Why Did Bitcoin Price (BTC) Swing Nearly 10% in Minutes?

It’s been a wild ninety minutes in markets, with the Nasdaq swinging from a couple of 5% loss to a 5% achieve after which returning to flat in very fast order on a narrative — later denied by the White House — that President Trump was contemplating a ninety-day delay in the implementation of his tariff regime for all international locations besides China.

“Fake news,” stated White House Press Secretary Caroline Leavitt in response to the delay rumor.

The swing touched cryptos as effectively, with bitcoin (BTC) rising from the $74,400 to above $80,000 earlier than retreating again to $79,000, nonetheless decrease by 4.3% over the previous 24 hours. Ether (ETH) stays decrease by greater than 11%, whereas XRP is down 9.3%.

Amid the continued market panic, there are some inexperienced shoots although, with European Union Commissioner Ursula von der Leyen saying, “Europe is ready to negotiate with the U.S.,” together with providing zero-for zero tariffs on industrial items.

President Trump, in the meantime, stated, “Countries from all over the world are talking to us,” and claimed Japan is sending a “top team” to barter.