Bitcoin News: Markets Steady Amid Trump’s Tariff Threats to EU and Canada

In a recent development, President Donald Trump has issued a threat of imposing larger tariffs on the European Union (EU) and Canada, should they collaborate to economically harm the United States. Despite this looming uncertainty, financial markets, including Bitcoin (BTC), have remained stable.

Trump Threatens Bigger Tariffs on EU and Canada, Markets Remain Steady

President Donald Trump has threatened bigger import tariffs against the European Union (EU) and Canada if they worked together to do economic harm to the U.S. Trump stated in a late Wednesday night post on Truth Social that if the EU and Canada collaborated to harm the U.S. economically, far larger tariffs than currently planned would be imposed on both. Despite this new threat, financial markets remained steady, with BTC staying below $88,000. Germany’s DAX futures fell 0.3%, while Wall Street counterparts traded flat to positive. The resilience in the market is likely due to Federal Reserve Chairman Jerome Powell’s recent indication that inflationary pressures are being monitored.

GameStop Announces $1.3 Billion Debt Offering to Fund Bitcoin Acquisition

GameStop Corp. (NYSE: GME) has unveiled plans for a significant $1.3 billion private offering of convertible senior notes, just a day after announcing its foray into Bitcoin as a treasury reserve asset. The company intends to use the net proceeds for general corporate purposes, including the acquisition of Bitcoin. GameStop will grant the initial purchasers an option to buy an additional $200 million in notes. These notes will mature on April 1, 2030, unless converted, redeemed, or repurchased earlier. Upon conversion, GameStop will have the option to pay or deliver cash, shares of its Class A common stock.

Bitcoin at $85K: Long-Term Holders Gain Strength

Bitcoin’s price continues to hover around $85,000, with demand remaining weak. Realized profit and loss volumes have dropped significantly by 85% from the $109,000 all-time high, indicating a shift in investor sentiment. Short-term holders are facing rising financial pressure due to losses incurred from entering at higher prices. Meanwhile, long-term holders are accumulating Bitcoin, gaining strength as weak hands exit. Market conditions suggest a potential capitulation event if selling pressure intensifies.

Crypto News Today, 27th March: Bitcoin Price Today and More

Over the past three days, Bitcoin has seen a balance between Long and Short positions, with Longs slightly ahead. However, Longs have clearly dominated over the past week. Major liquidation zones are around $89K and below $83K. No matter which way Bitcoin moves next, many traders are expected to face liquidations due to heavy positioning NEAR these key levels.

French Blockchain Giant Acquires 580 BTC, Achieves 709.8% Yield

The Blockchain Group, a French blockchain company, has announced the acquisition of 580 BTC for approximately €47.3 million ($50.8 million), boosting its total Bitcoin holdings to 620 BTC. This significant move underscores the company’s strong commitment to the growing cryptocurrency market. The acquisition was made at a price of approximately €81,550 per bitcoin, resulting in a year-to-date (YTD) yield of 709.8% for the group’s BTC holdings.