Trump’s Tariffs Blocked by Federal Court

The U.S. Court of International Trade has struck down Trump’s “Liberation Day” tariffs, ruling they were unlawfully imposed under the International Emergency Economic Powers Act. The dramatic trade measures—launched with Trump’s trademark fanfare—triggered short-term market volatility, but have now been rendered legally void. For contrarians, it was a chance to accumulate. As the dust settles, the broader takeaway is clear: even with Trump back in the Oval Office and executive orders flying, institutional checks still matter.

Bitcoin caught a brief relief bid on the ruling, but still closed the day in the red. With the courts blocking the tariffs, the real question is whether markets will still react bearishly to future trade posturing, or whether legal pushback has now been priced in.

BTC2025 Las Vegas: Political Power Meets Protocol

BTC2025 is underway in Las Vegas, and it’s not just crypto-native voices taking the stage. Bilal Bin Saqib, CEO of Pakistan’s Crypto Council, announced the country already holds Bitcoin and has no plans to sell—aiming instead to establish a BTC strategic reserve.

Vice President JD Vance also took the spotlight, delivering one of the strongest political endorsements for Bitcoin yet. He called for immediate passage of the market structure bill and pledged a Trump administration would “fire anti-crypto regulators.” Crucially, Vance rejected the idea that Bitcoin competes with the dollar, instead describing BTC as a strategic asset for the United States—with over 100 million Americans soon to own some. The message: institutional alignment is coming.

US-China: From Handshakes to Hard Lines

Just two weeks after a tariff détente between the US and China, tensions have spiked again. Overnight, the US ordered chip designers to halt sales to China, paused exports of chip software and jet engine tech, and began revoking visas of Chinese students allegedly linked to the Communist Party or studying in sensitive fields.

Quite the contrast from the 90-day tariff truce we saw earlier this month. Now the question is—how, and when, will China respond?

Stormrake Spotlight: Bittensor (TAO) ($435)

TAO lost 3% yesterday, slipping back below CPR support. But once again, the 21EMA is proving dependable, holding firm as short-term support. TAO remains stuck in a broad consolidation, though it continues to lean slightly bullish as long as the 21EMA holds. A push toward recent highs remains on the table.

BTC/USD Key Levels and Price Action:

Bitcoin bounced cleanly off key support, preserving the consolidation range it’s been in for nearly a week. The structure remains neutral, with a slight bearish tilt—momentum indicators are soft, and the 55EMA remains above the 21EMA.

Until a breakout or breakdown materialises, BTC stays rangebound. The next catalyst is what we wait for.

BTC Total ETF Flows for 28 May: $ - 48.3 million

*All prices are denominated in USD unless stated otherwise*

Written by Alexandar Artis

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