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BTC finally broke the two-month consolidation, and today's rebound was quite strong. The slowdown in core CPI has become one of the main drivers of this rally, providing the Federal Reserve with an opportunity to open a easing window.
However, the real focus is actually on what happens next — these upcoming events will directly influence the market direction.
**The Double-Edged Sword of Tariff Rulings**
At 10:00 AM Eastern Time today, the Supreme Court is set to rule on Trump's tariff policies. The market generally expects the court to oppose the enforcement of tariffs, but whether this will be good or bad for the crypto market is still uncertain.
Looking on the bright side: When Trump announced tariffs in April 2025, the crypto market plummeted. A reversal ruling should boost sentiment. Plus, the Federal Reserve is currently hawkish, mainly worried about rising prices due to tariffs. If tariffs are eliminated, the Fed would have the conditions to accelerate rate cuts, which would be a huge positive for the crypto space.
But from another perspective: Over the past six months, US stocks have soared and hit new highs repeatedly. Trump has been repeatedly claiming credit for the tariffs, and the market somewhat agrees. If the court opposes tariffs, the stock market could face a sharp correction, dragging the crypto market down with it.
This extreme uncertainty is bound to trigger volatile swings. Traders should be prepared.