• Bitcoin ignores US Supreme Court Trump tariff strike amid talk of $150B refund Bitcoin stayed rangebound within a “downward trajectory” as the Supreme Court concluded that some US trade tariffs were illegal and liable for a refund. • Cointelegraph in your social feed Bitcoin (BTC) saw choppy price action after Friday’s Wall Street open as markets reacted to the US Supreme Court decision on President Donald Trump’s trade tariffs. • Key points: The US Supreme Court rules that certain US tariffs are illegal, sparking a modest risk-asset response. • The US Supreme Court rules that certain US tariffs are illegal, sparking a modest risk-asset response. • US inflation data further cuts market hopes of a March interest-rate cut. • US inflation data further cuts market hopes of a March interest-rate cut.
Article Summaries:
- Bitcoin traded in a narrow range after the U.S. Supreme Court ruled that several Trump‑era tariffs were illegal, a decision that sparked only a muted risk‑asset reaction. The ruling, which targeted tariffs imposed under the International Emergency Economic Powers Act, left markets largely unchanged, while U.S. inflation data-PCE at 3% and Q4 GDP at 1.4%-reduced expectations of a March Fed rate cut to just 4% probability. Bitcoin’s price hovered around $67,000, with analysts noting that bears remain in control and the 200‑week EMA still poses a resistance. Despite speculation of a $150 billion tariff refund, the crypto market stayed largely indifferent.
Sources: