Global Markets React: US Futures, Bitcoin Decline, Asia Mixed Following Supreme Court Tariff Decision
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Bitcoin Plunges, US Futures Fall as Supreme Court Nixes Trump Tariffs; Asian Markets Mixed
M
Moneycontrol•23-02-2026, 13:50
Bitcoin Plunges, US Futures Fall as Supreme Court Nixes Trump Tariffs; Asian Markets Mixed
•US futures dropped and Bitcoin tumbled over 5% below $65,000 after the Supreme Court struck down most of Donald Trump's tariffs.
•Asian markets showed mixed reactions; Hong Kong's Hang Seng surged 2.2%, while South Korea's Kospi edged lower and Australia's S&P/ASX 200 shed 0.6%.
•Bitcoin has lost nearly half its value since its October 6 record high of $126,210.50, driven by investor pullbacks from speculative assets and regulatory concerns.
•Trump vowed to impose new tariffs via executive order, proposing a 10% global tariff, later raised to 15%, and exploring other avenues, creating market uncertainty.
•Akamai Technologies dropped 14.1% due to a lower-than-expected profit forecast, indicating the impact of computer memory shortages from the AI boom.