Odaily News The latest retaliatory tariffs from the European Union have heightened macroeconomic uncertainty, prompting cryptocurrency analysts to predict increased Bitcoin price volatility, potentially breaking below the key $75,000 support level. The European Commission announced on March 12 that the European Union will impose counter-tariffs on €26 billion ($28 billion) worth of U.S. goods from April in response to U.S. President Donald Trump’s recent move to impose a 25% tariff on steel and aluminum imports.
Marcin Kazmierczak, co-founder and COO of RedStone, said: “The retaliatory tariffs are not a positive sign as it suggests that there could be another rally on the other side, which could see Bitcoin fall to $75,000, although given that stablecoins and RWAs [real world assets] are still at all-time highs, there is also the possibility that the crypto market could rebound.” (Cointelegraph)