Crypto prices remain under significant selling pressure

Crypto prices remain under significant selling pressure on Monday, driven by growing macroeconomic concerns as Donald Trump's April 2nd tariff deadline approaches.

Crypto prices are still grappling with significant selling pressure on Monday, driven by growing macroeconomic concerns as Donald Trump’s April 2nd tariff deadline approaches.

The Bitcoin price dipped below $82k in correlation with the decline in US stocks. Large-cap altcoins are faring much worse, with XRP and Cardano down by nearly 5% on the day.

Yet, several macroeconomic analysts remain confident that the next crypto bull run is imminent, citing bullish factors like the soaring global liquidity and the weakening US dollar.

Could Trump’s upcoming ‘Liberation Day’ on April 2 mark the bottom for stocks and crypto, and trigger a bullish reversal?

Why Is Crypto Crashing Today?

In a surprising move, President Donald Trump revealed that his reciprocal tariffs, set to take effect on April 2nd, will target all nations and not just the trading partners he had previously mentioned.

This unexpected escalation in Trump’s tariff plans has investors worried, especially since it will put pressure on the US macroeconomic recovery from the pandemic.

As a result, we’ve seen a steep decline in US equities. The S&P 500 futures are down by 0.88%, now officially in the correction territory, while the tech-heavy Nasdaq 100 is now just 5.5% away from entering a bear market.

Bitcoin, which continues to have a strong correlation with tech stocks, fell below $82k again on Monday.

Investors can expect choppy price action leading up to the April 2nd tariff deadline. The bulls would ideally hope for the $82k support level to hold.

However, Trump’s continued hawkish stance on global trade could exacerbate the recession and stagflation fears, sending the Bitcoin price tumbling to $77k.

And yet, the Bitcoin price chart structure would remain bullish, especially as long as BTC remains above its 50-week simple and exponential moving averages. In fact, a dip to the $76k – $77k zone could present a clean 2x opportunity.

As explained, Bitcoin remains one of the best cryptos to buy now, considering the possibility of an upside move to $150,000 in 2025.

The popular Solana meme coin Fartcoin is showing a significant correlation to BTC. Prominent analyst CRG also highlights that the Fartcoin price has formed a bullish divergence in its 4-hour chart.

While the meme coin remains highly volatile, a move to $1 appears to be imminent.

Among the large-cap altcoins, XRP is a topic of heated discussion among experts. The XRP price chart has printed a bullish divergence in its 4-hour chart, suggesting a sharp rebound.

However, the whales are offloading their XRP holdings, hinting that a potential retest of the $1.65 support level could be a possibility.

Sidelined investors should be cautious while buying XRP at the current price. But a dip below $1.70 would offer an excellent entry point and make it one of the best cryptos to buy.

Smart money investors are also continuing to bet on unique meme coins, especially now that low-cap gems are grabbing headlines once again.

For instance, one investor who purchased nearly $1400 of FAT is now $230,000 in the green.

Similarly, a unique Bitcoin-themed meme coin, BTC Bull (BTCBULL), has caught the attention of low-cap hunters, thanks to its promise of free Bitcoin.

The BTCBULL presale has already raised over $4.3 million in short order, a sign of high investor confidence.

The project is built on the core foundation that Bitcoin is undervalued at its current price and will reach $250k in the near future. BTCBULL is simply another way for token holders to benefit from BTC’s forward march.

In this regard, token holders will receive massive Bitcoin and BTCBULL airdrops, as well as benefit from token burn events whenever the BTC price hits certain set milestones.

BTC Bull’s unique value proposition has impressed smart money investors, who are among the early presale buyers. Many of them have even called it the next 100x crypto.