Bitcoin Price Momentum Builds After Trade Court Decision

Bitcoin Price- Market Reacts to Tariff News: Bitcoin Eyes New Highs

Bitcoin Price– A recent US federal court decision blocking former President Donald Trump’s tariffs may fuel Bitcoin’s push toward $120,000, according to market analysts.

Court Decision Sparks Crypto Optimism

The US Court of International Trade ruled on May 28 that Trump exceeded his authority by imposing broad reciprocal tariffs. Pav Hundal, lead analyst at Swyftx, told Cointelegraph, “The trade court decision was an epic mic drop, and it’s going to intensify momentum behind Bitcoin.”

While the Trump administration has filed an appeal, analysts say the shift in market sentiment is already underway. “It blows a hole in trade talks either way,” Hundal said, adding that “new all-time highs are imminent, and the momentum is largely irreversible at this stage.”

Bitcoin Price Action and Market Inflows

Bitcoin reached an all-time high of $111,970 on May 22 but has since retraced slightly to around $107,750, per CoinMarketCap. Despite short-term fluctuations, traders remain optimistic. Crypto analyst Bitcoin Ranchy commented, “So Trump tariffs are illegal? Does that mean we get green candles all around tomorrow?”

Hundal noted that capital is flowing into Bitcoin from institutional and retail investors, particularly via spot ETFs. He said the week ending May 23 saw $2.75 billion in ETF inflows in the US alone.

Institutional Confidence Growing

Geoff Kendrick, global head of digital assets at Standard Chartered, recently stated in an internal note that Bitcoin could reach $120,000 in H1 2025 and potentially $200,000 by year-end, supported by the expansion of stablecoins.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.