It has been a wild ninety minutes in markets, with the Nasdaq swinging from a few 5% loss to a 5% achieve after which returning to flat in very fast order on a narrative — later denied by the White Home — that President Trump was contemplating a ninety-day delay within the implementation of his tariff regime for all international locations besides China.
“Fake news,” mentioned White Home Press Secretary Caroline Leavitt in response to the delay rumor.
The swing touched cryptos as properly, 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 continuing 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, mentioned, “Countries from all over the world are talking to us,” and claimed Japan is sending a “top team” to barter.
