Bitcoin's brief rebound above $82,000 ended abruptly due to renewed US tariffs on Canada announced by President Donald Trump, causing crypto and other risk assets to falter. After reaching a peak of $82,154 on Bitstamp, Bitcoin's price consolidated as US JOLTS job openings data came in slightly above expectations, but the tariffs announcement ultimately overshadowed market sentiment. The S&P 500 index dropped by 0.5%, highlighting increased volatility in stock markets amid tariff concerns. Analysts from QCP Capital noted that while recession risks complicate the outlook for risk assets, lower Treasury yields and a weakened US dollar could offer some potential positives for equities and cryptocurrencies. Meanwhile, Bitcoin's price remains precarious, with technical analysis suggesting it could revisit long-term lows if resistance levels hold. Support appeared at $75,500, with traders anticipating a breakout to confirm a new low or a potential decline to new depths if bearish sentiment prevails.

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