U.S. Supreme Court Delays Decision on Trump’s Tariffs Amidst Crypto Market Rally
- No Supreme Court ruling on Trump’s tariffs this week.
- Bitcoin reaches new highs at $97,524.91.
- $623 million in crypto liquidations reported.
The U.S. Supreme Court will not make a decision on Trump’s tariff issue on January 14, according to market sources.
This absence of a ruling coincides with significant market movements, including Bitcoin reaching $96,000, suggesting a diversion from anticipated regulatory developments.
Supreme Court Decision Delay Sparks Crypto Market Rally
The U.S. Supreme Court’s decision to refrain from ruling on the tariffs related to Trump’s policies has sparked considerable attention. Market sources suggest that no definitive ruling will occur this Wednesday. This delayed decision brings unanswered questions about the future of U.S. trade policies.
Bitcoin continues to rally, reaching a price of $97,524.91, while Ethereum surpasses $3,300 amid an ongoing market upswing. Meanwhile, crypto markets have faced substantial liquidations, particularly targeting short positions, totaling $623 million across various platforms.
“The Ethereum C-wave decline began on October 10th. The overall downward trend was impeded around November 20th, and the fifth wave of decline failed by December 18th, indicating that the momentum of the trend has exhausted. We believe Ethereum has re-entered the fifth wave of the uptrend that began in April last year.”
Crypto Surges Amid U.S. Tariff Policy Uncertainty
Did you know? The cryptocurrency market’s significant rally, coinciding with government and judicial uncertainty, is reminiscent of previous economic pivot points, showing how market dynamics can change rapidly under shifting policy landscapes.
Bitcoin (BTC) has reached $97,524.91, with a market cap nearing $1.95 trillion, according to recent CoinMarketCap data. The asset dominates 59.05% of the crypto market, showcasing a notable 24-hour trading volume increase of 42.92%. These movements highlight BTC’s volatile trajectory, gaining 7.08% over the past week.
Coincu research team analyses suggest the lack of a decisive Supreme Court ruling could maintain existing tariff frameworks. Such delays underscore uncertainties in regulatory policies, affecting market sentiment and potentially fueling further crypto volatility. Future technological advancements may mitigate some of these impacts, driving innovation amid uncertain times.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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