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Bitcoin $120K ‘epic mic drop’ rally set after US court blocks Trump tariffs

cryptoweekly by cryptoweekly
May 29, 2025
in bitcoin, News
0

Swyftx lead analyst Pav Hundal says “a wall of money” is coming into Bitcoin after a US court blocked Donald Trump’s tariffs.

Bitcoin is poised to rally toward $120,000 after a US federal court blocked the majority of President Donald Trump’s tariffs, a crypto analyst says.

“The trade court decision was an epic mic drop, and it’s going to intensify momentum behind Bitcoin,” Swyftx lead analyst Pav Hundal told Cointelegraph. 

The US Court of International Trade reportedly blocked Trump from imposing his tariffs on May 28, arguing that he overstepped his authority.

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  • US Bitcoin ETFs hit 8-day inflow streak despite Middle East tensions
  • Elon Musk’s AI firm xAI faces lawsuit over data center air pollution
  • ‘Crypto-native’ asset managers quadruple onchain holdings since January
  • Iran orders crypto exchange curfew after $100M Nobitex hack
  • ‘Stablecoin summer’ as Coinbase, Circle surge on stablecoin bill
  • Trump on GENIUS stablecoin bill: ‘Get it to my desk, ASAP’
  • Czech gov’t resists 4th overthrow attempt amid $45M Bitcoin scandal

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