Today in crypto, the European Union’s latest retaliatory tariffs have deepened macroeconomic uncertainty, prompting crypto analysts to forecast increased volatility for Bitcoin prices, a bill for the US to buy 1 million Bitcoin was reintroduced to Congress, and the EU is scrutinizing OKX for a service that could’ve helped the Bybit hackers.
EU retaliatory tariffs threaten Bitcoin correction to $75,000
The EU’s latest retaliatory tariffs have deepened macroeconomic uncertainty, prompting crypto analysts to forecast increased volatility for Bitcoin (BTC) prices, which may drop below the critical $75,000 support level.
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.
This move is the latest retaliatory tariff announcement