Crypto markets reel amid Supreme Court hearing on Trump tariffs
The crypto market plunged into the red zone ahead as the Supreme Court began hearing oral arguments in the case regarding the legality of President Donald Trump’s tariffs.
The total crypto market capitalization declined nearly 2% over the last 24 hours to $3.42 trillion at the time of writing.
Bitcoin (BTC) is down 1% in a day as it trades at $103,435.10. Ethereum (ETH), meanwhile, has fallen more than 5% to trade at $3,362.08.
XRP also fell 2.5% to trade at $2.25 and SOL 3.5% to $158.80. BNB seemed to be faring slightly better as it has lost only 0.5% in value, trading at $957.35.
As per SoSoValue, spot Bitcoin ETFs have seen an outflow of $764.25 million and Ether ETFs an outflow of $335 million since Nov. 3.
