The latest news on the Trade War front caused another volatile wave in the cryptocurrency market, as bitcoin and most altcoins surged impressively before they came crashing back down once again.<\/p>\n
This time, the volatility could also be attributed to a recent report that was quickly refuted.<\/p>\n
*WHITE HOUSE SAYS \u201cUNAWARE\u201d OF 90-DAY PAUSE RUMOR ATTRIBUTED TO WHITE HOUSE ADVISOR HASSETT<\/p>\n
WHITE HOUSE ADVISORS ARE SAYING 1 THING AND THE WHITE HOUSE IS SAYING SOMETHING ELSE<\/p>\n
WE NEED ADULTS IN THE WHITE HOUSE https:\/\/t.co\/OE4Ln9pWgv<\/a><\/p>\n \u2014 GURGAVIN (@gurgavin) April 7, 2025<\/a><\/p>\n\n The report in question indicated that the White House considered implementing a 90-day delay to the tariffs, which intensified last week. Recall that US President Trump slapped every country with a 10% tax, while China, the EU, and a few more got much larger percentages.<\/p>\n Instead, Washington became even more aggressive\u00a0in its stance against the world\u2019s second-largest economy.\u00a0According<\/a> to CNBC, Trump warned China that he would impose another 50% tax on it if Beijing didn\u2019t retract the 34% tariff it imposed on the US in<\/span>\u00a0retaliation.<\/p>\n Thus, the total tariffs against the Asian giant will surge to 104%, the White House confirmed.<\/p>\n Bitcoin reacted with immediate price volatility to the fake report and the actual one. After the massive drop<\/a> to $75,000 following the market-wide crash, the cryptocurrency skyrocketed to just over $81,000 (on Binance and Bitstamp).<\/p>\n However, that was short-lived, and the subsequent rebutal, as well as Trump\u2019s latest warning, led to just as violent a retracement that drove BTC below $79,000.<\/p>\n <\/a>BTCUSD. Source: TradingView<\/p>\n Wall Street reacted in a similar fashion, with immediate price declines after the opening bell. The past several trading days have been particularly painful. Just for reference, the S&P 500 is down by over 11% since Wednesday.<\/p>\n The post Bitcoin Rollercoaster as Trump Threatens China With Additional 50% Tariffs<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" The latest news on the Trade War front caused another volatile wave in the cryptocurrency market, as bitcoin and most altcoins surged impressively before they came crashing back down once again. This time, the volatility could also be attributed to a recent report that was quickly refuted. *WHITE HOUSE SAYS \u201cUNAWARE\u201d OF 90-DAY PAUSE RUMOR […]<\/p>\n","protected":false},"author":0,"featured_media":57433,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-57432","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/57432"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=57432"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/57432\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/57433"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=57432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=57432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=57432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![<\/a>BTCUSD. Source: TradingView<\/p>\nWall Street reacted in a similar fashion, with immediate price declines after the opening bell. The past several trading days have been particularly painful. Just for reference, the S&P 500 is down by over 11% since Wednesday.<\/p>\nThe post Bitcoin Rollercoaster as Trump Threatens China With Additional 50% Tariffs<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"The latest news on the Trade War front caused another volatile wave in the cryptocurrency market, as bitcoin and most altcoins surged impressively before they came crashing back down once again. This time, the volatility could also be attributed to a recent report that was quickly refuted. *WHITE HOUSE SAYS \u201cUNAWARE\u201d OF 90-DAY PAUSE RUMOR […]<\/p>\n","protected":false},"author":0,"featured_media":57433,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-57432","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/57432"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=57432"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/57432\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/57433"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=57432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=57432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=57432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/BTCUSD-8.png\"){kind=link}