it wouldn’t go ahead with its plan of retaliating against the US. Canada had earlier decided to impose a 25% tax on the electricity it sells to the US. Moreover, a meeting has been scheduled for Thursday with the agenda of reaffirming the trade pact between the US, Canada, and Mexico. This could also be a good sign for the crypto economy, seeing as Trump’s....