U.S. Court vs. Trump Tariffs: Bitcoin and Altcoins Take a Hit
- Court ruling sparks market dip, Trump’s appeal adds fresh uncertainty.
- Bitcoin falls below $105K, eyes strong support around $104K.
- Altcoins retreat after gains, momentum weak across Ethereum and Solana.
Most cryptocurrencies are trading lower today as market uncertainty grows following a U.S. court’s decision to strike down President Donald Trump’s reciprocal tariffs. The global crypto market cap has fallen 2.56% to $3.35 trillion, though investor sentiment remains in the “Greed” zone with a score of 61 on the Fear & Greed Index.
The market jitters stem from a recent U.S. trade court ruling that deemed Trump’s “Liberation Day” tariffs illegal. This development raised fresh concerns about the stability of the U.S. trade policy and whether $16 billion in collected tariffs might have to be refunded.
However, in a quick turn of events, a federal appeals court has temporarily paused the lower court’s ruling, allowing Trump’s tariffs to stay in effect for now. While markets initially responded positively, those gains quickly faded.
Why is the $104k Level Important for BTC?
Bitcoin, which had rallied earlier, slipped below $105,000 and briefly…
The post U.S. Court vs. Trump Tariffs: Bitcoin and Altcoins Take a Hit appeared first on Coin Edition.
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U.S. Court vs. Trump Tariffs: Bitcoin and Altcoins Take a Hit
- Court ruling sparks market dip, Trump’s appeal adds fresh uncertainty.
- Bitcoin falls below $105K, eyes strong support around $104K.
- Altcoins retreat after gains, momentum weak across Ethereum and Solana.
Most cryptocurrencies are trading lower today as market uncertainty grows following a U.S. court’s decision to strike down President Donald Trump’s reciprocal tariffs. The global crypto market cap has fallen 2.56% to $3.35 trillion, though investor sentiment remains in the “Greed” zone with a score of 61 on the Fear & Greed Index.
The market jitters stem from a recent U.S. trade court ruling that deemed Trump’s “Liberation Day” tariffs illegal. This development raised fresh concerns about the stability of the U.S. trade policy and whether $16 billion in collected tariffs might have to be refunded.
However, in a quick turn of events, a federal appeals court has temporarily paused the lower court’s ruling, allowing Trump’s tariffs to stay in effect for now. While markets initially responded positively, those gains quickly faded.
Why is the $104k Level Important for BTC?
Bitcoin, which had rallied earlier, slipped below $105,000 and briefly…
The post U.S. Court vs. Trump Tariffs: Bitcoin and Altcoins Take a Hit appeared first on Coin Edition.
Read More
How Binance Is Handling a Founder’s Spat and a Key Executive’s Exit