Analyst: Bitcoin may fall back to $75,000 due to EU retaliatory tariffs

Odaily reports that the European Union's latest retaliatory tariffs have exacerbated macroeconomic uncertainty, prompting cryptocurrency analysts to predict that Bitcoin price volatility will increase, potentially breaking below the critical $75,000 support level. The European Commission announced on March 12 that the EU will impose retaliatory tariffs on $26 billion worth of US goods starting in April, in response to US President Donald Trump's recent 25% tariffs on steel and aluminum imports. Marcin Kazmierczak, co-founder and COO of RedStone, said: "Retaliatory tariffs are not a positive signal, as it indicates the other side may retaliate again, which could see Bitcoin drop to $75,000, but given that stablecoins and RWA [real-world assets] are still at all-time highs, the crypto market may also rebound." (Cointelegraph)