Bitcoin Traders Are Hands-Off Ahead of US Tariff Ruling

Bitcoin (BTC) was trading sideways around $90,000 as markets awaited a potential Supreme Court ruling on US trade tariffs, which was viewed as a major catalyst for risk-asset volatility. Market sentiment, reflected by trading platforms like Polymarket, suggested a 74% chance the tariffs, requested by President Trump, would be ruled illegal. This anticipation overshadowed recent US unemployment data, which came in lower than expected, reinforcing expectations that the Federal Reserve would pause interest rate cuts at its upcoming meeting. Due to the lack of a clear trend, many traders, including Daan Crypto Trades, deemed BTC/USD a "no trade" pair, preferring to wait for a decisive breakout beyond current consolidation levels, with key price points identified at $92,000 resistance and $88,000 support to fill a CME futures gap.

(Source：Cointelegraph)