Coin Market Solution logo Coin Market Solution logo
Coin Edition 2025-05-30 09:00:00

U.S. Court vs. Trump Tariffs: Bitcoin and Altcoins Take a Hit

Court ruling sparks market dip, Trump’s appeal adds fresh uncertainty. Bitcoin falls below $105K, eyes strong support around $104K. Altcoins retreat after gains, momentum weak across Ethereum and Solana. Most cryptocurrencies are trading lower today as market uncertainty grows following a U.S. court’s decision to strike down President Donald Trump’s reciprocal tariffs. The global crypto market cap has fallen 2.56% to $3.35 trillion, though investor sentiment remains in the “Greed” zone with a score of 61 on the Fear & Greed Index. The market jitters stem from a recent U.S. trade court ruling that deemed Trump’s “Liberation Day” tariffs illegal. This development raised fresh concerns about the stability of the U.S. trade policy and whether $16 billion in collected tariffs might have to be refunded. However, in a quick turn of events, a federal appeals court has temporarily paused the lower court’s ruling, allowing Trump’s tariffs to stay in effect for now. While markets initially responded positively, those gains quickly faded. Why is the $104k Level Important for BTC? Bitcoin, which had rallied earlier, slipped below $105,000 and briefly… The post U.S. Court vs. Trump Tariffs: Bitcoin and Altcoins Take a Hit appeared first on Coin Edition .

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.