Strategy co-founder Michael Saylor posted the Bitcoin (BTC) chart signaling an impending BTC acquisition by the company, marking week eight of consecutive purchases by the company during this latest buying stint.

“Orange is my preferred color,” Saylor wrote to his 4.4 million followers on X — a number that has been steadily growing over the past two years as the Strategy co-founder commands increased media attention due to the company’s corporate treasury plan.

The company’s most recent Bitcoin acquisition on May 26 of 4,020 BTC, valued at roughly $427 million at the time of purchase, brought Strategy’s total holdings to 580,250 BTC.

According to data from Bitcoin Treasuries, this makes Strategy the single largest known Bitcoin holder, with the company’s BTC holdings dwarfing the amount of BTC held by the US and Chinese governments combined.

Strategy has become synonymous with Bitcoin, with many traders seeing it as a proxy bet for the digital asset.

The company’s rapid accumulation of BTC is already altering market dynamics, according to CrytoQuant analyst Ki Young Ju. Institutional buying could also trigger a supply shock, sending BTC prices higher, executives from crypto-native Sygnum Bank told Cointelegraph.

Related: Michael Saylor shoots his shot for Rogan spot: ‘Let’s talk about Bitcoin’

Debate erupts over Strategy’s Bitcoin proof of reserves

Strategy has been characterized as an emerging financial superpower by authors like Adam Livingston. However, not all investors are convinced by Strategy’s reported Bitcoin accumulation numbers.

A growing number of market participants have voiced criticisms and suspicions that Strategy does not have the Bitcoin it purports to have in its corporate treasury, citing a lack of regular proof of reserve audits.

One individual responded to Saylor’s impending acquisition post by asking: “No proof of reserves is your preferred ‘trust me bro.’ When mempool? Or [are you] too scared to show that you do not have Bitcoin, but instead paper Bitcoin?”

The Strategy co-founder argues that proof of reserve audits are risky for large enterprises and institutions because they open up the institutions’ wallets to tracking and unwanted attention from potential threat actors.

This high degree of transparency inherent in public blockchains is often cited by industry professionals and business leaders as one of the main impediments to institutions putting their business operations onchain.

Magazine: Coinbase hack shows the law probably won’t protect you: Here’s why

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Most major digital assets, such as Dogecoin, are experiencing notable positive movements again as the general crypto markets turn remarkably bullish. DOGE has risen to the $0.17 mark due to improving market conditions, and crypto analysts believe that the current upward movement might extend to higher levels in the short term.

Breakout To $0.195 In Sight For Dogecoin?

Dogecoin, the largest dog-themed meme coin, is back in the spotlight after surging by more than 8% in less than 24 hours, triggered by positive market performance. Ali Martinez, a technical expert and investor, has outlined a bullish trend in DOGE’s chart that is likely to spur a rebound shortly.

While Dogecoin has reclaimed critical resistance levels, Ali Martinez highlighted that DOGE has formed a key Ascending Triangle chart pattern, indicating rising momentum. An ascending triangle formation is a bullish technical chart pattern that hints at the potential continuation of an uptrend.

According to the expert, DOGE is demonstrating the potential of a breakout from the chart pattern, suggesting an imminent uptrend to crucial price levels. The technical impending breakout, coupled with rising volume and improving sentiment across the broader crypto market, supports the conjecture that the meme coin may be preparing for a price recovery.

Following a breakout from the upper line of the ascending triangle, Martinez has predicted a rally to the $0.195 mark and beyond. With the market gaining robust momentum, DOGE’s rebound to this level could trigger a bullish trend in the following days, reigniting the bull cycle.

Even though DOGE seems primed for a rally to $0.195, the expert has highlighted that the meme coin must successfully reclaim the $0.17 mark as support again. The analyst considers this action another factor that might bolster Dogecoin’s anticipated upward trend. However, if the asset fails to recover $0.17 as support, it is likely to trigger a downward move to $0.6, a level that could imply the beginning of a bear market phase.

DOGE Bull Market Surge Brings $1.25 Into Play

As DOGE shows upward strength, Javon Marks, a crypto analyst and trader, has shared a bold prediction about the meme coin rallying to $1.25 this cycle. After delving into the 5-day price action, Javon Marks stated that Dogecoin’s price has maintained higher lows and is beginning to show signs of recovery from this set.

