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U.S. Supreme Court's decision on Trump's tariffs may not rock crypto — yet

The more significant result from the U.S. Supreme Court's rejection of President Donald Trump's trade tariffs may be political, which could sting the industry.

The U.S. Supreme Court ruled against crypto exchange Coinbase in an arbitration case. (Jesse Hamilton/CoinDesk)

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Bitcoin pops then drops as Supreme Court strikes down Trump tariffs

As has been typical in crypto markets of late, even the most modest move higher was met with immediate selling.

Donald Trump points at the audience during a press conference at the White House.

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Crypto Markets Today: Bitcoin Tests $110K as Traders ‘Sell the News’ on Fed Cut, U.S.-China Deal

Bitcoin slid to its $110,000 support as the broader crypto market shed $80 billion following the Federal Reserve’s interest-rate cut and a new U.S.-China trade agreement.

Trading screens (TheDigitalArtist/Pixabay)

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Bitcoin Slips Below $108K, Erases Weekend Gains as Trump Ramps Up Tariffs

The president imposed 25% tariffs against Japan and Korea, while threatening additional levies against any countries aligning themselves with the BRICs nations.

Bitcoin (BTC) price (CoinDesk)

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Dollar Index Falls Below 98 for First Time in Three Years, Gives Room for Crypto Run

Weaker dollar sparks optimism for risk assets as inflation eases.

DXY (TradingView)

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Bitcoin Slips Below $104K, Cryptos Slide as U.S.-China Tariff Tensions Flare Up

The crypto market wobbled after Trump accused China of violating a tariff truce.

Bitcoin (BTC) price on May 30 (CoinDesk)

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U.S. Trade Court Ruling Sends 30-Year Treasury Yield Above 5%

Tariff reversal fuels bond sell-off as U.S.-China tensions escalate across tech and education sectors.

(Joshua Earle/Unsplash+)

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Good Vibes Shattered as Trump Revives Trade War, Sending Bitcoin Tumbling Below $109K

The president Friday morning threatened an imminent 50% tariff on all EU imports as well as a 25% levy on imported Apple iPhones.

Donald Trump (Tom Brenner For The Washington Post via Getty Images)

CoinDesk Indices

The Market Reaction to Trump's Tariffs Signals a Broader Acceptance of Bitcoin's ‘Digital Gold’ Narrative

The response of bitcoin prices to the destabilizing announcement of U.S. tariffs in April suggests the digital asset may be achieving one of its fundamental promises, says Hashdex’s Gerry O’Shea.

New York City Bridge

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Bitcoin Races Above $97K on U.S.-China Trade Deal Progress

Treasury Secretary Scott Bessent is headed to Switzerland for talks with Chinese representatives.

Photo of U.S. Vice President JD Vance, Treasury Secretary Scott Bessent, Defense Secretary Pete Hegseth