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Trump has dubbed April 2nd ‘Liberation Day’, as up to 25 countries with significant trade imbalances with the US are expected to be hit with tariffs. Sectors likely in the firing line include autos, semiconductors, and pharmaceuticals. A potential 26th target could be added soon, with Trump reportedly “very angry” and “pissed off” at Putin—threatening secondary tariffs on all oil exports out of Russia. If implemented, such a move could have far-reaching consequences, exacerbating energy inflation globally and intensifying pressure on already fragile supply chains.
The current level of uncertainty is being felt across all markets—not only through price action in risk-on assets, but in hard data. The Economic Policy Uncertainty Index has now reached an all-time high—surpassing even the pandemic peak and nearly doubling the levels recorded during the 2008 Global Financial Crisis.
As March winds down, Bitcoin is once again retesting $80K, a stark reversal from its highs above $95K earlier this month. It’s a clear reaction to the rising geopolitical tensions and a reminder that Bitcoin is still widely perceived as a risk-on asset. Meanwhile, gold continues its bullish march higher, trading just shy of $3,100 per ounce as capital rotates into traditional safe havens.
Stormrake Spotlight: Ripple (XRP) ($2.09)
Stormrake Spotlight: Ripple (XRP) ($2.09)
XRP has printed a new lower low following several days of bearish pressure, flipping market structure decisively in favour of the bears. With broader crypto market sentiment under pressure, XRP has followed Bitcoin’s lead and is now approaching a retest of the $1.98 range low. This level has held firm since early December, with no daily closes below it. The expectation is for strong demand here—offering solid entries for those dollar cost averaging or initiating new positions.
BTC/USD Key Levels and Price Action:
BTC/USD Key Levels and Price Action:
A rough end to March. Bitcoin has shed nearly 10% over the past four days, erasing recent bullish momentum and reintroducing a bearish structure on the daily chart. It’s now retesting a key support zone at $81.5K. This level is critical—should it fail, BTC could slide back into the mid-to-high $70Ks.
BTC Total ETF Flows for 30 Mar: $ (data not available at the time of writing)
(ETF flow data is sourced from https://farside.co.uk/btc/ and reflects figures at the time of writing.)
*All prices are denominated in USD unless stated otherwise*
Written by Alexandar Artis
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