Bitcoin Fluctuates as Markets Experience Volatility Due to Tariff News

Key Points:

• Speculation over a possible delay in Trump’s tariffs caused significant market fluctuations during early U.S. trading on Monday.

• Bitcoin spiked above $80,000, recovering from a dip to $74,400, while the Nasdaq reversed course from nearly a 5% loss to a 5% gain.

• The White House dismissed the rumor, leading to another shift in market prices.

Markets experienced extreme volatility over a span of ninety minutes, with the Nasdaq fluctuating from a 5% loss to a 5% gain before returning to flat. This followed a story — later refuted by the White House — claiming that President Trump was considering a ninety-day delay in his tariff policies for all countries except China.

"Fake news," White House Press Secretary Caroline Leavitt stated in response to the rumor.

The market fluctuations also impacted cryptocurrencies, with Bitcoin (BTC) rising from $74,400 to above $80,000 before pulling back to $79,000, still down 4.3% in the last 24 hours. Ether (ETH) remains down over 11%, while XRP has dropped 9.3%.

Despite the ongoing market turmoil, there are some positive signs, with European Union Commissioner Ursula von der Leyen stating, "Europe is ready to negotiate with the U.S.," and offering zero-for-zero tariffs on industrial goods.

President Trump, on the other hand, stated, "Countries from around the globe are reaching out to us," and mentioned that Japan is sending a "top team" for negotiations.