Bitcoin Briefly Surges to $80,000 Amid False Reports of Trump’s 90-Day Tariff Pause

Bitcoin price today spiked above the $80,000 mark in a short-lived rally, sparking excitement across the crypto space. The brief surge followed unverified reports that former U.S. President Donald Trump planned to implement a 90-day tariff pause on all countries except China. This news, later confirmed to be false, triggered temporary bullish momentum in the highly volatile market.

Fake Trump Tariff Pause News Triggers Brief Bitcoin Rally

On Monday, Trump tariffs news swept across social media platforms, claiming that Trump was considering suspending tariffs temporarily. The Bitcoin to $80K jump occurred shortly after the rumors went viral, demonstrating the market’s susceptibility to macroeconomic developments and misinformation.

The White House swiftly dismissed the reports, labeling them as “false.” Still, the damage—or momentum—had already taken place, with Bitcoin volatility sending prices as high as $80,000 before sharply retreating to lower levels.

Trump reiterated his firm stance on tariffs, calling them crucial for fair trade and domestic manufacturing. He also highlighted China as “the biggest abuser of them all,” signaling no softening in his policy direction.

Crypto Market Recovery: Ethereum, XRP, and Dogecoin Prices Surge

Although the crypto market cap today reflects an overall downtrend, several altcoins staged a crypto market recovery in response to the fake tariff pause news. Within an hour of the report going viral, key altcoins experienced noticeable gains:

Ethereum price surge: ETH climbed to $1,567.92, marking a 2.04% increase
XRP latest news: XRP jumped to $1.88, gaining 4.88%
Solana (SOL): Rose by 4.69% to reach $106.84
Dogecoin rally: DOGE led the pack with a 5.5% hourly gain
Binance Coin (BNB): Posted a more modest 1.49% increase

This crypto market recovery reflects short-term sentiment, but the broader trend still leans bearish amid persistent macroeconomic uncertainty.

Market Remains Bearish Despite Short-Term Gains

The temporary gains could not prevent the larger market slide. The crypto fear and greed index now sits at 23, indicating “Extreme Fear” among investors. This reading reflects caution and lack of confidence in the current market environment.

In the last 24 hours, the crypto market cap today has declined by 5.64%. Adding to the concerns, over $600 million worth of cryptocurrencies were liquidated as a result of the volatility, underscoring the precarious position of many leveraged traders.

Goldman Sachs Warns of Recession Risks

Amid the unstable landscape, Goldman Sachs released a sobering outlook, warning of heightened recession risks regardless of the outcome of the Trump tariffs situation. The investment bank cited several red flags: tightening financial conditions, consumer boycotts from foreign markets, and rising policy uncertainty.

Even if Trump were to reverse his stance on tariffs, Goldman Sachs believes these pressures would continue to suppress economic growth—a scenario that would weigh heavily on investor sentiment and crypto markets alike.

Trading Volume Surges as Traders React to the Headlines

Interestingly, despite the price drop, the 24-hour crypto trading volume surged by over 400%. This spike reflects an elevated level of engagement among traders attempting to capitalize on price swings. The increase in volume shows that while the market may be bearish, the appetite for trading—especially in moments of Bitcoin volatility—remains strong.

Final Thoughts: Stay Alert in a News-Driven Market

The Bitcoin price today briefly touching $80,000 shows how quickly misinformation can cause price fluctuations in the crypto sector. Events like the false Trump tariff news highlight the need for caution and critical thinking when navigating this market.

While some investors might enjoy brief rallies like this, the bigger picture—ranging from bearish fundamentals to macroeconomic instability—requires that decisions be made based on verified data and sound strategy.

For now, traders should monitor the crypto fear and greed index, global headlines, and trading volumes to remain ahead of the curve in this highly dynamic environment.

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