#ultimahora Bitcoin and stocks deflate due to new tariff drop

Data from Cointelegraph Markets Pro and TradingView followed the BTC/USD pair as it touched local highs of USD 82,154 on Bitstamp before consolidating.

U.S. JOLTS job openings data slightly exceeded expectations, but it was the confirmation of new trade tariffs on Canada by U.S. President Donald Trump that ruined the relief for risk assets.

Thus, the S&P 500 was trading down 0.5% on the day at the close of this edition, while stock indices continued to show volatility.

"The S&P 500 was up +5% at this point in Trump's first term. In contrast, it has now fallen -7% since January 20," noted the trading resource The Kobeissi Letter as part of a reaction on X.