BTC Reclaims $97K After Supreme Court Delays Trump Tariff Ruling

Bitcoin moved back above $97,000 after the US Supreme Court delayed an immediate ruling on Donald Trump’s tariff case. The delay removed near-term legal clarity and triggered renewed activity across digital asset markets.

The court confirmed the case would not be resolved today, extending uncertainty around the future of the tariffs. Market participants tracked the decision closely because of its potential influence on trade policy and risk sentiment.

Bitcoin Breaks $97,000

BTC rose sharply during the US session and broke above $97,000 shortly after the court update. CoinGecko data shows the price reached $97,700 before easing toward $96,746 at press time.

The move followed a period of consolidation, suggesting markets reacted quickly to the absence of negative legal news. Price action showed strong momentum as buying pressure increased within a short timeframe.

Liquidation data shows more than $700 million in short positions were cleared during the past day. This rapid unwind added force to the rebound, with bitcoin jumping about $2,100 within sixty minutes.

Broader crypto markets also reacted as the total market value expanded sharply following the price move. Data shows the crypto market added roughly $290 billion in value during the first two weeks of 2026.

Prediction markets reflected the shift, with Kalshi assigning a 75% chance of BTC reaching $100,000 this month. Such expectations highlight how legal and macro signals can shape short-term digital asset pricing.

Supreme Court Postpones Decision on Emergency Tariff Powers

The Supreme Court had been expected to release opinions on tariffs imposed under the International Emergency Economic Powers Act. The justices declined to act today and provided no timeline for a future decision.

The case carries global weight because it could reshape US trade policy and affect relationships with major partners. It also tests the limits of presidential emergency powers and their reach into domestic economic policy.

The dispute focuses on a reciprocal tariff framework announced in April 2025 by the Trump administration. The plan includes broad and country-specific tariffs, including rates reaching fifty percent on selected imports.