Global Markets Reel After Supreme Court Rejects Trump Tariffs

The US stock market and global cryptocurrencies experienced significant fluctuations on Monday following the Supreme Court's decision to reject most of President Donald Trump's tariffs. As a result, US futures dropped sharply.

Bitcoin also suffered a substantial decline, with its value plummeting by as much as 5% in early trading. This drop below $65,000 marks another milestone in the cryptocurrency's downward trend since it reached an all-time high of $126,210.50 on October 6th.

The sell-off in Bitcoin has been attributed to investors pulling out of speculative assets and concerns about future regulatory frameworks for cryptocurrencies. This trend is evident as many digital currencies have experienced significant losses in recent weeks.