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According to COINOTAG News, dated March 12th, the European Union’s recent retaliatory tariff measures have further complicated the macroeconomic landscape, causing a significant uptick in Bitcoin price volatility. Aurelie Barthere, Chief Research Analyst at Nansen, suggests that both traditional financial markets and the cryptocurrency sector could face restrictions due to ongoing tariff discussions that are expected to last until at least April 2nd. The potential for prolonged tariff-related dialogues may continue to stifle overall market confidence and dampen risk appetite. Barthere remarked on the stability observed yesterday, noting that major U.S. stock indices and BTC were momentarily holding steady at their respective RSI lows. As the situation unfolds, investors and analysts alike are closely monitoring the potential impacts on both the crypto and traditional markets.
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