Examine the future of Bitcoin’s price, which is currently $82K following Trump’s Liberation Day tariffs. Two significant macroeconomic developments may affect it.
The US stock market and cryptocurrency experienced a significant sell-off on April 2 due to President Trump’s broad retaliatory tariffs. However, the price of Bitcoin showed resilience by holding over $82K in spite of everything. Here are two macroeconomic developments to watch this week that may have an additional effect on the price of Bitcoin.
Trump’s Liberation Day and reciprocal tariffs end, Bitcoin price holds $82K
President Donald Trump declared retaliatory tariffs on over 100 trading partners, including China, India, the European Union, and others, on April 2. Both the US and cryptocurrency markets have been shook by this action. Cryptocurrencies witnessed more than $500 million in liquidations, with the price of Bitcoin plummeting 7.21% from $88.5K to $82.1, while the US stock market saw $1.3 trillion.
The fact that Bitcoin’s value is still above $82K in spite of this news-driven sell-off indicates strength. This might be reversed, though, since there are still two significant macroeconomic developments this week that could shake Bitcoin and the larger cryptocurrency markets.
Key macroeconomic events to watch this week
Even if Trump’s sweeping tariffs and Liberation Day are over, investors still need to exercise caution because of the impending macroeconomic developments. The Nonfarm Payrolls (NFP) and Fed Chair Powell’s speech on April 4 are two significant events that might affect the price of Bitcoin and movements in the cryptocurrency market.
The projection for the March NFP data is 80K, which is much less than the prior figure of 151K, even though the ADP employment data came in higher than anticipated. The Fed would be under more pressure as a result, which Fed Chairman Jerome Powell may address on April 4.
According to the CME Fed Watch Tool, there is a 78.5% chance that the target interest rate will stay between 4.25% and 4.50%. In June 2025, there is a 61.3% likelihood that the Fed will lower rates by 25 basis points, according to the probability table.
What’s next for Bitcoin (BTC)?
BitMEX founder and recently pardoned by Trump, Arthur Hayes, added that:
Mrkt no likey “Liberation Day”, if $BTC can hold $76.5k btw now and US tax day Apr 15, then we are out of the woods. Don’t get chopped up!
— Arthur Hayes (@CryptoHayes) April 2, 2025
Well-known cryptocurrency trader RektProof expressed his opinions. According to his prediction, the price of Bitcoin may fluctuate between $81K and $76K, which would be a fantastic chance for purchase.
According to RektProof, Bitcoin may rise higher and sweep the $82K to $91K if it does not sweep lower. This would also present a chance to short the markets.
In any case, given the state of the market and impending events that might easily affect moves, RektProof’s prognosis is still hazy and shortsighted.
US House committee passes stablecoin-regulating STABLE Act
The STABLE Act, a stablecoin framework law, was approved by the US House Financial Services Committee and will now be put to a full House vote.
A stablecoin framework bill supported by Republicans was approved by the US House Financial Services Committee and will now be put to a full vote on the House floor.
Six Democrats supported the Stablecoin Transparency and Accountability for a Better Ledger Economy, or STABLE Act, which was approved by the Committee on April 2 by a vote of 32–17.
French Hill, the head of the committee, and Bryan Steil, the leader of its Digital Assets Subcommittee, submitted the measure on February 6. It was apparently prepared with assistance from Tether, the biggest stablecoin problem in the world.
H.R. 2392, the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act of 2025 passed Committee 32-17. pic.twitter.com/pvzTOfTTr1
— Financial Services GOP (@FinancialCmte) April 3, 2025
In order to guarantee that issuers provide information about their companies and the methods by which they support their tokens, the bill would establish regulations pertaining to payment stablecoins, which are cryptocurrency tokens linked to a currency like the US dollar.
Maxine Waters, the ranking Democrat on the committee and a later vote against the bill, attacked her Republican colleagues for “setting an unacceptable and dangerous precedent” with the STABLE Act during a previous markup session.
