Bitcoin Jumps and Dives as Global Markets React to Trade War Escalation

A brief but intense burst of volatility swept through global markets Monday after a report circulated suggesting President Trump was considering a 90-day delay in implementing new tariffs—excluding China. The White House quickly denied the claim, but not before markets experienced dramatic swings.

The Nasdaq swung from a 5% loss to a 5% gain and back to flat in just over an hour, underscoring the current fragility of investor sentiment. White House Press Secretary Caroline Leavitt dismissed the report as “fake news,” putting an end to the speculation.

Cryptocurrencies were caught in the crosscurrents as well. Bitcoin (BTC) briefly surged from $74,400 to over $80,000 before settling back to $79,000—still down more than 4% over the past 24 hours. Ethereum (ETH) and XRP continued their declines, down 11% and 9.3%, respectively.

Despite the turmoil, diplomatic signals emerged. European Commission President Ursula von der Leyen said the EU is open to talks with the U.S., even proposing a reciprocal removal of tariffs on industrial goods.

President Trump, for his part, struck a confident tone. “Countries from all over the world are talking to us,” he said, noting that Japan is sending a high-level team to negotiate.

The episode reflects just how reactive markets remain to policy uncertainty, especially when it involves trade and tariffs—key levers in today’s global economic outlook.

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