Bitcoin rebounded to $67,800 shortly after the U.S. Supreme Court struck down President Donald Trump’s reciprocal tariffs. The move followed a volatile session in which the cryptocurrency earlier surged from $66,600 to $68,225—a 2.5% gain in under 12 hours—before tumbling to an intraday low of $66,585 ahead of the ruling.
Altcoins mirrored the rally, with high-capitalization assets like XRP and Solana posting 24-hour gains above 2%. The broader cryptocurrency market capitalization rose 1.2% to about $2.38 trillion, though it remained on track to close the week $50 billion lower than Monday’s levels.
U.S. equities also spiked on the news: Nasdaq jumped more than 200 points, the S&P 500 added 40, and the Dow Jones Industrial Average gained 330. By midday, however, most of those gains had evaporated as investors braced for Trump’s response.
The court, ruling 6-3, sided with a challenge to the tariffs after multiple delays. Chief Justice John Roberts wrote that allowing the administration’s tariff agenda would “replace the longstanding executive-legislative collaboration over trade policy with unchecked presidential policymaking.” He emphasized that the president must “point to clear congressional authorization” to justify such extraordinary powers.
The ruling specifically strikes down tariffs justified under emergency declarations regarding fentanyl and trade deficits, though sector-specific duties under different laws remain in place.
Many media outlets framed the decision as a major setback for Trump’s economic agenda and a potential boost for America’s trading partners. Within the cryptocurrency community, the prevailing view is that striking down the tariffs reduces the risk of a global trade war and inflation spikes—conditions seen as favorable for risk-on assets like bitcoin. Social media debates focused on the fate of more than $130 billion in collected tariffs: Some argue refunds to corporations could unleash liquidity and fuel markets, while skeptics warn of legal complications, lost revenue, and higher Treasury yields.
The Trump administration, meanwhile, is not expected to take the loss quietly. Reports suggest the White House anticipated the ruling and is already eyeing alternative legal pathways—such as Section 232 or Section 301—to reinstate the duties.
All eyes are now on Feb. 24, when Trump will deliver his State of the Union address. Traders expect him to use the platform to outline his “Plan B,” potentially reigniting the trade-war uncertainty that markets temporarily shook off.
- How did bitcoin react to the Supreme Court ruling? Bitcoin rebounded to $67,800 after the U.S. Supreme Court struck down Trump’s reciprocal tariffs.
- Which altcoins saw gains following the decision? XRP and Solana led altcoin rallies, each posting 24‑hour gains above 2%.
- What was the impact on U.S. stock markets? The Nasdaq, S&P 500, and Dow all spiked initially but later erased most gains.
- Why does the ruling matter for global markets? It reduces trade‑war risks and inflation fears, creating a more favorable environment for risk‑on assets worldwide.
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