Tariffs to return to the limelight
Bitcoin and ether slipped last week amid lethargic trading with low volumes and volatility, lagging record US equities. This week, attention turns to a potential Supreme Court ruling on Trump tariffs, an event due to spark significant volatility.
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Bitcoin and ether declined modestly over the past week, giving back part of the strong gains seen earlier. Trading conditions remain lethargic, with low derivatives activity, muted volumes, and subdued volatility. This stagnation contrasts sharply with U.S. equities, where the S&P 500 has reached new all-time highs after a turbulent start to the year.Geopolitical developments early in 2026, including Maduro’s imprisonment, unrest in Iran, and renewed debate over Greenland, have weighed on global risk appetite and pushed crypto further down investors’ priority lists. Attention is now shifting toward macro catalysts, most notably an expected Supreme Court
