📅 February 20 - United States | Crypto markets reacted within minutes. After the US Supreme Court struck down the sweeping tariff regime imposed by Donald Trump under the International Emergency Economic Powers Act (IEEPA), the price of Bitcoin broke its inertia and surged, as investors reassessed the macroeconomic impact of a decision that could redefine US trade policy.
📖The ruling determined that Trump lacked the authority to impose such broad global tariffs under the IEEPA, a tool originally intended for economic emergencies.
According to estimates from the Cato Institute, nearly 60% of tariff revenues in 2025 were expected to come from measures adopted under that legal framework, magnifying the scope of the decision.
As soon as the news broke, Bitcoin (BTC) rose 1.75% to $67,769, remaining within the technical range that has dominated the last two weeks between $65,000 and $70,000. Ethereum (ETH) advanced more than 2% to $1,960, Solana (SOL) gained more than 4% to $84, and XRP climbed 1.55% to $1.42, showing that the momentum was broad and not concentrated in a single asset.
Macro analysts like Stephen Coltman of 21Shares had already warned that a negative ruling on tariffs could weaken Treasuries and the dollar, favoring stocks and crypto assets.
Matthew Sigel of VanEck went further, suggesting that lower tariff revenues could accelerate fiscal pressures, prompting expansionary monetary policies—a historically favorable environment for Bitcoin as an inflation hedge.
From a technical perspective, bulls are closely watching the support at $65,000. A sustained break above $70,000 could confirm that the recent selling pressure has subsided. For now, the market seems to be interpreting the ruling as a sign of macroeconomic relief, although the true impact will depend on how trade policies are renegotiated going forward.
Topic Opinion:
The narrative of hedging against expansionary fiscal policies remains alive. However, the real challenge isn't the headline of the day, but rather the sustainability of the momentum.
💬 Do you think this ruling will propel Bitcoin above $70,000 sustainably?
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