As the leading cryptocurrency approaches $84,000, altcoins continue to face increasing losses.
The PCE data has highlighted that a decline in cryptocurrencies could gain momentum in the coming hours. With U.S. stock losses exceeding 1%, cryptocurrencies are experiencing stagnation. Bears need to see the onset of unpleasant surprises and persistent rallies capable of liquidating billions in short positions.
Hayes’ 2025 Cryptocurrency Predictions
Starting April 2, Trump’s tariffs on Canadian and Mexican goods, as well as Chinese auto imports, will take effect. Over time, key developments in this matter have been shared, revealing a dizzying pace and growing uncertainty.
Despite the prevailing uncertainty, Hayes maintains an optimistic outlook. Arthur Hayes indicated that these factors are not significant. He believes that Powell has signaled that good news for cryptocurrencies will arrive in succession.
“April will mark a turning point for the crypto market. Trump’s tariffs? They won’t stop the Fed! The money printer will keep running, meaning a new wave of liquidity is on the way.”
Last week, Powell stated that the inflationary effects of tariffs are temporary. Hayes emphasized this by stating;
“Tariffs are no longer significant for Powell, and they shouldn’t be for crypto investors either. Whether Trump implements 50% or 2% tariffs, it makes no difference, because Powell will continue to provide the easy monetary conditions necessary for our portfolios to rise in fiat dollars.”
Bitcoin at $84,000
U.S. stocks are declining, and the PCE data exceeded expectations. Trading volumes are weak and may weaken further over the weekend. With little time left until April 2, China threatens retaliation while the U.S. insists there’s no escape from tariffs. The uncertainty remains strong, easily triggering a new decline with the PCE data.
Hayes anticipates a price of $110,000 in the short term, with clear tariff definitions expected by April 2, which everyone hopes will end this nightmare. While markets can digest tariffs, uncertainty remains a challenge. Consequently, real recovery may be observed around April 2-3.
