EU retaliatory tariffs threaten Bitcoin correction to $75K — Analysts

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Related: Bitcoin may benefit from US stablecoin dominance pushGlobal trade tariff uncertainty may limit markets until April 2Traditional and cryptocurrency markets may be limited by tariff-related concerns until April 2, according to Aurelie Barthere, principal research analyst at Nansen.”“Tariff noise is likely to continue till after April 2, and the reciprocal tariff announcements, and then negotiations, and put a lid on risk appetite.”“That said, we observed tentative stabilization in the major US equity indexes and BTC yesterday, at the low of their respective RSI, which we are monitoring,” she added.

The EU will impose counter-tariffs on 26 billion euros ($28 billion) worth of US goods starting in April, the European Commission announced on March 12, responding to US President Donald Trump’s recent move to impose 25% tariffs on steel and aluminum imports.

Source: European Commission“Counter tariffs aren’t a positive signal as they suggest a potential bounce back from the other side again,” according to Marcin Kazmierczak, co-founder and chief operating officer of blockchain oracle solution firm, RedStone.

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Author / Journalist: Cointelegraph by Zoltan Vardai

Category: Crypto

Markets: United StatesCanada

Topics: Latest Cointelegraph “tariff Trade Tariffs Retaliatory Effect Likely Continue April Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-12 @ 11:27:16 (13 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 455 words

Reading Time: 3 minutes read

Sentences: 13 lines

Sentence Length: 35 words per sentence (average)

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Copyright Owner: © Coin Telegraph

News ID: 26919505

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