Key Insights:

• Speculation regarding a delay in Trump’s tariffs resulted in erratic market behavior during early U.S. trading hours on Monday.
• Bitcoin surged over $80,000, recovering from a low of $74,400, while the Nasdaq fluctuated drastically from nearly a 5% loss to a 5% gain.
• Following the White House’s denial of the rumor, prices experienced a drastic shift again.

It’s been a tumultuous period in the markets, with the Nasdaq fluctuating dramatically from around a 5% decrease back to a 5% increase before stabilizing quickly on a story that was later clarified by the White House as false. The Press Secretary Caroline Leavitt addressed the rumors, declaring them “Fake news.”

Market Effects:

The tumultuous swings impacted cryptocurrencies as well. Bitcoin (BTC) increased from $74,400 to above $80,000 before dropping back to $79,000, marking a decline of 4.3% over the last 24 hours. Ether (ETH) saw a decrease of over 11%, while XRP fell by 9.3%.

International Context:

In the midst of ongoing chaos in the markets, EU Commissioner Ursula von der Leyen commented that “Europe is prepared to engage with the U.S.,” offering to set zero tariffs on industrial goods. Conversely, President Trump stated, “Countries from all over the world are communicating with us,” including Japan, which he claims is sending a “top team” for negotiations.