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Bitcoin Whipsaws On Fake Tariff Bombshell News

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Bitcoin Whipsaws On Fake Tariff Bombshell News - NewsBTC

Quick Summary:

By 10:18 AM ET, the S&P 500 had added over +$3 TRILLION in market cap from its low.” Related Reading: Understanding Bitcoin Struggles: Why Realized Cap Indicates A Bear Market However, only seven minutes later, at 10:25 AM ET, reports emerged that the White House was unaware’ of Trump considering a 90-day pause.

Bull take: This headline was the cointelegraph intern BTC ETF headline but for equities.” Related Reading: Bitcoin’s Bullish Fate Hinges On These 2 Resistance Zones – Details Julio Moreno, Head of Research at CryptoQuant, remarked that "Bitcoin’s current price drawdown is about to become the largest of the current cycle,” illustrating his point with a chart that showed BTC’s correction reaching -26.62%, matching the scale of August 2024’s correction.

At 10:10 AM ET, rumors emerged that the White House was considering a 90-day tariff pause.’ At 10:15 AM ET, CNBC reported that Trump is considering a 90-day pause on tariffs for ALL countries except for China.


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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-08 @ 05:00:48 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 553 words

Reading Time: 4 minutes read

Sentences: 70 lines

Sentence Length: 8 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 27708108

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About NewsBTC

NewsBTC Logo

Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 5 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 9 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

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