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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
  • GENIUS Act to spark wave of ‘killer apps’ and new payment services: Sygnum
  • Divine Research issues unbacked crypto loans using Sam Altman’s World ID
  • Pudgy Penguins denies OpenSea acquisition rumors, focuses on partnerships
  • Bitcoin OGs ‘faith shaken’ comment stirs heated debate in community
  • Bitcoin ‘up year’ is 2026, and the four-year cycle is dead: Bitwise
  • XRP dip was a ‘healthy correction,’ Ether supply shock: Hodler’s Digest, July 20 – 26
  • Solo Bitcoin miner scores $373,000 block reward

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