Bitcoin Price Clings To $90k As Traders Eye Us Supreme Court Tariff

Bitcoin traders avoided taking positions amid sideways BTC price action, while markets waited for a decision on US trade tariffs by the Supreme Court.

Bitcoin (BTC) hovered at $90,000 around Friday’s Wall Street open as markets braced for US trade tariff news.

RIsk-asset traders await news over US trade tariffs, as bets see the Supreme Court striking down the measures.

US unemployment data misses expectations, with the Federal Reserve seen holding rates this month.

Bitcoin traders demand clearer signals to end the rangebound price deadlock.

Data from TradingView showed indecisive BTC price action ahead of a potential Supreme Court ruling over the tariffs, known as a risk-asset volatility catalyst.

Commenting, trading resource The Kobeissi Letter noted that bets favored President Donald Trump’s trade measures being ruled illegal.

BREAKING: The US Supreme Court's ruling on President Trump's tariffs is expected as soon as today, with a 74% chance of tariffs being ruled illegal, per Polymarket.Trump has asked Americans to "pray" that the Supreme Court does not rule his tariffs to be illegal. pic.twitter.com/ei2iTSVjJY

“The decision could reshape trade policy and ripple across global markets, including crypto,” crypto education platform Coin Bureau added in a post on X.

The forthcoming news meant that US unemployment data, which came in lower than expected, took a backseat.

Source: CoinTelegraph