Bitcoin is undergoing significant volatility in the market as signals from the White House suggest possible tariff relief, excluding China.
On Monday, Bitcoin (BTC) exceeded the $81,000 threshold, rising 1.74% within a mere five minutes after economic adviser Kevin Hassett reportedly stated that President Trump might consider a 90-day tariff suspension for all nations except China.
Prior to breaking through resistance, BTC was trading within the $76,000 – $78,000 range, before reaching $81,203.39, as per data from crypto.news.
This sharp increase mirrored a swift rebound in U.S. equity futures, with the S&P 500 jumping 7% shortly after the announcement.
The sudden surge raises questions regarding the recent pressure seen in risk assets. One crypto analyst on X noted, “Could all the selling have been this fragile? That it can be reversed so quickly? Intriguing.”
Unverified Rumor
In spite of the optimistic outlook, the rumor remains unverified. A report shortly after the spike indicated that “no one at the White House is aware of a 90-day tariff delay,” which raises skepticism about the initial news that initiated the price jump.
Traders are now eagerly awaiting any form of official confirmation. Until then, the movement in prices may be more indicative of speculation than reality. An observer pointed out that the rapidity of the rally highlights just how sensitive the markets are to even the slightest hints of policy changes — even those that might not be valid.