European Union’s New Retaliatory Tariffs Could Pull Bitcoin Prices Below $75,000

The European Union’s latest retaliatory tariff move has deepened macroeconomic uncertainty, prompting crypto analysts to predict that Bitcoin prices could drop below the critical $75,000 support level, increasing volatility.

On March 12, the European Commission announced it would impose tariffs on $28 billion worth of US goods starting in April, in response to US President Donald Trump’s move to introduce a 25% tariff on steel and aluminum imports.

This move marks the latest retaliatory tariff announcement in response to US import tariffs, potentially triggering renewed trade war concerns and market volatility in the short term.

Marcin Kazmierczak, co-founder and COO of RedStone, a blockchain oracle solution firm, said, “Counter tariffs aren’t a positive signal as they suggest a potential bounce back from the other side again.”

Kazmierczak added, “This may cause Bitcoin to revisit $75,000, but with stablecoins and RWAs [real world assets] remaining at all-time highs, there is potential for a rebound.”

“I don’t believe this news will have a strong impact for now, but we’ll observe the response from the US side,” he added.

Bitcoin Prices May Fluctuate Due to Uncertainty

Other analysts predict a short-term retracement below $72,000 in the current bull market cycle before Bitcoin heads higher.

However, Ryan Lee, Chief Analyst at Bitget Research, noted that import tariffs are not the only factor affecting Bitcoin prices and added:

“Prices are correlated with broader economic conditions but are also influenced by factors beyond trade policies. Worldwide institutional adoption, regulatory updates, and high utility make Bitcoin more resilient than traditional financial instruments.”

Following the 25% additional tariffs on all steel and aluminum imports from the US, Europe announced its retaliatory tariffs. The EU’s current suspension on US goods will end on April 1, and the new tariffs will take full effect by April 13.Uncertainty surrounding trade tariffs could limit markets until April 2. Aurelie Barthere, principal research analyst at Nansen, stated, “Tariff noise is likely to continue until after April 2, and reciprocal tariff announcements and negotiations will put a lid on risk appetite.”

Barthere added, “However, we observed tentative stabilization in the major US equity indexes and BTC yesterday, at the low of their respective RSI, which we are monitoring.”

Trump has threatened to “substantially increase” duties on cars entering the US from Canada starting on April 2, unless Canada drops some of its trade tariffs.

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