The selling pressure experienced yesterday and today caused Bitcoin and altcoins to decline to levels not seen for a long time.
Bitcoin, which fell below $75,000, experienced a major movement of approximately $6,000 due to the developments in the last minutes.
Accordingly, it was first claimed that White House Economic Advisor Kevin Hassett said, “US President Donald Trump will suspend tariffs for all countries except China for 90 days.”
With this news, the S&P 500 and Nasdaq rose, while Bitcoin and altcoins also moved upwards. After these claims, Bitcoin rose above $81,000, but it was later stated that this news was not true.
CNBC reported that no one in the White House was aware of the 90-day tariff reprieve.
While the news of the 90-day suspension was stated to be fake news, Bitcoin started to fall again.
BTC price dropped to $78,000 levels.
CNBC recently reported that the White House denied the tariff suspension report.
“White House says 90-day pause on tariffs is 'fake news.'”
*This is not investment advice.
