• White House is unaware of the 90-day tariff suspension
• The reports were labeled as ‘fake news’
• Prominent figures in the financial sector advocate for a reconsideration of the tariff strategy

Reports had fueled confusion regarding a potential 90-day pause on tariffs announced by US President Donald Trump. Word initially spread suggesting the Trump administration was weighing a 90-day suspension of the newly imposed tariffs for all countries except China. 

The speculation apparently stemmed from comments by White House economic adviser Kevin Hassett during a Fox News interview. Asked about a possible pause, Hassett offered a noncommittal response: “I think the president is going to decide what the president is going to decide.”

Why Did Markets Reverse Course So Quickly?

However, CNBC reported that the White House categorically denied the speculation, labeling the reports and rumors ‘fake news’.

The conflicting information had immediate effects on financial markets. Following the initial reports of a potential tariff pause, US stock futures and Asian markets experienced brief upticks. Yet, upon the White House’s denial of such plans, these gains wer…

The post White House Claims No Knowledge of 90-Day Tariff Pause appeared first on Coin Edition.

Bitcoin has not been immune to the ongoing global tariff dispute, which has rippled across financial markets and placed pressure on equities and digital assets.

Over the past two weeks, Bitcoin has dropped by more than 10%, slipping under $75,000 earlier today—a level last seen in November 2024. The pullback coincides with broader market volatility coming from rising geopolitical and economic uncertainty.

Amid this ongoing price move, a crypto analyst has suggested that the behavior of short-term holders during episodes like this is crucial in assessing the extent of ongoing market corrections.

Short-Term Holders Show Early Signs of Stress

According to CryptoQuant contributor Yonsei Dent, the current price action reveals important insights into investor behavior. Dent’s latest analysis centers on the STH-SOPR (Short-Term Holder Spent Output Profit Ratio), a metric that measures whether coins moved by recent buyers are being sold at a profit or loss.

A reading below 1.0 indicates that holders are realizing losses, a sign often interpreted as capitulation. While Bitcoin’s price has declined significantly, Dent points out that the STH-SOPR has not yet breached extreme levels seen in past correction events.

Unlike major capitulation periods in 2024—such as those in May, July, and August—the current SOPR remains near its mean value, indicating that many short-term holders are not yet exiting their positions en masse.

The absence of widespread capitulation raises questions about the potential for further downside. Dent warns that if selling pressure among short-term holders intensifies, the market could experience another wave of losses.

For now, all eyes remain on the $78,000 support level, which may act as a key test for whether Bitcoin can stabilize or if deeper correction lies ahead. Yonsei Dent wrote:

If STHs begin to exit more aggressively, the market could face further downside pressure. In the near term, close attention should be paid to whether the $78,000 support level can hold, as it may serve as a key line in the sand for the current market structure.

Technical Outlook On Bitcoin

Meanwhile, technical analysts’ outlook on BTC is slightly different. According to an analyst known as Merlijn The Trader on X, BTC is currently in what is termed the “green zone” where it is an ideal opportunity for accumulation.

BITCOIN IS IN THE GREEN ZONE.

This is where legends bought in 2015, 2019, and 2020.

Red is for selling. Green is for buying.

Don’t overthink it. pic.twitter.com/hhSYEpkNNb

— Merlijn The Trader (@MerlijnTrader) April 6, 2025

Featured image created with DALL-E, Chart from TradingView