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Yesterday, Bitcoin rose close to $68,000 despite tariff news. The U.S. Supreme Court ruled Trump’s global tariffs as illegal, and although another 10% additional tariff was announced in the afternoon, causing some market turbulence, it surprisingly held up well.
Altcoins led the rebound. BNB, DOGE, ADA, and SOL increased by 3-4%, pushing the CoinDesk 20 Index up by 2.5%. Bitcoin is currently trading around $72,900. It’s interesting that these tariff news actually led to risk asset buying.
However, trading volume remains weak, and unless there is a significant macroeconomic shock, it seems likely to stay in a sideways trend for the time being. While tariff policy uncertainties remain, the current movement is likely to stay within a narrow range.