Before President Trump delivers the State of the Union address, Wall Street is on high alert, preparing for market volatility as major traders shift funds and adopt defensive strategies. Previously, the Supreme Court ruled to limit Trump's emergency tariff powers, forcing him to implement new global tariffs under another law, causing market turbulence. Buoyed by this news, Bitcoin's price temporarily rose but then retreated, falling below $65,000 amid a broader cryptocurrency sell-off. Large on-chain whale transactions, including a Bitcoin transfer worth $126 million, highlight the market's cautious stance ahead of Trump's speech, which could influence macroeconomic factors critical to digital assets.
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Before President Trump delivers the State of the Union address, Wall Street is on high alert, preparing for market volatility as major traders shift funds and adopt defensive strategies. Previously, the Supreme Court ruled to limit Trump's emergency tariff powers, forcing him to implement new global tariffs under another law, causing market turbulence. Buoyed by this news, Bitcoin's price temporarily rose but then retreated, falling below $65,000 amid a broader cryptocurrency sell-off. Large on-chain whale transactions, including a Bitcoin transfer worth $126 million, highlight the market's cautious stance ahead of Trump's speech, which could influence macroeconomic factors critical to digital assets.