{"id":3780,"date":"2025-04-08T17:00:34","date_gmt":"2025-04-08T17:00:34","guid":{"rendered":"https:\/\/coinstrend.net\/blog\/bitcoin-whipsaws-on-fake-tariff-bombshell-news\/"},"modified":"2025-04-08T17:00:34","modified_gmt":"2025-04-08T17:00:34","slug":"bitcoin-whipsaws-on-fake-tariff-bombshell-news","status":"publish","type":"post","link":"https:\/\/coinstrend.net\/blog\/bitcoin-whipsaws-on-fake-tariff-bombshell-news\/","title":{"rendered":"Bitcoin Whipsaws On Fake Tariff Bombshell News"},"content":{"rendered":"

Speculation over a purported White House plan to pause tariffs for ninety days on all countries except China sent markets into a frenzy earlier today, triggering abrupt price reversals across equities, Bitcoin and cryptocurrencies. In a quick-fire series of conflicting updates, the rumor initially floated at around 10:10 AM ET, sparked momentum in risk assets, and was eventually deemed \u201cfake news\u201d by the White House.<\/p>\n

The Kobeissi Letter (@KobeissiLetter) described<\/a> the chronology on X, noting: \u201cWhat just happened? At 10:10 AM ET, rumors emerged that the White House was considering a \u201890-day tariff pause.\u2019 At 10:15 AM ET, CNBC reported that Trump is considering a 90-day pause on tariffs for ALL countries except for China. By 10:18 AM ET, the S&P 500 had added over +$3 TRILLION in market cap from its low.\u201d<\/p>\n

However, only seven minutes later, at 10:25 AM ET, reports emerged that the White House was \u2018unaware\u2019 of Trump considering a 90-day pause. \u201cAt 10:26 AM ET, CNBC reports that the 90-day tariff pause headlines were incorrect. At 10:34 AM ET, the White House officially called the tariff pause headlines \u2018fake news.\u2019 By 10:40 AM ET, the S&P 500 erased -$2.5 TRILLION of market cap from its high, 22 minutes prior. Never in history have we seen something like this,\u201d The Kobeissi Letter writes.<\/p>\n

The mere suggestion of a temporary reprieve from tariffs managed to shift sentiment rapidly in both equity and crypto markets. BTC, which was trading around $75,805 at the time, soared by roughly 7.2% to surpass $81,200 within half an hour. Once confirmation arrived that no such pause was planned, the gains evaporated almost as fast as they had arrived, pulling Bitcoin back to roughly $77,560.<\/p>\n

The abrupt turn of events unleashed a wave of commentary among crypto observers. Pentoshi (@Pentosh1) remarked that \u201cThe fake news tweet showed there\u2019s a lot of sidelined capital at least for relief rally and the risk is to the upside on any positive news at least temporarily.\u201d<\/p>\n

Will Clemente III cautioned: \u201cBear take: Liquidity is bad and this volatility might break something. Bull take: This headline was the cointelegraph intern BTC ETF headline but for equities.\u201d<\/p>\n

Julio Moreno, Head of Research at CryptoQuant, remarked that \u201cBitcoin\u2019s current price drawdown is about to become the largest of the current cycle,\u201d illustrating his point with a chart that showed BTC\u2019s correction reaching -26.62%, matching the scale of August 2024\u2019s correction.<\/p>\n

\"Bitcoin<\/p>\n

Macro analyst Alex Kr\u00fcger (@krugermacro) stagflation are so low you can just brush them off. Trump opened up the left tail => anything is possible. We are one headline away from a 7% candle in either direction.\u201d<\/p>\n

Podcast host Felix Jauvin (@fejau_inc) agrees: \u201cWhat’s so crazy about this crash vs other is its entirely self-willed and could be reversed in an instant on one tweet. Has there ever been anything like that?\u201d<\/p>\n

In the midst of the turmoil, European Union Commissioner Ursula von der Leyen reaffirmed a willingness to seek solutions, stating, \u201cEurope is ready to negotiate with the US,\u201d including the possibility of zero-for-zero tariffs on industrial goods.<\/p>\n

At press time, BTC traded at $78,824.<\/p>\n

\"Bitcoin<\/p>\n","protected":false},"excerpt":{"rendered":"

Speculation over a purported White House plan to pause tariffs for ninety days on all countries except China sent markets into a frenzy earlier today, triggering abrupt price reversals across equities, Bitcoin and cryptocurrencies. In a quick-fire series of conflicting updates, the rumor initially floated at around 10:10 AM ET, sparked momentum in risk assets,…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[84],"tags":[36,35,85,42,86,87,273,2139,2140],"class_list":["post-3780","post","type-post","status-publish","format-standard","hentry","category-bitcoin","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-donald-trump","tag-tariff-news","tag-trump-tariff-news"],"_links":{"self":[{"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/posts\/3780","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/comments?post=3780"}],"version-history":[{"count":0,"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/posts\/3780\/revisions"}],"wp:attachment":[{"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/media?parent=3780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/categories?post=3780"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/tags?post=3780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}