Major cryptocurrencies, including Bitcoin and Ethereum, experienced a brief surge in prices after a report suggested that President Trump was considering a 90-day pause on global tariffs. This news triggered a rise in market sentiment; Bitcoin jumped to $80,818 in just 35 minutes before rapidly declining. The White House soon clarified that such reports were 'fake news,' leading to a sharp price drop as gains evaporated. Bitcoin fell to as low as $74,500, reflecting market panic and uncertainty over trade tensions. Notably, Ethereum and XRP also fluctuated, briefly spiking before settling lower. The incorrect report, stemming from a mischaracterized interview with economic advisor Kevin Hassett, was widely disseminated on social media, illustrating the impact of misinformation on market dynamics. The major stock indices initially rallied but also reverted to losses, underscoring the volatility in response to ambiguous economic signals.

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