Bitcoin price news: BTC gains, but quickly retreats as Trump tariffs ruled illegal by Supreme Court
Bitcoin briefly rose after the Supreme Court struck down Trump's tariffs but quickly fell back amid stagflationary economic data.Summary
The U.S. Supreme Court ruled 6-3 to strike down President Trump's tariff regime, citing a lack of historical precedent and excessive executive authority. Bitcoin initially reacted by jumping about 2% past $68,000, but this gain was swiftly reversed, with the price returning just below $67,000, reflecting the market's tendency for immediate selling after modest upward moves. This crypto volatility contrasted with stock performance, as the Nasdaq rose 0.6%. The market reaction occurred after the release of mixed U.S. economic data showing stagflationary signs: Q4 2025 GDP growth was a modest 1.4%, while core PCE inflation rose to 3.0% year-over-year, leading strategists to believe the Federal Reserve will remain cautious with monetary policy.
(Source：CoinDesk)