Bitcoin Holds Range as US Supreme Court Strikes Down Trump Tariffs

Bitcoin traded near $67,000 following a U.S. Supreme Court decision that ruled certain trade tariffs imposed under the International Emergency Economic Powers Act were unlawful. While the ruling sparked modest gains in U.S. equities, the response in crypto markets remained subdued.

Market participants quickly speculated about potential tariff refunds that could total as much as $150 billion. However, the broader risk-asset reaction was limited, as parts of the tariff framework remain intact under the court’s interpretation.

US Inflation and Rate Cut Expectations Weigh on Sentiment

The macro backdrop added further pressure. The Personal Consumption Expenditures index rose to 3%, its highest level since late 2023, while fourth quarter GDP growth came in at 1.4%, well below expectations. According to the CME Group FedWatch Tool, markets now assign just a 4% probability to a March rate cut by the Federal Reserve.

Technical Levels Signal Continued Downward Bias

Traders note Bitcoin remains locked in a $65,000 to $70,000 range. A sustained move above $70,000 could shift momentum, while a break below $65,000 may accelerate downside pressure. Until volatility expands, analysts say bears remain in control of the broader trend.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.