Cryptocurrencies Price Prediction: Bitcoin, Maker & Crypto – European Wrap 2 April
|Bitcoin Price Forecast: Analyst expects BTC to extend its consolidation between the $75,000 to $88,000 range
Bitcoin (BTC) price faces a slight rejection around the $85,000 resistance level on Wednesday after recovering 3.16% the previous day. A K33 report highlights that Cryptocurrencies and Equities have largely de-risked going into Donald Trump’s “Liberation Day” on Wednesday. Meanwhile, the US spot Bitcoin spot Exchange Traded Funds’ (ETFs) demand continues to weaken as it recorded an outflow of $157.80 million on Tuesday.
Maker, Gala and Polygon lead $100k whale transactions, can altcoins defy looming macro uncertainty?
Maker (MKR), GALA, and Polygon (POL) are among the crypto projects that have seen a spike in whale transactions of at least $100,000 in the past week, as revealed by Santiment on-chain data.
Considering the lingering macro uncertainty due to United States (US) President Donald Trump’s ‘Liberation Day’ tariffs expected on Wednesday, this surge could underscore the direction of major crypto capital.
A worrisome lull in crypto
The crypto market cap was virtually unchanged over the past day, remaining near the $2.70 trillion level. Media reports suggest that all markets are frozen in anticipation of the tariffs and bracing for volatility. We see this as a continuation of a prolonged pause, allowing the bears to accumulate liquidity before a new attack. We will see confirmation of this bearish scenario if market capitalisation falls below $2.62 trillion - the area of previous lows.
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