Bitcoin Pops and Drops as Markets Swing Wildly on Tariff News
"Fake news," said White House Press Secretary Caroline Leavitt in response to the delay rumor.
The swing touched cryptos as well, with bitcoin (BTC) rising from the $74,400 to above $80,000 before retreating back to $79,000, still lower by 4.3% over the past 24 hours. Ether (ETH) remains lower by more than 11%, while XRP is down 9.3%.
Amid the ongoing market panic, there are some green shoots though, with European Union Commissioner Ursula von der Leyen saying, "Europe is ready to negotiate with the U.S.," including offering zero-for zero tariffs on industrial goods.
President Trump, meanwhile, said, "Countries from all over the world are talking to us," and claimed Japan is sending a "top team" to negotiate.
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