DOGE saw a notable increase in price of more than 500% from its prior set of higher lows. Meanwhile, a similar pattern is presently emerging. According to the expert, a breakout holding with a target of $0.6533 is still active, suggesting that another run of at least +279% is imminent.

With the strength from the recent pullback, Javon Marks claims that the $0.6533 target can be broken in the short term. This significant move will eventually bring the $1.25+ mark into play.

Featured image from Unsplash, chart from Tradingview.com

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Bitcoin is starting the week around $81,800, marking a 1.98% decrease over the past 24 hours and continuing a weeklong downtrend that has seen the asset fall over 7% from its March 25 local peak of $88,400.

The sustained decline has triggered roughly $220 million in liquidated crypto positions, extending Bitcoin’s streak of lower lows to a seventh consecutive day.

The pullback coincides with widespread losses across the broader digital asset market. The global crypto market capitalization has dropped to $2.65 trillion, a 1.77% decrease over the same 24-hour period, and daily trading volume has fallen by 1.4% to $57 billion.

Macroeconomic Stress and Tariff Uncertainty Erode Market Confidence

Mounting anxiety ahead of former President Donald Trump’s “Liberation Day” on April 2, during which he is expected to unveil sweeping “reciprocal tariffs,” has added pressure to crypto and traditional financial markets. The anticipation of aggressive trade measures has triggered a derisking trend across spot markets, reducing demand and increasing investor hesitation.

Multiple negative macroeconomic signals are contributing to the unease. Core PCE data released last week pointed to higher-than-expected inflation, while consumer confidence has declined to its lowest level in over a decade. Meanwhile, Goldman Sachs raised its recession forecast from 20 percent to 35 percent, citing elevated geopolitical and economic risk.

Bitcoin’s decline has mirrored losses across equity markets, reinforcing its correlation with traditional risk assets. The S&P 500 has declined by over 6% this month, while the Nasdaq and Dow Jones Industrial Average are down 9% and 4.7%, respectively.

Bitcoin has now declined 13% in the first quarter of 2025, the asset’s worst quarterly performance in two cycles. The correction comes as gold climbs to all-time highs, surpassing $3,087, indicating a complete decoupling of assets.

‘Liberation Day’ Set to Test Market Resilience

The upcoming tariff announcement will likely be a key inflection point for crypto and broader financial markets. Trump’s April 2 “Liberation Day” promises tariff hikes designed to reduce U.S. dependence on foreign goods, with targets including the European Union, South Korea, Brazil, and India, as CNBC reported.

Goldman Sachs projects these duties could raise inflation and unemployment while stalling economic growth. Their forecast includes a potential increase in tariff rates by 15 percentage points, though carveouts for certain products and countries could reduce the effective increase to 9 percentage points. According to Reuters, the immediate market impact will depend on the breadth and timeline of tariff implementation, particularly whether other nations respond in kind.

If retaliation occurs, it could initiate a feedback loop of escalating trade restrictions, likely increasing market volatility. Analysts view the coming days as critical for assessing resilient investor sentiment in the face of potential policy shocks and persistent macro headwinds.

Bitcoin Faces Technical and Sentiment-Driven Headwinds

Technical patterns for Bitcoin suggest further downside risk, with price action nearing a key support level. The asset is testing levels that, if broken, could accelerate the pace of liquidation and open the door for short-term bearish continuation.

Bitcoin has repeatedly failed to maintain the purple price channel, falling back into the green channel, the last historical channel before the potential bottom channel for the cycle at $73,000.

While some analysts anticipate that Bitcoin could benefit from long-term inflationary pressures triggered by tariffs, that narrative remains speculative and disconnected from the immediate sell-off. For now, traders appear more focused on capital preservation amid unclear macro signals and escalating geopolitical risk.

The following is a guest article from Agne Linge , Head of growth at WeFi.

Over the last few months, the crypto industry has been celebrating an evident pro-crypto shift in the US regulatory space. The optimism is well founded – the US president has his own meme coin, the SEC has already vowed to lower crypto enforcements, and earlier last month, White House released its crypto executive order to establish regulatory clarity.

Under Trump’s term, the Securities Exchange Commission has also implemented SAB 122 — which is said to pave the way for crypto adoption. There’s also a strong push towards a Bitcoin reserve – not just in the US but globally.

