The Supreme Court just killed Trump’s tariffs and crypto went on a wild ride in the span of 30 minutes. Here’s what actually happened and why it matters for your portfolio.
Yesterday the Supreme Court ruled 6-3 that Trump’s entire global tariff regime was illegal. Their exact words were that no president has ever invoked the statute to impose tariffs of this magnitude. It’s done. Struck down. BTC reacted instantly. Within two minutes it spiked 2% past $68,000. Traders were celebrating. It felt like the macro pressure that’s been crushing crypto for months was finally lifting.
Then it all reversed. Within 15 minutes BTC was back at $67,000. Why? Because Trump immediately announced a NEW 10% global levy through executive order.
But here’s where it gets interesting. By end of day Friday, BTC was sitting at $68,600. The market basically shrugged off the entire circus. That’s actually significant. When BTC stops reacting to bad news, it usually means the bottom is close.
Other numbers from the day: CoinDesk 20 index was up 2.5%. BNB led all majors with +3.03%. SOL climbed 2.65%. Even XRP bounced almost 2%.
Meanwhile the economy printed some ugly numbers. US GDP growth came in at only 1.4% for Q4 2025.
And buried in all this noise, CZ made his first return to the United States since getting out of prison. Where did he show up? Trump’s Mar-a-Lago crypto summit. Sitting alongside Goldman Sachs and Franklin Templeton executives. Crypto has never been more politically connected than it is right now.
Arthur Hayes is calling for BTC to eventually hit new all-time highs once the Fed is forced to print again. Wall Street firms are predicting $150K by end of 2026. BlackRock calculated that just a 1% institutional allocation to crypto could drive $2 trillion into the market.
We’re at $68K with extreme fear sentiment. The Supreme Court is fighting the president over tariffs. The economy is slowing. And the biggest names in finance are showing up to crypto conferences.