Trade war tensions and recent news regarding additional tariffs caused volatility in the cryptocurrency market, with bitcoin and altcoins surging and then crashing.
A report suggesting a 90-day delay in tariffs was refuted by the White House, which instead warned of imposing another 50% tax on China.
Bitcoin reacted with price volatility, briefly surging to over $81,000 before retracing.
Wall Street also experienced immediate price declines, with the S&P 500 down by over 11% since Wednesday.