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COINTURK NEWS > Cryptocurrency News > Supreme Court Tariff Decision Drives Volatility in Bitcoin Markets
Cryptocurrency News

Supreme Court Tariff Decision Drives Volatility in Bitcoin Markets

In Brief

  • Bitcoin struggles below $70,000 as markets await significant U.S. Supreme Court and economic decisions.

  • This week’s events heighten risk aversion, leading to volatility in cryptocurrency prices.

  • Traders remain cautious as both legal and economic uncertainties weigh on market sentiment.

Fatih Uçar
Fatih Uçar 4 weeks ago
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Bitcoin dipped below $68,000 after multiple failed attempts to surpass the $70,000 threshold, touching a daily low of $67,294. This pullback comes as no surprise to seasoned market watchers, with traders embracing risk aversion throughout the week due to the combined anticipation of a key Supreme Court ruling and critical economic data releases. So why is this particular week fraught with so much uncertainty for Bitcoin and the broader crypto landscape?

Supreme Court Tariff Ruling Raises Uncertainty

All eyes are on the Supreme Court as it prepares to deliver its long-awaited decision on customs tariffs on February 20. In this climate of waiting, Bitcoin’s recent foray above $70,000 carries little lasting significance; genuine signs of recovery would require a decisive break above $72,000, with sustained closes above $70,800 needed to fuel real optimism for the bulls.

Contents
Supreme Court Tariff Ruling Raises UncertaintyPCE Report and Fed Minutes Awaited

Despite a short-lived upswing over the weekend, Bitcoin failed to maintain upward momentum, largely due to the imminent tariff ruling. With the decision likely to be announced after a series of postponements, the market remains on edge, anticipating volatility as the outcome could shift sentiment sharply.

A repeal of the tariffs could spark chaos, posing clear headwinds for cryptocurrencies. The November 6 hearing had already set the tone, with the jury appearing inclined to rule against Trump—prompting a market drop. When the court’s verdict was anticipated in January, similar declines followed. Now, with another decision likely this week, traders are bracing for further turbulence, especially after the most recent adjournment increased the probability of a ruling finally being made.

In brief, those who viewed Bitcoin’s flirtations with $70,000 as an opportunity for short-selling have been vindicated by recent developments.

PCE Report and Fed Minutes Awaited

Friday brings the release of the Personal Consumption Expenditures (PCE) index, while Wednesday will see the publication of minutes from the latest Federal Reserve meeting. Both are set to shape market expectations for the Fed’s interest rate trajectory. The unifying thread tying together these three major events—the court decision, PCE data, and Fed minutes—is their tendency to dampen appetite for risk. In uncertain times like these, even the anticipation of potential setbacks can exert downward pressure, and actual negative outcomes could further accelerate selling in both traditional and crypto markets.

Should the Fed minutes reveal unexpectedly hawkish language regarding rate cuts planned for 2026, Wednesday could see an increase in market volatility. Since the central bank postponed further cuts during the January meeting, investors are hungry for clues explaining the rationale behind this pause, with any signals likely to prompt swift market reactions.

The consensus forecast for core PCE inflation stands at 2.9% annually—a modest 0.1 percentage point increase. Should the reading surpass expectations, it would reinforce the wisdom of the Fed’s decision to halt rate cuts amid recovering employment figures, strengthening the central bank’s cautious approach.

In summary, this week is marked by heightened risk, which is likely to keep cryptocurrencies under pressure as uncertainty prevails.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Fatih Uçar 16 February, 2026 - 7:20 pm 16 February, 2026 - 7:20 pm
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