Bitcoin ignores US Supreme Court Trump tariff strike amid talk of $150B refund

💡 DMK Insight

Bitcoin’s rangebound movement reflects broader market uncertainty, especially after the Supreme Court’s tariff ruling. The court’s decision could have ripple effects on inflation and economic sentiment, which are crucial for crypto traders. If tariffs are refunded, it might ease some inflationary pressures, potentially leading to a stronger dollar. This could further suppress Bitcoin’s price, which has been struggling within a downward trend. Traders should keep an eye on key support levels; a break below recent lows could trigger further selling pressure. Conversely, if Bitcoin manages to reclaim resistance levels, it might signal a shift in sentiment. Watch for any volatility spikes in the coming days as market participants react to the ruling and its implications on economic indicators. Here’s the thing: while some might see this as a negative for Bitcoin, it could also present a buying opportunity if the market overreacts. Keep an eye on how institutional players respond to this news, as their movements can significantly impact price action.