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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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Recent Posts
  • Bitcoin $120K ‘epic mic drop’ rally set after US court blocks Trump tariffs
  • Eric Adams calls for Bitcoin bond in NYC, end to state BitLicense
  • Crypto lobby group says SEC should back off regulating most DAOs
  • Elon Musk leaves DOGE as job was ‘uphill battle’
  • Bitcoin in 'pivot zone' as potential consolidation looms: Analyst
  • Crypto vulnerable if CFTC not given authority, says ex-chair Behnam
  • European crypto firm K33 raises $6.2M for Bitcoin buys

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