Bitcoin pops then drops as Supreme Court strikes down Trump tariffs

The U.S. Supreme Court ruled 6–3 that the International Emergency Economic Powers Act does not authorize President Donald Trump to impose his global tariffs, with Chief Justice John Roberts writing the majority opinion and Justices Thomas, Alito and Kavanaugh dissenting ^[2].

Crypto markets reacted quickly: Bitcoin initially rallied after the decision but then gave back gains as buying met immediate selling—CoinDesk said even modest moves higher were met with prompt sell pressure ^[1]. Some outlets reported the initial move pushed BTC above the $67,000 level before the pullback ^[5].

Analysts and news outlets framed the ruling as a restriction on presidential trade authority that reinforces Congress’s role and could stabilize international trade relations, a legal outcome widely covered alongside the market response ^[2][4]. Crypto-focused coverage noted the immediate, short-lived nature of the price move in reaction to the court’s decision ^[3][1].

In short, the Supreme Court’s rebuke of unilateral tariff authority was a significant legal development; its immediate market impact on Bitcoin was brief and volatile, with an initial uptick quickly offset by selling ^[2][1].