Bitcoin Surges and Falls Amid Market Chaos Over Tariff Rumors
Markets went on a rollercoaster ride Monday after a report suggested a potential delay in U.S. tariffs — a rumor swiftly denied by the White House.
By Krisztian Sandor | Edited by Stephen Alpher
Updated: April 7, 2025 | Published: April 7, 2025
Markets experienced extreme volatility on Monday, sparked by speculation that the U.S. government might delay the implementation of new tariffs. Bitcoin (BTC) and stock indices alike saw massive swings before the White House denied the reports, sending prices back in the other direction.
Bitcoin soared to over $80,000, recovering sharply from a low of $74,400, only to settle back near $79,000—still down 4.3% over the past 24 hours. Other major cryptocurrencies weren’t spared, with Ether (ETH) dropping over 11% and XRP falling 9.3%.
The broader market mirrored crypto’s wild ride. The Nasdaq index swung from a 5% loss to a 5% gain, before settling flat. ThBitcoin Surges and Falls Amid Market Chaos Over Tariff Rumors
Markets went on a rollercoaster ride Monday after a report suggested a potential delay in U.S. tariffs — a rumor swiftly denied by the White House.
By Krisztian Sandor | Edited by Stephen Alpher
Updated: April 7, 2025 | Published: April 7, 2025
Markets experienced extreme volatility on Monday, sparked by speculation that the U.S. government might delay the implementation of new tariffs. Bitcoin (BTC) and stock indices alike saw massive swings before the White House denied the reports, sending prices back in the other direction.
Bitcoin soared to over $80,000, recovering sharply from a low of $74,400, only to settle back near $79,000—still down 4.3% over the past 24 hours. Other major cryptocurrencies weren’t spared, with Ether (ETH) dropping over 11% and XRP falling 9.3%.
The broader market mirrored crypto’s wild ride. The Nasdaq index swung from a 5% loss to a 5% gain, before settling flat. The cause? A report suggesting President Trump might pause tariffs on all countries except China for 90 days—a claim promptly labeled “fake news” by White House Press Secretary Caroline Leavitt.
Amid the confusion, some signs of optimism emerged. European Commission President Ursula von der Leyen expressed willingness to negotiate, saying the EU is open to “zero-for-zero” tariffs on industrial goods.
President Trump also struck a diplomatic tone, saying, “Countries from all over the world are talking to us,” and noted that Japan is sending a “top team” for trade discussions.e cause? A report suggesting President Trump might pause tariffs on all countries except China for 90 days—a claim promptly labeled “fake news” by White House Press Secretary Caroline Leavitt.
Amid the confusion, some signs of optimism emerged. European Commission President Ursula von der Leyen expressed willingness to negotiate, saying the EU is open to “zero-for-zero” tariffs on industrial goods.
President Trump also struck a diplomatic tone, saying, “Countries from all over the world are talking to us,” and noted that Japan is sending a “top team” for trade discussions.
