Overview

• Bitcoin dropped to a two-week low of $81,500 on March 31 before recovering to $83,465, reflecting ongoing market turbulence tied to macroeconomic uncertainty.
• Ethereum and other altcoins have faced steeper declines than Bitcoin, with Ethereum hitting a 17-month low of $1,784 earlier in the day.
• The cryptocurrency market is closely tracking equities like the Nasdaq, as Bitcoin continues to be treated as a risk asset by many investors.
• Market activity has slowed, with large transaction volumes and daily active addresses declining by over 10%, signaling cautious investor behavior.
• Analysts are divided on whether Bitcoin’s price has bottomed, with some pointing to Trump’s April 2 tariff announcement as a potential catalyst for further volatility.