Supreme Court cancel Trump tariffs — Bitcoin rally pass $67K
US Supreme Court decide 6-3 say former President Donald Trump pass im authority for International Emergency Economic Powers Act (IEEPA) when e impose big global tariffs, cancel one major trade policy wey cover imports from Canada, China, Mexico and oda countries. The decision end years wey dem dey fight for court and e leave federal agencies to decide wetin dem go do next, including whether about $150 billion wey dem collect as tariff money suppose to dey refund. Markets react quick: Bitcoin (BTC) climb pass $67,000—some sessions e reach above $67,700—and other big cryptocurrencies sef go up as traders dey price in reduced trade-policy risk and currency impact. The court ruling reduce near-term geopolitical and trade-policy uncertainty wey dey support risk premia and safe-haven demand. Analysts talk say e fit get fiscal effect: lower tariff revenue fit put more pressure for government money matters and fit make monetary authorities relax policy more, and some people say that fit boost demand for hedges like Bitcoin and gold. Traders supposed to watch for guidance from federal agencies about refunds and enforcement, possible follow-up litigation, and broader macro drivers (inflation prints, yields, Fed stance) wey go still influence crypto flows and volatility.
Bullish
Di-rek market reaction to di Supreme Court ruling bin good for Bitcoin: di decision comot one big source of geopolitical and trade-policy risk wey people dey talk say dey boost risk premia and make demand for safe-haven assets rise. For traders, dis mean short-term risk-on shift—Bitcoin and other risk assets more likely make people buy as tariff-related wahala reduce. Analysts also talk say e fit get medium-term bullish channel: if tariff revenue drop e fit press government finances and fit make dem push for more monetary accommodation, and normally dat one dey support inflation hedges and scarce digital assets like BTC. But make we no forget wahala wey dey hold back the bullish view: uncertainty about big possible refunds (like up to about $150 billion), follow-up court cases, and big macro things (PCE inflation, bond yields, Fed policy) fit bring back volatility or flip sentiment. Short-term: volumes go up and price pressure go push up as traders reposition. Medium-term: conditional bullish bias if fiscal/monetary effects favor accommodation; otherwise price upside fit small if macro tightening resume or refund outcomes damage market confidence.