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COINTURK NEWS > Cryptocurrency News > Trump Faces Global Backlash as Court Ruling Stalls Trade Deals
Cryptocurrency News

Trump Faces Global Backlash as Court Ruling Stalls Trade Deals

In Brief

  • Trade partners are withdrawing after a new court ruling weakens Trump’s tariff policy.

  • Global uncertainty and regulatory shifts are driving instability in cryptocurrency markets.

  • Bitcoin faces mounting pressure, with lower support levels likely to be tested soon.

İlayda Peker
İlayda Peker 2 months ago
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A recent high court ruling on tariffs has rocked the international stage, prompting countries with newly signed trade agreements to push back against the United States. Instead of paying billions of dollars in tariff fees, these nations now see it as more sensible to invoke the court’s decision and threaten to cancel their deals with former president Donald Trump. Yesterday, the European Union halted approval of its latest trade pact for this very reason. Trump did not hide his frustration, and further comments from him are expected today.

Contents
Cryptocurrencies Sway as Global Tensions EscalateWhat Lies Ahead for Crypto?

Cryptocurrencies Sway as Global Tensions Escalate

As geopolitical tensions between the US and Iran intensify, Iran’s top officials—Hamaney among them—are reportedly preparing their successors and readying for potential conflict. In the financial realm, crypto markets have been equally volatile. Outflows from Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) persist. Despite institutional investors like Michael Saylor’s Strategy boosting their BTC reserves to 717,722 coins last week, the average buy-in remains well above spot prices, leaving MicroStrategy shareholders deep in the red.

Ethereum co-founder Vitalik Buterin appears to be making preparations for tougher times ahead as well, offloading a further $7.3 million worth of ETH over just three days following recent declines. Meanwhile, whispers about trading giant Jane Street’s involvement in the dramatic LUNA crash of 2022 have turned into formal legal action, suggesting a reckoning for the major market makers and investment firms behind the collapse is imminent.

Market researcher ZachXBT announced plans to expose an insider trading case involving one of crypto’s largest players, with details set to emerge on February 26. The identity of the company is still under wraps, but speculation is mounting. If a firm with its own token, or one closely tied to tokens, is implicated, expect intense volatility in the market. Though rumors swirl around WLFI, some believe the scenario is just market manipulation via “Pumpfun.” Either way, clarity is expected by Thursday.

On the regulatory front, the US Securities and Exchange Commission (SEC) has adjusted mandatory reserve ratios for brokerage firms holding stablecoins, dropping the requirement from 100% to just 2%. This major shift is likely to fuel even greater demand for stablecoins in the days ahead.

What Lies Ahead for Crypto?

The recent downturn in the crypto markets was hardly a surprise to insiders. Bitcoin was unable to push past the $72,000 resistance level, a move seen as absolutely necessary for any hopes of a bullish reversal. When it failed, the logical next step was a test of lower support levels. After slipping below the $69,000 mark, further downward moves saw Bitcoin breaching $66,000 and then $65,000. Most recently, it has tumbled past $63,000, with technical indicators suggesting that a test of $56,000 could occur soon. The market context right now seems much more suited to lower lows than new highs.

The court’s decision on tariffs is proving to be a thorn in Trump’s side, but its effects are resounding further, dampening market sentiment across the board. There are now questions over whether countries will cancel agreements they made with Trump, whether the US and China will lock horns again, and if the EU will follow through on previous investment commitments after holding off on the trade deal. Trump has vowed to take tough action against trade partners resisting his tariffs or hiding behind court rulings. But with support for Trump waning—even some within the Republican Party are taking public positions against him as the midterm elections approach—there’s speculation that he might respond with greater aggression. The uncertainty, fear, and doubt generated by these developments is feeding directly into what is now a visually painful crypto market.

“We’re watching a situation where Trump’s authority is being undercut by the court, leaving trade partners emboldened to reconsider their deals,” European Union officials explained, signaling that the current landscape is both unpredictable and precarious for market participants.

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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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İlayda Peker 24 February, 2026 - 5:20 pm 24 February, 2026 - 5:20 pm
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