Bitcoin Price Shock: BTC Surges Past $68K Then Crashes After Supreme Court Strikes Down Trump Tariffs
In a stunning market twist, Bitcoin experienced a quick thrill and then a sharp letdown. The price of BTC jumped over 2% to above $68,000 on news of a major U.S. Supreme Court decision. But true to its volatile nature, it soon fell back below $67,000. This rollercoaster ride happened right after the court ruled against President Trump’s tariff plans in a 6-3 vote.
The Supreme Court Ruling That Shook Markets
The U.S. Supreme Court made a big call on Friday. It struck down President Trump’s wide tariff regime. The judges said in their 6-3 decision that no past president had used the law this way.
“No President has invoked the statute to impose any tariffs, let alone tariffs of this magnitude and scope,” the court ruling stated. “That ‘lack of historical precedent,’ coupled with the ‘breadth of authority’ that the President now claims, suggests that the tariffs extend beyond the President’s ‘legitimate reach.'”
This ruling ends a key part of Trump’s trade policy. Tariffs had aimed to protect U.S. jobs but raised costs for everyone. Striking them down could ease trade tensions and boost global growth. Markets love less uncertainty, so risk assets like stocks and crypto reacted fast.
Bitcoin’s Knee-Jerk Rally and Quick Reversal
Bitcoin traders wasted no time. BTC price spiked about 2% right after the news hit. It broke past the $68,000 mark, a level many watch closely. This move showed crypto’s love for pro-growth news.
But the joy was short-lived. Within minutes, sellers stepped in. BTC dropped back to just under $67,000. This pattern is common in crypto lately. Prices react big to headlines but fade fast without follow-through.
Why the quick dump? Crypto is a high-risk asset. Traders buy the rumor and sell the news. Plus, other data tempered the excitement. Bitcoin’s volatility highlights its sensitivity to macro events.
- Peak: Above $68,000
- Trough: Below $67,000
- Change: Full reversal in minutes
Stocks Hold Gains While Crypto Fades
Not all markets acted the same. The Nasdaq climbed 0.6% to a new high for the day. Tech stocks showed more staying power. This gap shows crypto’s wild side versus stocks’ steadier climb.
Stocks benefit from real earnings and buybacks. Crypto relies more on sentiment and leverage. When news mixes good and bad signals, BTC swings harder.
U.S. Economic Data Paints a Worrying Picture
Earlier that day, fresh U.S. data added caution. The Commerce Department said the economy grew just 1.4% in the last three months of 2025. That’s slow. For the full year, growth hit 2.2% – the weakest since the COVID year of 2020.
Inflation heated up too. Core personal consumer prices rose 3% year-over-year. That’s above the expected 2.9% and up from 2.8% before. This mix of slow growth and hot inflation points to stagflation.
Stagflation is tough for markets. It means weak economy with rising prices. Risk assets like Bitcoin suffer in such setups.
“Today’s economic data delivered a messy message of both hotter than expected inflation, and slower than anticipated growth,” said Art Hogan, chief market strategist at B. Riley Wealth. “The confusing message from today’s data confirms the current Fed bias to take their time with monetary policy.”
The Federal Reserve now has less room to cut rates. Higher inflation keeps policy tight. This hurts Bitcoin, which thrives on easy money.
Why This Matters for Bitcoin and Crypto Investors
The tariff ruling removes one trade war risk. Less tariffs mean cheaper imports and better global trade. This could support risk-on moves long-term.
But stagflation clouds the view. Slow growth curbs spending. Hot inflation erodes buying power. The Fed’s pause on cuts adds pressure.
Bitcoin often acts like a macro hedge. Yet lately, it trades like a tech stock. Watch key levels: Support at $65,000, resistance at $70,000. A break above $68,000 could signal strength.
Altcoins in the Spotlight: XRP’s Low Volatility Setup
Not just BTC – altcoins feel the heat too. XRP volatility has dropped to 2024 lows. This creates a tight range, like a spring ready to pop.
Technical traders eye $1.39 as key support. Resistance sits at $1.44. A break above could target $1.50 to $1.62. Low vol often leads to big moves. XRP could shine if BTC stabilizes.
What to Watch Next
Key events ahead:
- Fed speeches on policy stance.
- More trade news post-ruling.
- BTC ETF flows for buying pressure.
- Global growth data.
Bitcoin price could test $70,000 if tariffs fade fully boosts sentiment. But stagflation risks a dip to $60,000. Stay nimble.
This event shows crypto’s ties to real-world news. The
Keep eyes on charts and headlines. Better days may come if Fed eases later.
