📍 Key Highlights:
• Bitcoin spiked after the Supreme Court ruled to strike down former President Donald Trump’s broad tariff regime, then gave up gains shortly afterward — buyers booked profits as volatility hit crypto markets. �
• The U.S. Supreme Court invalidated Trump’s tariffs, declaring the administration lacked authority under the law to impose such trade measures. �
• Traditional markets also jumped — stocks and retail indices rallied on the tariff decision, showing broader market risk-on behavior. �
• Bitcoin’s price action showed initial upside but faced selling pressure immediately, a common “buy the news, sell the news” reaction. �
• Major U.S. indexes like the S&P 500, Dow, and Nasdaq were up on the news, reflecting broader investor optimism tied to the tariff ruling. �
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Investopedia
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barrons.com
Summary:
After the U.S. Supreme Court struck down Trump’s tariff policy, Bitcoin initially rallied on optimism that easing trade pressures and potential currency effects might benefit risk assets — but the move was short-lived as profit-taking pushed the price lower soon after. �$BTC #WhenWillCLARITYActPass #StrategyBTCPurchase #PredictionMarketsCFTCBacking #HarvardAddsETHExposure #OpenClawFounderJoinsOpenAI