Global risk assets came under pressure on Monday after the U.S. Supreme Court struck down most of former President Donald Trump’s emergency tariff authority, prompting renewed market uncertainty and policy volatility. In early Asian trading, U.S. futures fell while regional equities posted a mixed performance.
Cryptocurrency markets were notably weak. Bitcoin, long‑viewed by some investors as a speculative “digital gold,” slipped as much as 5 % and traded below the $65,000 level, its lowest since early February. The wider downturn in risk assets and concerns about future regulatory scrutiny of the sector weighed on prices.
The decline extends a broader correction that has seen Bitcoin lose ground from its record highs around $126,000 reached in October, with much of that gain erased amid weakening sentiment and tighter macroeconomic conditions.
Other major tokens also faced selling pressure, with Ether and other altcoins retreating in line with broader market weakness. Traders and analysts note that rising tariff concerns and shifts in U.S. trade policy have contributed to risk‑off positioning across asset classes, including digital assets.
Markets in Hong Kong led regional equity gains, with the Hang Seng advancing over 2 %, while indexes in South Korea and Australia showed mixed results. Several major Asian markets, including Japan and mainland China, were closed for holidays.
This episode underscores how macro political and economic developments, in this case, legal and policy uncertainty tied to U.S. tariffs, are increasingly feeding through to volatile asset classes such as cryptocurrencies and shaping investor behavior across global capital markets.