The White House has denied reports suggesting a 90-day pause in tariffs, labeling them as "fake news". The rumors appear to have stemmed from misinterpretations of comments made by Kevin Hassett, Trump's economic advisor, during an interview. The administration has reaffirmed its commitment to the current tariff strategy.
The cryptocurrency market has been quite volatile following the White House's denial of the 90-day tariff pause. Here's how Bitcoin and Ethereum are reacting:
Bitcoin: $BTC After briefly rallying to $81,000 on the rumor of a tariff pause, has since dropped back to around $79,000, marking a 4.3% decline over the past 24 hours. The denial has added to market uncertainty, causing fluctuations in its price.
Ethereum: $ETH has experienced a sharper decline, falling by over 11% to approximately $1,590. This drop reflects broader concerns in the crypto market, as investors move away from riskier assets amid economic instability.
The market sentiment seems to be leaning towards caution, with traders closely monitoring developments. Let me know if you'd like to explore other cryptocurrencies or trends!
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