Bitcoin Slides Below $82,000 Amid Tariff Fears, XRP Consolidates Near $2.19

Bitcoin has fallen below $82,000 as investor anxiety emerges ahead of President Trump's “Liberation Day” tariffs, while XRP consolidates around $2.10

Bitcoin (BTC) fell below the $82,000 level as investor nervousness grew ahead of President Trump’s “Liberation Day” tariffs, while XRP dropped around $2.10 following a 40% decline from recent highs, forming a bull flag pattern that some analysts believe could lead to a 450% price rally.

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Crypto Market Developments

Mostly driven by uneasiness in conventional markets toward U.S. President Donald Trump’s approaching “Liberation Day” tariffs, the bitcoin market had a gloomy day. This ambiguity has produced a risk-off attitude that affects cryptocurrencies as well as stocks. Positively for user experience, Binance added a new function allowing direct CEX to DEX trade, streamlining the access to the distributed finance procedure.

Before giving crypto tax reforms first priority, U.S. industry experts are also stressing the need for regulatory clarity on stablecoins and banking connections, identifying important areas needing attention from legislators. A lighthearted event in the crypto scene saw Ethereum co-founder Vitalik Buterin engaging with a robot, which went viral, igniting the typical community speculation and debate.

Bitcoin Slips Under $82,000 as Trade Fears Weigh

Currently trading around $81,700, Bitcoin’s BTC/USD price dropped below the $82,000 mark, continuing a seventh straight day of lower lows. This fall continues the sell-off seen in U.S. stock futures, driven by investor concerns over President Trump’s recent tariffs on imported automobiles and the threat of further levies.

Further fueling market uncertainty are the expected announcements of reciprocal tariffs by April 2nd, which Trump has playfully termed “Liberation Day” for announcing the tariffs on products like textiles and seafood. Despite this bleak short-term outlook, institutional investors are showing interest in Bitcoin, with inflows to the flagship cryptocurrency remaining positive.

Anticipating a likely reversal next week, analyst Stockmoney Lizards sees a local bottom for Bitcoin between $80,000 and $82,000. Veteran trader Peter Brandt has pointed out a bearish wedge breakdown with a target aiming as low as $65,635. Nevertheless, around $80,000 is the crucial support level for Bitcoin; a breach below this could cause further drops, while a rebound could open the path for a rally towards $95,000-$100,000.

XRP Drops 40% From 2025 High

Having dropped nearly 40% from its previous multi-year high of $3.40 reached two months ago, XRP XRP/USD is now trading around $2.19. Despite positive news like the SEC dropping its case against Ripple and rumors of a pending Spark token airdrop, this price behavior fits the broader market sell-off.

Still, considering its November 2024 low, XRP indicates a consolidation phase between $1.77 (support) and $3.21 (resistance). Emphasizing that only a clean breakout over $3.21 would establish a bullish trend reversal, analyst CrediBULL Crypto expects a possible retest of the $1.77 support level for a good long entry opportunity. By contrast, analyst Stellar Babe notes a possible bull flag pattern and advises a long-term price target of around $12 if the price manages to break through the $3.21 resistance. According to Investing Scoope’s study, a five-year ascending channel has a long-term positive structure that suggests a possible rally towards $6.50 if the current pattern reflects the 2020-2021 surge.

Top Altcoins to Watch TodaySeveral altcoins are showing bullish setups despite the overall market weakness: