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Recent fake news that US President Donald Trump was considering a 90-day pause in tariffs shows the potential for a strong market rebound should a real one take place, according to observers. A fake news post on X on April 7 from the verified “Walter Bloomberg” account claimed that the White House was considering a 90-day pause on tariffs following an interview with Kevin Hassett, one of Donald Trump’s economic advisers. “Hassett: Trump is considering a 90-day pause in tariffs for all countries except China,” read the now-deleted post from the user, who is not affiliated with Bloomberg News. The account, which has a verified badge and 852,000 followers, caused quite a stir after the rumor was mistakenly aired as a banner on CNBC and then amplified by Reuters. The SP 500 spiked more than 8% from its low on the day in reaction, the Nasdaq added 9.5% in less than an hour and the Dow Jones pumped 7%, adding trillions to stock markets. Bitcoin ( BTC ) prices saw a similar spike, with the asset pumping 6.5% to top $80,000 briefly before falling back again. The official White House “Rapid Response” account quickly posted on X that this was fake news, and markets began to dump again. #BTC #fakenews #tarrif #pump

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Web3 banking is flipping the script — and #Vaulta is leading the charge. No more locked funds, no hidden fees, no centralized delays. With Vaulta, you're not just a user — you're the owner. Real-time access, self-custody, and transparency that traditional banks can’t match. This is what financial freedom truly looks like. #Vaulta

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Web3 banking is flipping the script — and #Vaulta is leading the charge. No more locked funds, no hidden fees, no centralized delays. With Vaulta, you're not just a user — you're the owner.

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JUST IN: $1,400,000,000 liquidated from the Bitcoin $BTC and crypto market in the past 24 hours.

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Binance Market Update: Crypto Market Trends | May 3, 2025

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