Bitcoin (BTC) cooled a 7% rebound after the March 11 Wall Street open as familiar headwinds sparked market jitters.
BTC/USD 1-hour chart. Source: Cointelegraph/TradingView
Bitcoin, stocks deflate on fresh tariffs letdown
Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it touched local highs of $82,154 on Bitstamp before consolidating.
US JOLTS job openings data delivered a slight overshoot versus expectations, but it was confirmation of further trade tariffs on Canada by US President Donald Trump that spoiled risk-asset relief.
The S&P 500 thus traded down 0.5% on the day at the time of writing, while stock indexes continued to see volatility.
“The S&P 500 was up +5% at this point in Trump’s first term. Instead, it’s now down -7% since January 20th,” trading resource The Kobeissi Letter observed in