supreme

U.S. President #Donald Trump has announced new tariffs on some European countries for their opposition to the U.S. plan to take over Greenland. This comes ahead of the Supreme Court’s ruling on whether the Trump tariffs are legal, which could come as soon as next week.
Trump Announces Tariffs On 8 European Countries
In a Truth Social post, the U.S. #president stated that they will change 10% tariff on any and all goods from Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands, and Finland, starting February 1. He further declared that these tariffs will increase to 25% on June 1.
He also mentioned that this tariff will remain due and payable until they reach a deal for the complete and total purchase of Greenland. Interestingly, this development comes just ahead of a #Supreme Court ruling on the Trump tariffs. The court will determine whether the president has the authority to impose these tariffs under the 1977 International Emergency Economic Powers Act.
Explaining the rationale for these latest tariffs, Trump highlighted how these countries had moved into Greenland for “purposes unknown,” although likely to defend against the U.S. move to take over Greenland. He claimed that their move is a “very dangerous situation for the safety, security, and survival” of this planet.
“Therefore, it is imperative that, in order to protect Global Peace and Security, strong measures be taken so that this potentially perilous situation ends quickly, and without question,” the president said while announcing the latest tariffs. He added that the U.S. is open to negotiation with Denmark and any of these other countries.
The $BTC price remained largely unchanged following the announcement of these Trump tariffs. The flagship crypto is currently trading at around $95,200, down in the last 24 hours.

The U.S. Supreme Court has set an opinion date of January 20th, which many are expecting could mean a long-awaited decision on the authority of President Donald Trump to impose tariffs on imports and exports. The decision could have far reaching implications for U.S. trade policy and executive authority.
Will Trump’s Tariffs Remain In Place After Supreme Court Hearing?
The U.S. #Supreme Court confirmed that it will announce opinions on Tuesday, but did not indicate which of the pending cases will be heard. The first opinion will be released at 10 am EST on Tuesday. Hence, markets, governments, and businesses are all keeping a close eye on the decision of the court regarding Trump’s imposition of tariffs on imported goods.
Trump’s authority to impose tariffs was challenged in court with the argument that he does not have the right to do so under the 1977 #National Emergency Act. The tariffs challenged by Trump’s opponents include those imposed on imports into the U.S. (up to 50% in some cases).
It also includes tariffs on imports from Canada, Mexico, and China due to national security and fentanyl trafficking issues. Recent trade developments, such as Taiwan’s U.S. tariff adjustments show that court decisions can result in the immediate alteration of global trade flows.
While a decision on the #tariffs could occur as early as next week, there is a possibility that the decision will be delayed until at least late February. In addition to affecting U.S. trade policy, a decision by the U.S. Supreme Court could affect global trade policy if the decision favors the imposition of tariffs. This could result in a significant shift in the way trade agreements are enforced globally.
Supreme Court Decision Will Affect Global Trade Policy
The timing of the decision is significant. While the U.S. Supreme Court normally releases opinions only while in session, the justices will meet one final time before going into their long winter recess on Wednesday. The court’s schedule has been uncertain as indicated by a Supreme Court tariff ruling delay report that has lengthened the period of time that markets have had to anticipate a decision.
There appears to be some question among the justices as to whether Trump has gone too far in implementing tariffs under the emergency powers act. In addition, there were several indications of doubt as to whether the emergency powers act should be used for broad economic policy objectives.
A decision that goes against Trump could severely limit the scope of his trade agenda, and represents the most serious loss of a case in court since he returned to office.
Analysts say that a decision against #Trump could result in billions of dollars in financial losses. Many importers have said that they expect to receive more than $130 billion in refunds because of tariffs that were implemented as part of Trump’s trade policy.
Global markets are already anticipating and pricing-in potential volatility related to the Supreme court decision. Additionally, manufacturers and retailers will be highly affected by any changes to the tariff policies that are currently in place.
Are Foreign Governments Concerned About Expansion of Trump’s Tariff Authority?
Many foreign governments are also paying attention to the decision. Many U.S. allies believe that the tariffs imposed by Trump disrupted trade relationships and increased the cost of living for consumers. Those cost pressures are now extending beyond trade, and are compounded by the potential financial burden associated with the tariff risks.
According to officials in the administration, the tariffs were needed to protect national interests, and the law allows the president to take a number of actions during an emergency, including imposing tariffs.
Officials claim that the law gives the president broad discretion during declared emergencies. A favorable #decision for Trump could provide him with significant additional authority to implement tariffs and other trade-related policies as he sees fit. It could also embolden future presidents to utilize similar authority.

