Bitcoin, Dogecoin Dip, Ethereum Gains As Court Strikes Down Trump’s Tariffs: Analyst Anticipates BTC All-Time High ‘In A Couple Of Days’ If This Happens
Leading cryptocurrencies fell on Wednesday even as a federal court blocked President Donald Trump’s sweeping tariffs.
| Cryptocurrency | Gains +/- | Price (Recorded at 9:30 p.m. ET) |
| Bitcoin (CRYPTO: BTC) | -0.91% | $107,931.14 |
| Ethereum (CRYPTO: ETH) |
+2.43% | $2,707.97 |
| Dogecoin (CRYPTO: DOGE) | -1.12% | $0.2240 |
What Happened: Bitcoin dipped sharply in the early trading hours, falling below $107,000 before regaining $108,000 overnight.
Ethereum erupted above $2,700 late in the day, extending its 24-hour gains to 2.43%.
The overnight surge came after a federal court struck down global tariffs imposed by Trump under the Emergency Powers Act. The decision, delivered by the U.S. Court of International Trade, could put an end to trade war fears gripping the capital asset markets.
Over $232 million was liquidated from the cryptocurrency market in the last 24 hours, with bullish long bets accounting for $165 million.
Bitcoin’s Open Interest rose 1.28% in the last 24 hours, while Ethereum recorded a 4.46% jump. The percentage of Binance traders placing bullish bets on Bitcoin jumped above 50%, suggesting increased optimism.
The “Greed” sentiment rose from 71 …
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