Mike Smith
3 days ago
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On May 28, the US Federal Trade Court made a decision that could become a turning point for the global cryptocurrency market. The court invalidated the main trade tariffs previously introduced at the initiative of Donald Trump, pointing to the abuse of presidential powers. Experts are sure: this creates the conditions for a powerful upward momentum of Bitcoin.
Pav Hundal, a leading analyst at Swyftx, called the verdict "a blow to the entire system" and noted that a powerful flow of liquidity is already being directed into the crypto market. According to him, the current dynamics indicate an approach to a new historical maximum, and the target mark of $ 120,000 is becoming more and more realistic.
He emphasizes: the effect of trade policy restrained the growth of digital assets, but did not cancel it. Since the introduction of tariffs in February, Bitcoin has fallen below $100,000 and has been below this psychological level for almost two months. Only on May 8 did the situation begin to stabilize, and now the lifting of restrictions opens the way for continued growth.
Recall that the decree on 10% import tariffs was signed in early April under the pretext of "emergency powers." These measures applied to key partners, including Canada, China, and Mexico, which caused tension in the markets and provoked a correction in crypto assets. An appeal has already been filed, but the market reaction is clearly ahead of legal proceedings.
Analysts have paid special attention to the growing interest in spot Bitcoin ETFs. According to Swyftx, in just one trading week ending May 23, $2.75 billion was invested in American funds. This confirms the change in investment sentiment and strengthens BTC's position as the main asset among risky instruments.
Hundal emphasizes that large institutional players, corporations and retail investors are simultaneously increasing their positions. According to him, options market participants are unanimously targeting a move to $120,000, and the overall demand for spot bitcoin remains stable even against the backdrop of short-term fluctuations.
The rise of digital assets is taking place against the backdrop of a growing revaluation of traditional investment strategies. Investors are seeking to lock in a share of assets with limited supply and high liquidity, reacting to macroeconomic signals much faster than in previous cycles.