#Bitcoin price has moved into a decisive phase as $BTC price trades above a former consolidation ceiling. Price just left an accumulation range that limited upside since the end of November. This move coincided with increased macro sensitivity, which was caused by the uncertainty concerning the tariff decision by the U.S. Supreme Court.
While the ruling remains unresolved, Bitcoin price has continued responding to internal structure rather than headline volatility. Price behavior is now characterized by sustained participation and not by range-bound hesitation.
Tariff Ruling Outcome Keeps Bitcoin Price Exposed
BTC price remains sensitive to the #Supreme Court tariff case because the outcome carries asymmetric macro consequences. While the supreme court delayed issuing a ruling, markets are already pricing the decision itself. 
According to #Polymarket , the likelihood of the court declaring the tariffs to be illegal sits around  67%. Such an outcome would mean more than $600 billion in potential refunds, which would have a significant relaxing effect on the financial situation.
This matters for Bitcoin price because such an outcome would weaken fiscal restraint and raise liquidity expectations. Risk assets usually gain in that case because the capital does not move towards defensive positioning. Bitcoin historically responds positively when liquidity expectations expand, even before policy changes materialize.
However, a ruling in favor of the tariffs would still reshape market expectations. The decision supporting the tariffs would also strengthen stricter terms and maintain ambiguity regarding the trade expenses. That scenario could pressure risk appetite and slow BTC price momentum. 
Therefore, despite the delay, Bitcoin price continues reacting to the expected outcome, not the timing. Markets trade probabilities, which keeps Bitcoin price structurally responsive rather than directionless.
Trump’s Tariffs Odds Chart (Source: Polymarket)
Cup-and-Handle Breakout Reshapes Price Structure
Bitcoin price has finally broken the accumulation range that limited a break since late November last year. The breakout confirms the cup and handle pattern breakout above the supply zone around $94,000. BTC has managed to flip this resistance zone to support. At the time of writing, Bitcoin market value sits around $97,000.
This move followed a 4% daily surge ignited by the CPI data release. The CPI catalyst came with a positive impact on the price structure. BTC is now targeting to reclaim the $100,000 level. The structure reflects stronger buyer control than the prior range behavior.
The DMI indicator highlights extremely bullish conditions. The +D signal line crossed above the -D signal line at the 21 level. This occurred on Monday, 12 Jan. BTC gained momentum below the $92k level. This activity signalled buyers taking control of the structure.
After the crossover, the +D signal surged to 47.30. At the same time, the -D dropped to 9.8. The ADX confirms momentum strength at 32, above the 25 threshold. Ultimately, BTC reclaiming $100k appears a matter of time, strengthening the long-term BTC price prediction.
BTC/USD 4-Hour Chart (Source: TradingView)
To sum up, Bitcoin price continues to trade from a position of structural control as long as the BTC price holds above the $94,000 support zone. Notably, the the price action expansion does not reflect reactive positioning , but rather sustained buyer dominance. 
Continuation would only be weakened in the case of a breakdown below this level. However, the technical structure, momentum alignment, and macro uncertainty resilience are currently in favor of reclaiming $100,000. 

The U.S. Supreme Court has again failed to rule on the #Trump tariffs, further delaying its much-anticipated decision on the case, which could impact global trade relations. This development comes even as crypto traders continue to bet that the justices will rule against the president’s authority to issue these tariffs.
Supreme Court Does Not Rule On Trump Tariffs
The #Supreme Court did not rule on the tariffs case today, even as it gave opinions on three cases. This is the second time this year that the court has failed to issue a ruling in the tariffs case.
CoinGape reported last week that the court did not rule on the Trump tariffs on January 9, the first opinion day of the year. Attention will now turn to Friday, January 16, which is the next opinion day.
The court will decide whether the U.S. president has the authority to issue these tariffs under the International Emergency Economic Powers Act. This case is significant for the crypto market, as it sparked a drawdown last year, with $BTC dropping to as low as $74,000.
As such, a ruling against the Trump tariffs could mark a positive for $BTC and the broader crypto market. Moreover, it would come at a time when the flagship crypto is reaching new yearly highs, rising to as high as $97,000 today.
Crypto traders are currently betting on the Supreme Court ruling against the tariffs. Polymarket data show only a 31% chance that the justices will rule in favor of the Trump administration. Meanwhile, it is worth noting that the U.S. president has signaled that the administration has alternatives, even if the court rules against these tariffs, indicating that these taxes could be reinstated as quickly as the court strikes them down.

#Bitcoin climbed back above $94,000 on Tuesday as traders priced political risk tied to Trump tariffs. The move came ahead of a U.S. Supreme Court ruling that could reshape the president’s authority on global trade duties.
Bitcoin Lifts Altcoins as Trump Tariffs Ruling Nears
The rebound of Bitcoin was followed by Altcoins. Ethereum increased 3.21% to reach $3,207, and $XRP surged over $3.5% over the past day. The wider market followed $BTC as it regained a loss over the weekend.
The #Supreme Court is examining the legality and implications of the broadest tariffs by Trump. The case focuses on the imposition of worldwide responsibilities on trade partners by the president. As CoinGape reported earlier White House adviser Kevin Hassett said the administration has alternative options if the court rules against Trump tariffs.
The court heard arguments in early November. During the hearing, both conservative and liberal justices raised skeptical questions about the method used to impose the duties. That scrutiny has kept markets focused on the ruling’s potential fallout.
The court was expected to rule last week, but it delayed the decision. As CoinGape reported that the next opinion day would be Wednesday, Jan. 14. The timing has turned the ruling into a key short-term event for traders.
BTC Holds $94K as Trump Tariffs Decision Looms
Trump has cast this decision in especially high stakes. He has called the prospect of losing the ability to tariff other countries a “terrible blow” to the United States. Trump said a ruling against the country would be terrible.
U.S. Treasury Secretary Scott Bessent discussed the financial outcome of a potential loss. He asserted that the Treasury possesses sufficient funds to meet the expenses related to refunds in the event that the tariffs are invalidated. 
The political uncertainty is being responded to by the crypto markets. According to Polymarket, this is only a 27% possibility that the Supreme Court will support the tariffs. It means that traders want the court to restrict the powers of Trump in terms of tariffs.
Source: Polymarket
Bitcoin recovered after a short dip earlier this week. BTC rebounded following weekend support at approximately $91,000. The recovery took the focus back to the above $94,000.
Market tone was also influenced by the data of inflation. U.S. Consumer Price Index data revealed that December inflation was steady at 2.7% as anticipated. Core CPI was also below the analysts expectations and this alleviated rate fears.