Supreme Court Tariff Decision Looms Over Crypto Markets
Cryptocurrency markets brace for volatility as the U.S. Supreme Court prepares to rule on tariff policies. The decision, expected Friday, could trigger significant price swings across major digital assets. Treasury Secretary Bessent signaled contingency plans if tariffs are revoked, but maintained current measures have pressured Mexico and China on fentanyl trade.
Investors eye the ruling alongside U.S. employment data, with Bitcoin (BTC) and ethereum (ETH) showing heightened sensitivity to macroeconomic cues. Altcoins like SOL and XRP face additional pressure from exchange liquidity shifts, particularly on Binance and Coinbase.
Market makers anticipate a 2.5%-3.25% Fed rate corridor regardless of the outcome. Meme coins (DOGE, SHIB, PEPE) remain speculative hedges, while DeFi tokens (DOT, FIL) reflect broader risk appetite.