BTC unfazed by Trump tariff news; DOGE, SOL, ADA lead modest bounce

Bitcoin Brushes Off Tariff Turmoil, Eyes $68K as Altcoins Rally

Bitcoin (BTC) shrugged off a volatile barrage of U.S. tariff headlines on Friday, inching ever closer to the $68,000 mark while altcoins staged a modest but spirited rebound. The day kicked off with a bombshell Supreme Court ruling declaring President Donald Trump’s global tariff rollout illegal—yet the decision left markets guessing, offering no clarity on what should happen to tariff revenue already collected and leaving Trump’s trade agenda very much alive via legal and executive loopholes.

By afternoon, Trump doubled down, announcing an additional 10% global tariff to be implemented under Section 122 for roughly five months, effective in just three days. The fresh levy, layered atop existing tariffs, barely registered as a speed bump for sentiment.

Risk assets, including crypto, pushed higher through the session. The broad-market CoinDesk 20 Index gained 2.5% over the past 24 hours, with BNB, Dogecoin (DOGE), Cardano (ADA), and Solana (SOL) leading the charge with 3%-4% advances. Bitcoin itself was trading just shy of $68,000, teasing a potential breakout.

Meanwhile, traditional markets joined the risk-on mood: the S&P 500 climbed 0.9% and the Nasdaq 100 rose 0.7%. Among crypto-linked stocks, Coinbase (COIN), stablecoin issuer Circle (CRCL), and bitcoin treasury firm Strategy (MSTR) all jumped more than 2%. Bitcoin miners tied to AI infrastructure buildouts, however, lagged—Riot Platforms (RIOT), Cipher Mining (CIFR), IREN, and TeraWulf (WULF) fell 3%-6%.

Cryptos to Stay Rangebound—For Now

“We’ve seen a small rally for risk assets post-tariffs news, feeding into the narrative that tariffs are damaging for the macro environment,” said Paul Howard, director at trading firm Wincent.

Yet conviction remains light that prices will break out to the upside from the current tight range. “Volumes, however, remain muted, and we can expect crypto to maintain range-bound trading for the time being,” Howard added, barring any “macro or geopolitical shocks coming.”

One looming macro risk: Trump ordering strikes against Iran in the coming days, following weeks of significant military buildup in the region.

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