Trump announces $2,000 tariff 'dividend,' here is how it will affect crypto

💡 DMK Insight

The Supreme Court ruling could be a game-changer for crypto markets, and here’s why: While investors are currently optimistic about the proposed stimulus, the reality is that uncertainty looms large. If the ruling doesn’t favor the stimulus, we could see a sharp correction in crypto prices as traders reassess their positions. This is especially relevant for day traders and swing traders who thrive on volatility. Keep an eye on key support and resistance levels; a break below recent lows could trigger stop-loss orders and exacerbate selling pressure. On the flip side, if the ruling is favorable, it could ignite a bullish trend, pushing major cryptocurrencies to new highs. Watch for increased trading volume as institutions might jump in, further driving prices. The immediate focus should be on the ruling’s timing—traders should prepare for potential volatility around that date, as sentiment can shift rapidly. Monitor related assets like Bitcoin and Ethereum closely, as they often lead the market’s direction.