Bitcoin Price Surges $6,000 Amidst Rumors of US Tariff Suspension

Bitcoin experienced a significant price surge yesterday and today, reaching levels not seen in recent months. Following rumors that US President Trump would suspend tariffs for all countries except China for 90 days, the S&P 500 and Nasdaq saw gains. Bitcoin followed suit, briefly surpassing $81,000 before retracing. However, these claims were later refuted by the White House, with sources confirming no one in the administration knew about a such a reprieve. The market responded to this news, leading to Bitcoin’s decline to around $78,000 levels before ultimately stabilizing. This event highlights the impact of rumors and misinformation on cryptocurrency markets.