Bitcoin price briefly rises but drops below $80K due to Trump's Canada tariffs

From Cointelegraph

March 11, 2025 10:44:46 AM:

Bitcoin (BTC) experienced a 7% rebound but cooled after Wall Street open, facing market jitters. Data showed BTC/USD hitting local highs of $82,154 on Bitstamp before consolidating amid fresh tariffs letdown. US JOLTS job openings data slightly overshot expectations, while Trump’s tariffs on Canada led to stock market volatility. The S&P 500 traded down 0.5% as Trump’s term saw a contrasting start. The US dollar index (DXY) dropped to its lowest level since October 2024. BTC/USD at a crossroads with possible new price lows. Traders remain cautious as support and resistance levels are monitored for potential market direction. Popular trader noted a strong reaction at the 50-week SMA, suggesting possible market stability.

Read more at Cointelegraph: Bitcoin dips below $80K as Trump Canada tariffs halt BTC price comeback