Bitcoin's price briefly rebounded past $82,000 but fell again following a new tariff announcement from US President Donald Trump on Canada, pushing crypto and risk assets lower. After touching local highs of $82,154 on Bitstamp, BTC/USD experienced a 7% drop after the Wall Street open. The S&P 500 was down 0.5% amid rising market volatility. Analysts noted that Trump’s actions have impacted risk assets significantly, with the S&P 500 seeing a decline since mid-January this year, contrasting with its earlier rise during his first term. Despite this turmoil, some analysts pointed to lower 10-year Treasury yields and a weakening US dollar as potential positive indicators for crypto and equities. Current analysis suggests Bitcoin may face new long-term lows, while support at the 50-week simple moving average near $75,500 remains key. Traders are on the lookout for confirmation of price trends, with uncertainty dominating the market dynamics.

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