Economic uncertainty looms as the EU imposes new tariffs on US goods, potentially impacting Bitcoin's price.
New EU Tariffs and Their Impact on Bitcoin
The European Union has announced tariffs totaling 26 billion euros ($28 billion) in response to US tariffs on steel and aluminum. This adds macroeconomic uncertainty which is likely negative for Bitcoin, experts suggest.
Analysts Warn of Risks
Experts like Aurelie Barthere from Nansen suggest that the new wave of tariffs could limit Bitcoin's price recovery and increase volatility, potentially sending the price below the $75,000 support level. RedStone co-founder Marcin Kazmierczak also noted that reciprocal tariffs increase the risk of a price drop.
Additional Factors Affecting Bitcoin Price
However, in recent comments, Bitget Research chief analyst Ryan Lee emphasized that tariffs are not the only factor. Factors such as institutional adoption, regulatory changes, and high utility also play roles in determining prices.
The economic situation remains unstable, and upcoming tariff changes may significantly impact Bitcoin's price. Despite tariff wars, other significant factors could also influence its resilience.
