Bitcoin May Drop to $75,000 Due to EU Tariffs, Experts Warn

The implementation of EU retaliatory tariffs in response to US trade duties could trigger a decline in the leading cryptocurrency below $75,000, according to Cointelegraph.

On March 12, President Donald Trump’s administration imposed a 25% tariff on steel and aluminum imports from most trading partners. 

In response, the European Commission announced the full reinstatement of countermeasures from April 1, originally adopted after similar actions by Trump in 2018. As the new tariffs cover a larger sum of goods, the European retaliatory duties will affect €18 billion worth of American imports. The full package will take effect in mid-April.

“Counter tariffs are not a positive signal as they imply a potential response from the other side,” said RedStone co-founder Marcin Kazmierczak.

Against this backdrop, Bitcoin could once again fall to $75,000. However, “considering that stablecoins and RWAs remain at historical highs, it has the potential for recovery,” the expert added.

“I don’t think this news will have a strong impact on the situation at the moment, but we’ll see how the US reacts,” he noted.

Nansen analyst Aurelie Barter also believes that until April 2, “tariff noise” regarding mutual tariffs and negotiations will limit investors’ risk appetite. By this date, Trump has also threatened to “significantly increase” tariffs on cars imported from Canada.

Meanwhile, Barter noted that since the beginning of the week, major US stock indices and Bitcoin have stabilized at the lows of their RSI indicators.

In her view, a potential correction of the leading cryptocurrency to the $71,000-72,000 range would be an organic part of a macro correction in the current bull market. Alongside traditional assets, digital gold is under pressure due to uncertainty regarding the Fed rate cut and recession fears.

More Than Just Tariffs

Bitget Research’s chief analyst Ryan Lee also believes that import tariffs are not the only factor influencing Bitcoin’s rate: 

“Prices correlate with broader economic conditions, but they are also influenced by factors beyond trade policy. Global institutional adoption, regulatory framework improvements, and high resilience make it more robust than traditional financial instruments.”

CryptoQuant specialists noted that since the start of Trump’s second term, the S&P 500 index has fallen by 9%—the worst start to a presidency since 2009.

How is the market reacting to Trump’s second term?

Since his return, the S&P 500 has fallen 9%, marking the worst start to a presidency since 2009.

Back then, a recession drove the drop. This time, uncertainty is in the driver’s seat.

Let’s dive into the data ?? pic.twitter.com/A10F0qtweB

— CryptoQuant.com (@cryptoquant_com) March 12, 2025

“Back then, a recession caused the drop. This time, uncertainty is the driver,” they stated.

However, for one of the main US stock indices, historically any declines have been temporary while maintaining an overall positive trend. Bitcoin correlates with the S&P 500, reflecting the stock market’s ups and downs, CryptoQuant experts stated.

As reported, former BitMEX CEO Arthur Hayes does not rule out a collapse of the leading cryptocurrency to $70,000, while also considering its long-term growth to $1 million.