Crypto Markets React to Supreme Court Tariff Ruling; ETH, BTC, HBAR See Varied Activity
Crypto Markets React to Supreme Court Tariff Ruling; ETH, BTC, HBAR See Varied Activity
The Supreme Court's decision to strike down former President Donald Trump's global tariffs has injected a sense of relief into broader financial markets, including cryptocurrencies, by removing a significant source of economic uncertainty. However, this general positive sentiment is juxtaposed with specific challenges and movements within individual crypto assets.
Ethereum (ETH) is experiencing a complex period, with whales dumping billions while technical analysis flashes potential 'bottom signals.' Bitcoin (BTC) recently faced a 'critical test' tied to the Supreme Court's deliberation on tariffs. Meanwhile, Hedera's HBAR token is struggling to maintain upward momentum, repeatedly hitting resistance despite returning buyer interest. In a forward-looking development, CME Group has announced the launch of 24/7 crypto futures and options trading starting May 2026, underscoring growing institutional interest in the digital asset space.
Supreme Court Ruling Lifts Market Sentiment
In a landmark decision, the Supreme Court of the United States ruled against former President Donald Trump's broad global tariffs, determining that he exceeded his authority. This move was widely seen as a removal of economic uncertainty, leading to a relief bounce across US financial markets and cryptocurrencies. The initial lifting of risk appetite, however, is met with caution regarding future economic implications.
Ethereum Whales Create Volatility Amidst Mixed Signals
Despite broader market shifts, Ethereum (ETH) has demonstrated independent volatility. Reports indicate significant whale activity, with $2.7 billion in ETH being dumped. This aggressive selling has prevented the altcoin king from regaining decisive bullish momentum. Yet, analysts are also noting that current market structures are flashing 'bottom signals,' suggesting potential for a recovery, even as whale selling continues.
Bitcoin's Lifeline Tested by Tariff Uncertainty
Prior to the Supreme Court's ruling, Bitcoin's multi-year lifeline was described as facing a 'critical test' as the court weighed the implications of Trump's tariffs. While the eventual decision brought general relief to risk assets, the framing highlighted the sensitivity of major cryptocurrencies to macro-economic and regulatory decisions, even when not directly related to crypto itself.
HBAR Struggles with Resistance Despite Buyer Interest
Hedera's native token, HBAR, has been attempting to recover lost ground, with buyers returning and pushing the price towards the $0.10 threshold. However, resistance at this level has proven formidable, preventing a decisive breakout. Momentum has stalled, limiting upward progress and indicating a continuing struggle for the asset to establish a clear bullish trend.
CME Group to Launch 24/7 Crypto Futures
Looking ahead, CME Group has announced plans to launch 24/7 cryptocurrency futures and options trading on CME Globex, effective May 29, 2026. This strategic move follows a record year in 2025, where the platform recorded $3 trillion in notional volume across its crypto derivatives. This expansion signifies a growing mainstream adoption and institutionalization of crypto derivatives markets.