Crypto Markets Surge on Trump Tariff Block: Analysts See Bitcoin Breakout in Sight
Crypto markets rallied sharply on Thursday as investors cheered a U.S. court decision blocking President Trump’s proposed tariffs—an event that quickly echoed across blockchain and digital asset sectors. The news lifted the major stock indices, with the Nasdaq Composite jumping 1.3% and the S&P 500 advancing 0.7%, but it was Bitcoin and altcoins that captured the spotlight, holding ground just below $108,000.
The main keyword, “crypto markets,” anchors the optimism prevailing among traders. Sentiment surged as Nvidia’s robust earnings report and the surprise legal barrier to new tariffs stoked both Wall Street risk appetite and crypto sector enthusiasm. Legal analysts noted that the U.S. Court of International Trade’s three-judge panel concluded Trump had exceeded his authority as laid out by the International Emergency Economic Powers Act, a move the White House is already challenging on appeal.
While experts at Goldman Sachs suggest the Trump administration might seek alternative channels to implement targeted tariffs, investors in digital assets appeared more focused on the potential for regulatory and economic volatility, historically a bullish setup for decentralized assets. Read why tariff-induced volatility could drive the next Bitcoin rally.
Bitcoin’s steady grip near record highs has coincided with increased institutional involvement and mounting speculation over its inflation-hedge credentials. During these turbulent policy debates, Anthony Scaramucci, founder of SkyBridge Capital, weighed in on X (formerly Twitter), writing that the tariff block could fuel a run toward decentralized finance and digital assets:
Thank you DOGE for erasing the illusion government can cut $2 trillion. Now the tariff revenue blocked and won’t help offset increased big beautiful spending.
Can bitcoin just go to $500k already.
— Anthony Scaramucci (@Scaramucci) May 29, 2025
Experts say the search for safe-haven assets remains in focus after new U.S. economic data showed GDP declining 0.2% in Q1 2025, slightly better than the expected 0.3% drop, but still weighing on risk sentiment. Additionally, jobless claims rose to 240,000—a red flag for those tracking employment’s ripple effect on crypto adoption and token prices.
Market strategists expect that ongoing monetary policy uncertainty from the Federal Reserve, as recently highlighted in the May meeting minutes, will keep volatility elevated. This dynamic often does little to slow flows into DeFi products and major tokens.
For investors seeking diversification amid shifting macro conditions, digital assets could offer critical portfolio resilience. Read more about beginner strategies for crypto trading here, or explore how major macro fears may rattle crypto market prices.
In summary, the legal block on tariffs has done more than just lift equities: it’s reignited a narrative around cryptocurrency as a strategic hedge in a world of political and economic uncertainty. As the court battle continues, market experts will be watching whether DeFi and Bitcoin can sustain their momentum and break to new all-time highs.