Bitcoin Whipsaws As Trillions In Market Value Are Erased On Fake Tariff Pause Rumor
Posted On April 7, 2025
A false report claiming the Trump administration was preparing a 90-day pause on tariffs triggered a wave of volatility across U.S. equity and crypto markets on Monday.
What Happened: The confusion began when an unverified post on X suggesting a temporary tariff halt made its way to CNBC’s headline feed without confirmation.
The headline was later picked up by Reuters, further amplifying the misleading report.
The White House quickly denied the claim, telling CNBC that no such policy was under …
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