Bitcoin Whipsaws As Trillions In Market Value Are Erased On Fake Tariff Pause Rumor
Portfolio Pulse from
A false report about a potential 90-day tariff pause caused significant market turbulence, with the S&P 500 ETF and Bitcoin experiencing sharp price swings. The unverified post on X, initially picked up by CNBC and Reuters, was quickly debunked by the White House, leading to rapid market corrections.
April 07, 2025 | 4:30 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The SPY ETF saw dramatic price movements, rising above $520 and then tumbling below $495 after the tariff pause rumor was debunked, representing approximately $2 trillion in market value loss.
The false headline triggered significant algorithmic trading, causing a sharp decline in the SPY ETF's value due to market uncertainty and rapid sell-offs.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90
NEUTRAL IMPACT
Bitcoin experienced rapid price fluctuations, surging from $77,500 to $80,800 within minutes before correcting back to around $78,000 after the rumor was invalidated.
The cryptocurrency market demonstrated high volatility, with Bitcoin quickly reacting to and then reversing gains based on the unsubstantiated news, indicating market sensitivity.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85