Fake rumors about tariffs being postponed boost the crypto market, ready for a big jump

According to observers, the recent fake news that U.S. President Donald Trump is considering a 90-day tariff suspension indicates the potential for a strong recovery in the crypto market if this move actually happens.

A false news post on X on April 7 from the account “Walter Bloomberg” claimed that the White House is considering a 90-day delay in tariffs following an interview with Kevin Hassett, one of Donald Trump’s economic advisors.

“Hassett: Trump is considering a 90-day suspension of tariffs on all countries except China,” the post has now been deleted.

This account has a verification mark and 852,000 followers, which has caused a stir after rumors were accidentally broadcast on CNBC and then amplified by Reuters.

The S&P 500 index surged more than 8% from its intraday low, the Nasdaq rose 9.5% in less than an hour, and the Dow Jones increased by 7%, adding trillions to the stock markets.

The price of Bitcoin also surged similarly, rising by 6.5% and reaching over $80,000 in a short time before decreasing again.

The official “Rapid Response” account of the White House quickly clarified on X that this is fake news and the market began to decline again.

The market is ready to explode in the blink of an eye

Although the rumors have been revealed as false, YouTuber Lark Davis stated that this incident has revealed some important things about the market.

In your opinion, the crypto market is ready to accept lengthy negotiations with China as long as most agreements can be resolved.

“The market is ready to explode, even if just the dull news of a 90-day delay is enough to spike it. Now, imagine what will happen when dozens of deals are signed with major partners like India, Canada, and the United Kingdom. A lot of money is still waiting and ready to pour into the market immediately.”

“Fake news can actually make Trump, Navarro, and Lutnick more confident to continue pushing this strategy. Now they know that any time they can announce a pause, the market will rise about 10% in one day,” commented X user Geiger Capital.

What really happened in the interview with Hasset**?**

Fox News asked Hasset whether Trump is considering a 90-day delay on tariffs and received an unclear response.

“I think the President will decide what the President will decide. Even if you think there will be some negative impact from trade, it is still just a small part of GDP. The idea that this will lead to a nuclear winter or something similar is a completely irresponsible statement.”

Right after the post about the 90-day tariff suspension was deleted, Trump took to the social media platform Truth Social to threaten China with higher tariffs.

“If China does not retract the 34% increase from its long-standing trade abuses before April 8, the United States will impose an additional 50% tariff on China, effective April 9,” he said.

Disclaimer*: The article is for informational purposes only and is not investment advice. Investors should conduct thorough research before making decisions. We are not responsible for your investment decisions*

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Dinh Dinh

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