Bitcoin (BTC) made new attempts at $96,000 in the last 24 hours, and altcoins saw gains exceeding 5 percent. Everyone was waiting for the tariff decision to be announced by the Supreme Court at 18:00. Markets have been waiting for the decision on customs tariffs for months. So what was the decision? What will happen to cryptocurrencies now?
Supreme Court Tariff Decision
The tariff decision was expected to be announced on January 9, but it was postponed to 18:00 on January 14. However, today, while the court published decisions on other cases, it bypassed the tariff case. If there is a surprise, a decision may be made by 03:00. Under normal circumstances, when we do not see the summary of the decision at 18:00, there is no announcement at later hours. Now we will wait for the decision to be announced next week.
Court, President Trump’s He would use the International Emergency Economic Powers Act (IEEPA) of 1977 to decide whether he could impose tariffs unilaterally without Congressional approval. The expectation is that an adverse decision will be made, and in this case, the USA will have to refund at least $150 billion in taxes. When the financial situation that will arise from the cancellation of investments made due to fear of tariffs is added, the loss of the USA reaches trillions of dollars.
BTC is at a 2-month high and reached $98,627.
