Bitcoin Faces Correction Amid Macroeconomic Uncertainty
In the ever-volatile world of cryptocurrencies, Bitcoin continues to face challenges from macroeconomic uncertainty and global instability. Here’s a closer look at the current state of Bitcoin and what the future might hold.
Bitcoin Correction May Still Have Weeks To Run
Bitcoin is under selling pressure as it fails to reclaim the $90,000 level and struggles to stay above the $81,000 support zone. Macroeconomic uncertainty and global instability are weighing on investor sentiment. President Trump’s tariff announcements have added to the volatility, affecting risk assets like Bitcoin. However, some data suggests the worst may be over, as indicated by the Bitcoin Realized Price model by Inter-Cycle Cohort Age, which measures market corrections through a ’Dead Cross’.
Bitcoin Short-Term Holders Halt Buying Activity – What Does This Mean For BTC?
Bitcoin witnessed a brief upward move close to the $88,000 mark due to renewed bullish momentum across the crypto market. However, the price has fallen below $83,000. The sudden increase might be attributed to the recent slowdown in short-term holders’ accumulation. Alphractal reported that short-term holders have ceased accumulating Bitcoin, reinforcing ongoing uncertainty in the market.
Bitcoin Market Turbulence Amid Trump’s Tariff Announcement
Between the 3rd and 4th of April, Bitcoin [BTC] markets faced major turbulence. The catalyst was U.S. President Donald Trump’s tariff announcement, which rattled global risk assets. Bitcoin responded swiftly, falling from $88,500 to $81,000 before recovering NEAR $83,000. Notably, long-term holders began to move dormant coins, while short-term holders contributed to a sell-off. Coinbase saw a significant inflow of 2,500 BTC in one block, raising questions about whether whales were looking to exit. Additionally, over 18,000 Bitcoin from short-term holders were sold amid macro volatility.
Michael Saylor: Bitcoin Won’t Face Tariffs Under Trump’s New Tax Plan
Michael Saylor, Executive Chairman of Strategy, pointed out that Bitcoin won’t face tariffs under US President Donald Trump’s new import tax plan. He shared this view on X, telling his 4.2 million followers about Bitcoin’s unique position compared to physical goods. His statement comes as market watchers track how the cryptocurrency market responds to the new tariff increases. According to reports, many investors worried about how Trump’s April 2 “Liberation Day” plans would affect crypto prices, but these concerns haven’t caused major price drops so far.
Satoshi Nakamoto’s 50th Birthday: 5 Facts About Bitcoin’s Creator
While Nakamoto’s true identity remains unconfirmed, his legacy continues to shape the digital financial landscape. Here are five facts about the elusive Bitcoin architect: April 5 Wasn’t Random: Nakamoto listed April 5, 1975, as his birthday—exactly 42 years after the US government banned private gold ownership under Executive Order 6102 on April 5, 1933, to stabilize the dollar. Bitcoin, by contrast, was designed to be a decentralized, deflationary alternative to fiat currency. Notably, BTC difficulty adjustment happens every 2016 block—2016 being 6102 in reverse. Satoshi Nakamoto’s Bitcoin Fortune Remains Untouched: Satoshi’s wallet, believed to hold 1.096 million BTC, has remained untouched since early 2010. Over the past decade, its value has risen more than 333-fold, now exceeding $91 billion.
