Supreme Court Tariff Ruling and its Chain Reaction to the Cryptocurrency Market

The U.S. Supreme Court is about to rule on the legality of former President Trump's global tariffs, which has brought huge uncertainty to the cryptocurrency market and may have an impact on market volatility and safe-haven demand. Recent tariffs have pushed Bitcoin prices to $91,281 and Ethereum prices to $2,143, while legal and macroeconomic risks, including potential refunds of billions of dollars in tariffs and inflationary pressures, continue to affect investor sentiment. The Supreme Court is expected to issue a ruling in November 2025 that could limit or strengthen the executive’s trade powers, thereby shaping the role of cryptocurrencies as hedging tools during periods of policy instability.