She contended that the law supports Trump “and his insiders’ efforts to write rules of the road that will enrich themselves at the expense of everyone else” and suggested that President Donald Trump may use it to let his family’s stablecoin to be used in government payments.
The stablecoin World Liberty Financial USD (USD1) was introduced by the Trump family’s World Liberty Financial cryptocurrency enterprise in late March. According to reports, the US Housing Department, which is in charge of social housing, was considering experimenting with using stablecoins for a few of its purposes.
Stablecoin GENIUS Act also weaves through Congress
The Republican-led Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act, is one of many stablecoin-related measures now pending in Congress. It lays forth reserve regulations and oversight for issuers.
After consulting with the Committee’s Democrats, Senator Bill Hagerty, one of the bill’s co-sponsors, revised the GENIUS Act, which the US Senate Banking Committee approved on March 13 by a vote of 18–6.
Senator Kirsten Gillibrand, a Democrat, stated prior to the vote that the revised GENIUS Act made “significant improvements to a number of important provisions” in areas like approved stablecoin issuers and consumer safeguards.
Before going to a floor vote, the STABLE Act and the GENIUS Act will now each wait until discussion time on the House and Senate floors, respectively.
Crypto journalist Eleanor Terrett reported on X that two unnamed crypto lobbyists said there is likely to be “a coordinated push behind the scenes over the next few weeks to get the two bills to mirror each other, as there are still some differences between them.”
🚨NEW: Both the Senate’s GENIUS Act and the House’s STABLE Act have passed out of their respective committees.
So now what?
The bills await debate time on the floor and a vote in their respective chambers. In the meantime, two crypto lobbyists tell me there will likely be a… https://t.co/Paa8gmlNq1
— Eleanor Terrett (@EleanorTerrett) April 3, 2025
Doing so would “avoid having to set up a so-called conference committee which is formed so members from both chambers can negotiate to create a final version of the bill everyone agrees on,” she added.
Analyst forecasts 250% Dogecoin price rally if this level holds
If the meme coin can remain above $0.16, a +250% increase in Dogecoin’s price is imminent, according to a cryptocurrency market expert.
This Thursday, a well-known cryptocurrency expert sparked a massive market uproar by predicting a very bright prognosis for Dogecoin’s price. According to market analyst Ali Martinez, the dog-themed meme currency is expected to rise by over 250% to the $0.5 mark. However, as the meme token is above the critical support level at $0.16, this bull run is feasible. As of the time of writing, the price of DOGE was trading at $0.1662, sparking hope for a future climb.
Dogecoin price eyes over 250% gains; top analyst highlights conditions
In a post on X on April 3, Ali Martinez disclosed that the $0.16 price level appears to be a “make-or-break” moment for the Dogecoin price. He said a possible rise to $0.57, up about 256% from the current level, is in store if the price maintains this level.
The expert warns that if this level is not maintained, the price may fall to $0.06. Because the meme currency is now trading close to the critical support level, market observers continue to keep a close check on it.
#Dogecoin $DOGE is at a make-or-break level. If $0.16 holds, a rally to $0.57 could follow. If it fails, a drop to $0.06 becomes likely. pic.twitter.com/ksJjZIuN8D
— Ali (@ali_charts) April 3, 2025
As previously said, the price is already down more than 3% intraday at $0.1662. In the last day, it maintained support at $0.16 by bottoming and peaking at $0.1624 and $0.1787. In the end, market observers have a bullish outlook on the token and anticipate a rise if there is a prolonged movement.
What are the next resistance levels for Dogecoin price?
The same analyst identified key resistance levels for the dog-themed meme coin in a different X article that was previously posted. Notably, around $0.18 and $0.21, the price encounters two significant resistance hurdles.
A sustained break above these resistance levels would allow the price of DOGE to rise by +250%. Crypto traders and investors are now closely monitoring the meme coin’s price chart in anticipation of a change in direction as a result of these pricing dynamics.