Despite this optimism, the past week has made it abundantly clear that crypto is now more vulnerable to macroeconomic factors than ever before. On the day that President Trump announced tariffs on China, Canada, and Mexico, the crypto market lost $2 billion according to Coinglass data.

Some experts indicate that original liquidations exceeded $10 billion – far worse than the liquidations during the FTX fallout. Factors including “buy the rumour, sell the news,” might have been at play for the crypto market.

At the moment, there is a brief pause on the tariff implementation, as Trump has agreed to postpone Canada and Mexico tariffs by a month. If implemented, these tariffs may heighten the risk of a recession by constricting consumer spending and increasing economic uncertainty.

Tariffs as a Catalyst for Economic Contraction

Tariffs function as a tax on imported goods. Their intended purpose is to protect domestic industries by making foreign products relatively more expensive. However, this protectionism comes at a cost. When tariffs drive up the prices of goods, consumers tend to reduce their spending.

Consumer spending drives approximately 68% of the U.S. GDP, so any sustained reduction in consumption can push overall economic activity below the threshold necessary to avoid a recession.

Also, employment on all sides would take a big hit. The 25% tariffs discussed could result in a 0.25% job loss in the US. The impact would be much bigger for the other sides, with both Canada and Mexico projected to see up to 3% job losses.

In my view, the imposition of these tariffs could have severe spillover effects. Deutsche Bank analysts have also argued that sustained tariffs against Canada and Mexico—two of the United States’ largest trading partners—will be “far larger in economic magnitude” than the repercussions of Brexit on the United Kingdom.

Given the weight of consumer spending in the U.S. and the sensitivity of these neighboring economies to shifts in trade volumes, it is not an overstatement to predict that Canada and Mexico could tip into recession in the coming months if the 25% tariffs are implemented.

The Trade War Escalation and Its Broader Impact

Many stakeholders anticipated that these moves would hurt international trade flows, increase production costs, and drive up prices across the board. As domestic and international companies scramble to adjust supply chains, the uncertainty that accompanies such policy shifts can further depress economic activity.

Last week crypto markets witnessed the volatility induced by these policies. When Trump agreed to postpone Canada and Mexico tariffs by a month. Bitcoin’s price recovered from $92,000 to over $100,000.

However, the relief was short-lived when China retaliated with its own set of tariffs, and the cryptocurrency’s price retracted to around $96,000 within hours. This rapid on-off dynamic highlights how sensitive markets have become to tariff-related news.

Inflation Risks and Federal Reserve Dilemma

Federal Reserve officials have also voiced concerns about the inflationary potential of large-scale tariffs. While they have stopped short of explicitly linking these policies to their forthcoming monetary policy decisions, the warnings are significant.

Earlier Chicago Fed President Austan Goolsbee voiced out a number of supply chain threats regarding the implementation of tariffs. Tariffs raise import costs, and as these costs are passed on to consumers, inflation then accelerates.

This scenario is worrisome, given that inflation erodes real incomes and can exacerbate recessionary pressures by reducing overall consumer spending. The Fed’s dilemma is acute.

On one hand, the central bank seeks to control inflation by tightening monetary policy.

However, an overly aggressive stance on interest rates could compound the negative effects of tariff-induced economic slowdowns.

Gold Remains the Primary Safe-Haven Assets

While digital assets like Bitcoin have struggled to maintain stability amid rising trade tensions, traditional safe-haven assets have experienced a renewed surge in demand. According to data from The Kobeissi Letter, gold reached an all-time high on February 3.

The rally in gold prices reflects investors’ instinct to seek refuge amid heightened market volatility and inflationary pressures. The dynamics behind this shift are rather simple. As tariffs push up consumer prices and undermine global trade, investors have become wary of the long-term economic outlook.

With the risk of recession and the possibility of further monetary tightening, gold’s relative stability makes it an attractive asset.

Looking Ahead

The coming weeks will prove decisive. If the U.S. continues down this path of aggressive tariff imposition without achieving meaningful trade concessions, we may very well see heightened inflation and sustained market volatility.

At the same time, we could anticipate the onset of recession in key partner economies. Policymakers—and investors alike—must recognize that the costs of trade protectionism extend far beyond the immediate sphere of international commerce.

Ultimately, while some may argue that these tariffs could eventually force a renegotiation of trade terms, the evidence suggests that the risk of recession—and the attendant damage to consumer confidence and global liquidity—is too great to ignore.

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