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Bitcoin shrugs off Trump's new tariffs, near
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Bitcoin shrugs off Trump's new tariffs, near
Bitcoin shrugs off Trump's new tariffs, nears $68,000 as altcoins lead modest bounce
Bitcoin shrugs off Trump's new tariffs, nears $68,000 as altcoins lead modest bounce
Crypto prices edged higher on Friday despite a splash of tariff turbulence after the U.S. Supreme Court ruled Trump's levies illegal.
By Krisztian Sandor|Edited by Stephen Alpher
Feb 20, 2026, 9:20 p.m.
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Bitcoin (BTC) price (CoinDesk)
What to know:
- Bitcoin climbed toward $68,000 on Friday despite a fresh 10% global levy from Trump after the Supreme Court's pushback.
- The CoinDesk 20 Index rose 2.5%, with BNB, DOGE, ADA and SOL leading gains.
- One trader said that prices will likely stuck rangebound barring any macro shocks.
Bitcoin BTC$67,763.93 brushed aside a volatile round of U.S. tariff headlines on Friday, inching toward $68,000 and altcoins modestly bouncing.
The day began with the U.S. Supreme Court ruling President Donald Trump’s global tariff rollout illegal. The decision did not clarify what should happen to tariff revenue already collected, and it doesn’t necessarily spell the end of Trump’s trade agenda, with multiple legal and executive avenues still available.
STORY CONTINUES BELOW
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By the afternoon, President Trump announced an additional 10% global tariff to be rolled out under Section 122 for roughly five months, effective in three days.
The fresh levy, imposed on top of existing tariffs, barely dented sentiment.
Risk assets, including crypto, pushed modestly higher through the session. The broad-market CoinDesk 20 Index gained 2.5% over the past 24 hours, with BNB, DOGE$0.1005, ADA$0.2843 and Solana (SOL) outperforming with 3%-4% advances. Bitcoin was recently trading just below $68,000.
Meanwhile, the S&P 500 and Nasdaq 100 climbed 0.9% and 0.7%, respectively. Among crypto-linked stocks, exchange Coinbase (COIN), stablecoin issuer Circle (CRCL) and bitcoin treasury firm Strategy (MSTR) rose more than 2%. Bitcoin miners tied to AI infrastructure buildouts underperformed, with Riot Platforms (RIOT), Cipher Mining (CIFR), IREN and TeraWulf (WULF) falling 3%-6%.
Cryptos to stay rangebound
"We have seen a small rally for risk assets post-tariffs news as it leads into a narrative that tariffs are damaging for the macro environment," said Paul Howard, director at trading firm Wincent.
Still, conviction remains light that prices could break out to the upside from the current tight range. "Volumes, however, remain muted and we can expect crypto to maintain range bound trading for the time being" barring any "macro or geopolitical shocks coming," Howard added.
A key potential macro risk could be Trump ordering strikes against Iran over the next few days, following the significant military buildup in the region for weeks now.
Market WrapBitcoin NewsDonald Trump
More For You
Bitcoin pops then drops as Supreme Court strikes down Trump tariffs
As has been typical in crypto markets of late, even the most modest move higher was met with immediate selling.
What to know:
- The U.S. Supreme Court struck down President Trump's tariffs.
- The news quickly sent bitcoin higher by about 2% to above $68,000, but the gains proved fleeting, with BTC quickly returning to the $67,000 level.
- Earlier Friday, U.S. economic data showed slower than expected economic growth alongside higher than hoped inflation.
Read full story
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