Wild Market Swings on Tariff News Send Bitcoin on Rollercoaster Ride

Markets were thrown into chaos Monday after a report hinted at a possible 90-day delay on President Trump’s sweeping tariffs—excluding China. The rally that followed was short-lived, as the White House swiftly denied the claim, labeling it “fake news.”

The Nasdaq experienced a rollercoaster session, plunging 5%, then rebounding into positive territory, only to close flat—all within an hour and a half. The sharp intraday reversal showcased just how reactive investors have become to trade-related headlines.

Crypto didn’t escape the frenzy. Bitcoin (BTC) rocketed from $74,400 to above $80,000, before settling back at $79,000. It remains down 4.3% over the past 24 hours. Ethereum (ETH) and XRP also stayed in the red, down 11% and 9.3% respectively.

In the midst of the turmoil, European Commission President Ursula von der Leyen struck a more constructive tone, saying the EU is “ready to negotiate,” even floating a zero-for-zero tariff deal on industrial goods.

President Trump remained defiant, touting a wave of interest from global partners. “Countries from all over the world are talking to us,” he said, adding that Japan is sending a “top team” to the table.

The episode offered a sharp reminder: in this market, even a whisper can spark a stampede.