Crypto Markets Stall Awaiting U.S. Supreme Court’s Tariff Verdict

• Lyla Velez
• January 9, 2026
• News
• 0 Comments

Crypto markets show little movement as the U.S. Supreme Court prepares to rule on tariffs imposed by former President Donald Trump, affecting global trade partners. Market analysts expect potential volatility depending on the decision outcome.

The court’s decision on these tariffs could shake markets and influence global economic trends, potentially impacting Bitcoin and Ethereum prices.

The upcoming U.S. Supreme Court ruling focuses on tariffs imposed by the Trump administration under IEEPA. These tariffs, affecting various global trade partners, have drawn attention from both legal experts and financial markets. Legal battles in lower courts have already concluded that Trump exceeded his authority, setting the stage for a definitive ruling.

Here is an interesting Twitter post on crypto updates from DefiWimar discussing traders’ sentiment.

Experts underscore that although these tariffs generated substantial revenue claims, potential invalidation could necessitate vast refunds, impacting U.S. Treasury operations. Benn Steil, Director of International Economics at the Council on Foreign Relations, remarked, “Even if IEEPA tariffs are overturned, the basic tariff regime is not going to change dramatically based on this decision. The administration can fall back on other authorities, albeit with more procedural constraints.”

Markets, particularly cryptocurrencies, remain attuned to this decision. Bitcoin currently trades around $90,000-$91,000, holding steady while anticipating the court’s ruling. The existing macro uncertainty contributes significantly to this trading behavior. Market participants also observe that, historically, Bitcoin’s price aligns closely with broader economic trends, including shifts in equity markets during tariff escalations.

Potential outcomes of the ruling could influence not just tariffs but the broader economic landscape. Legal analysts suggest other tariff-authorizing authorities could be used by the administration, albeit with greater procedural limitations. Meanwhile, the market anticipates fluctuations depending on whether the court upholds or overturns the tariffs, potentially causing volatility in risk assets, including cryptocurrencies. Any substantial financial policy changes might sway investor sentiment, reflecting on both short and long-term market performance.

For more detailed legal context, the Congress legislative summary – LSB11332 provides a comprehensive overview of related legal frameworks.