Trump’s tariffs declared illegal – how did Bitcoin react?

The price of the leading digital asset remained anchored around the $67 500 zone, even as US equities saw moderate gains.

Court ruling and inflation overshadow macro data

The Supreme Court ruled that a portion of the tariffs imposed via the International Emergency Economic Powers Act (IEEPA) are illegal. In its decision, the court emphasized that the IEEPA does not grant the president the authority to impose tariffs.

However, some of the tariffs remain in effect, which limited the initial reaction of risk assets. Speculation quickly emerged in the market that refunds for collected duties could reach up to $150 billion.

The event overshadowed earlier macroeconomic data. The Personal Consumption Expenditures (PCE) price index – the Federal Reserve’s preferred inflation gauge – reached 3%, its highest level since late 2023.

At the same time, Q4 2025 GDP reported a growth of 1,4% against expectations of around 3%, further complicating the macro picture.

Rate cut expectations decline

The combination of accelerating inflation and weaker growth reduced the probability of a rate cut in March. Data from the CME FedWatch Tool shows a mere 4% chance of a 0,25 percentage point reduction at the next FOMC meeting.

Nonetheless, some market participants note that financial conditions remain relatively loose, which continues to support broader risk appetite.

Bearish sentiment prevails for Bitcoin

In the crypto sector, sentiment remains cautious. Some analysts believe the market is still under the control of sellers, and upward movement remains capped within a stable but narrow range.

Technical analysts are pointing to the 200-week exponential moving average, which plays a key role in the long-term trend structure. Historically, closes below this level followed by a failed retest have often preceded an acceleration of downward momentum.

For now, Bitcoin remains in consolidation around $67 500 as investors weigh the impact of the court ruling, inflationary pressure, and the outlook for monetary policy. Meanwhile, at the time of writing, President Donald Trump is addressing the media, sharing his first impressions following the Supreme Court’s decision.