Bitcoin (BTC) faced mixed forces on March 27 as a combination of fresh US trade tariffs and macroeconomic data weighed on risk assets.
BTC/USD 1-hour chart. Source: Cointelegraph/TradingView
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Data from Cointelegraph Markets Pro and TradingView showed BTC price volatility returning at the Wall Street open.
BTC/USD displayed uncertain trading behavior in line with US stocks as the second revision of US Q4 GDP came in above the median forecast of 2.3%.
At the same time, initial jobless claims fell short of estimates, potentially emboldening more hawkish financial policy from the Federal Reserve in the form of higher interest rates.
However, the main talking point among market commentators was tariffs on non-US-made cars imposed by President Donald Trump. These added to existing concerns over a <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-sights-on-90k-spoofy-resistance-btc-price-boost"