Bitcoin Nears $100K Milestone: Crypto and Stocks Await Supreme Court Tariff Ruling

In today’s fast-moving financial world, keeps traders glued to their screens. Bitcoin sits steady around $95,000 during early Asian trading after a wild rally this week. Eyes are on whether it can break that big $100,000 barrier soon.

Bitcoin’s Bullish Momentum and Prediction Market Odds

Traders love prediction platforms like Polymarket for real insights. Right now, there’s a 54% chance Bitcoin hits $100,000 this January. That’s the top bet among users watching short-term moves.

But things cool off fast above that. Only 22% see it reaching $105,000, and just 8% think $110,000 is possible. These odds show smart money is hopeful but careful.

The recent jump past $95,000 came from technical sparks, not big news shifts. Experts call it a “violent short squeeze,” where short sellers got forced out, pushing prices up quick.

• Call buyers jumped in as market shakes grew and options looked more positive.
• Big ETF inflows hit over $800 million – the most in three months – giving extra lift.
• Better buy-side liquidity on exchanges helped the rally hold.

Order flow drove this, not macro news. Spikes to $97,000 were quick reactions without deep reasons behind them.

Ethereum Shows Strength Amid the Rally

Ethereum stands tall near $3,300, doing better than Bitcoin lately. People chasing yields keep it supported as the number two crypto by market size.

Perpetual futures funding rates stayed even, meaning leverage is under control. No one side is betting too wild, which keeps risks low.

Downside fears for Bitcoin have faded. Odds of a drop to $85,000 are now just 15% on prediction markets – much lower than before.

Hangs Over Markets

While crypto buzzes, stocks and broader markets wait for a key US Supreme Court decision. It’s about President Trump’s big tariffs on trade partners using a 1977 emergency law.

The court heard arguments in early November. Justices from both sides questioned how the tariffs were set. A negative ruling could mean refunds for companies like Costco that paid import duties.

Trump voiced worries on social media, saying a loss would hurt the US badly. This ruling could shake trade, stocks, and even crypto if it sparks volatility.

Global Trade Shifts Add Pressure

New US-Taiwan trade deal aims to bring semiconductor making back home. This could boost US tech stocks long-term but adds uncertainty now.

China hit a record $1.2 trillion trade surplus in 2025, blaming US policies despite tariffs. Global imbalances grow, pressuring markets.

Gold and Silver Dip as Risks Ease

Precious metals like gold and silver fell a bit in early US trade. Geopolitical worries calmed, and Trump’s promise not to fire Fed Chair Jerome Powell cut safe-haven demand.

This shift shows investors feeling less scared, which could flow into risk assets like crypto and stocks.

What It Means for Traders

creates a mix of hope and caution. Bitcoin’s technical strength and ETF money point up, but macro events like tariffs could swing things.

Keep an eye on:

1. Polymarket odds for Bitcoin price targets.
2. Supreme Court news for trade impacts.
3. ETF flows and liquidity on exchanges.
4. Ethereum’s yield appeal in shaky times.

Volatility might rise, but steady funding rates suggest no big blowups soon. Bitcoin testing $100,000 could spark FOMO if it breaks through.

Outlook: Eyes on Key Levels

Bitcoin holds key support near $95,000. A push to $97,000-$100,000 looks likely if shorts keep squeezing. Ethereum at $3,300 could test higher with more yield interest.

Stocks in tech and semis might react to Taiwan deal and tariff news. Overall, markets balance tech-driven crypto gains with trade policy risks.

Stay tuned for updates as the Supreme Court ruling nears. In crypto, momentum often wins, but global events can change the game fast.

This daily market update shows why blending crypto charts with world news gives the best edge. What level do you see Bitcoin hitting first?