U.S. Court Ruling Challenges Trump's Tariffs, Boosts Cryptocurrency Outlook

The U.S. District Court for the District of Columbia, in collaboration with a coalition of industries, has ruled against Trump's tariffs on imports from China, Mexico, and Canada, deeming them unconstitutional. The White House plans to appeal, but this decision underscores Congress's authority over international trade according to trade clauses. The ruling leaves Trump's trade policies in limbo, causing ripples across global markets, including increased bond yields and a potential surge in Bitcoin (BTC) to $500,000. Crypto equities are showing notable gains pre-market as investors re-evaluate their positions.