Bitcoin and Stocks Pump, Then Dump on False Report of 90-Day Tariffs Pause
Portfolio Pulse from
A false report about a potential 90-day tariff pause, initially attributed to White House economic advisor Kevin Hassett, caused sudden market movements. Major cryptocurrencies like Bitcoin and stocks experienced rapid price surges followed by sharp declines after the report was debunked as 'fake news' by the White House.
April 07, 2025 | 3:30 pm
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NEUTRAL IMPACT
Bitcoin experienced significant price volatility, jumping from below $76,000 to $80,818 in 35 minutes before dropping back to $78,565, reflecting market sensitivity to unverified news.
The false report caused immediate and significant price movements in Bitcoin, demonstrating how quickly market sentiment can shift on unverified information. The rapid price swings indicate high market uncertainty and reactivity.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 100