Bitcoin rose after a court ruled tariffs imposed under the International Emergency Economic Powers Act unconstitutional, allowing the price to resume its upward move. As of 10:25 a.m. on the 21st, Bitcoin traded up 0.93% at 99,970,000 won on a major Korean exchange, bringing the 100 million won threshold back into sight. The previous day’s volatility around that level gave way to renewed upside as investor sentiment improved, with the dollar price up 0.88% to $67,870, briefly surpassing $68,000 after the ruling.
Major altcoins also advanced, with Ethereum up 1.08%, Solana up 1.80%, and Ripple up 1.64%, reflecting a broad risk-on rebound. CoinDesk noted that despite tariff headlines, markets absorbed the news quickly, and Bitcoin is approaching key resistance levels.
Analysts cautioned that whether this marks a sustainable upturn will depend on broader macro variables, with some foreseeing the market could remain range-bound absent a clear macro shock. Wincent’s Paul Howard, a director, said that in the absence of a pronounced macro shock, the market is likely to continue in a box-range for the near term.
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