Bitcoin Dips Under $107,000 As Tariff Confusion Sparks Volatility

Major cryptocurrencies are trading lower after initially rallying on a U.S. court ruling striking down President Trump’s reciprocal tariffs.

Crypto markets fell for a third day after a U.S. court struck down President Trump’s sweeping trade tariffs, stoking investor uncertainty.

The Court of International Trade said Trump exceeded “any authority granted” by the International Emergency Economic Powers Act in imposing the import tariffs. The Trump administration has appealed the ruling.

Bitcoin slipped below $107,000, a 0.3% decline over the past 24 hours, while XRP gained 0.6% and SOL dropped by 1.5% during the same period. Meanwhile, ETH is flat on the day after spiking as high as $2,780 in overnight trading.

The overall crypto market capitalization dipped 2.3% to $3.5 trillion, according to Coingecko.

Among the Top 100 digital assets, memecoin SPX6900 (SPX) is today’s best performer with a 9% gain. Hyperliquid (HYPE) and Jupiter (JUP) are the biggest losers, down 7% and 6%, respectively.

Around 98,000 leveraged traders were liquidated for a total of $335 million in the past 24 hours, according to CoinGlass. Ether accounted for $111 million, while BTC made up $92 million.