This post was written with the help of artificial intelligence.
The U.S. Supreme Court heard oral arguments today challenging President Trump’s broad tariffs, imposed under the 1977 IEEPA to address trade deficits and fentanyl flows. Duties include 25% on Canada and Mexico, up to 34% on China, and reciprocal rates on dozens of nations, generating over $150 billion in 2025 revenue. Lower courts ruled Trump exceeded his authority, but tariffs remain active during appeal.Crypto markets, tightly correlated with the Nasdaq, have reacted sharply to tariff news—Bitcoin dipped below $80,000 in March, and $16 billion in longs were liquidated in October. The ruling will drive short-term volatility and long-term narratives around inflation, dollar strength, and risk appetite.
If Tariffs Are Upheld
Short-term: Expect a risk-off plunge. Bitcoin could test $70,000, with Ethereum and altcoins down 5–10% alongside a 3–5% Nasdaq drop. Leveraged liquidations may exceed $10–20 billion.
Medium to long-term: Persistent inflation from higher import costs—especially Chinese mining hardware—could erode dollar confidence. Bitcoin strengthens as “digital gold,” with some analysts forecasting $150,000 by late 2026. Stablecoin use rises to navigate supply-chain friction.
If Tariffs Are Struck Down
Short-term: A swift relief rally. Bitcoin may surge 5–10% within 48 hours, with broader markets up 2–4%. Potential $750 billion in refunds injects liquidity into risk assets.
Medium to long-term: Lower costs boost tech and crypto profitability, cooling inflation. Trump’s pro-crypto policies—ETF expansion, stablecoin clarity—gain momentum. Uncertainty lingers if new legal paths are pursued.
Key Takeaways
Crypto’s sensitivity to macro shifts makes this ruling pivotal. Tariffs upheld prolong near-term pain but fuel Bitcoin’s inflation-hedge narrative. Annulment sparks immediate gains and supports the ongoing bull cycle. With Bitcoin holding above $70,000 despite equity drawdowns, much is already priced in—until the decision lands.
Watch Supreme Court tone, Friday’s NFP, and Trump’s X feed. Volatility is certain; direction hinges on the bench.
Not financial advice. Trade responsibly.