Swyftx analyst expects court blocking of Trump’s tariff policy to fuel BTC’s rally to $120K

The U.S. Court of International Trade has ruled to halt President Donald Trump's tariff policy, sparking speculation that Bitcoin (BTC) could rally to $120,000, Cointelegraph reported. Pav Hundal, Lead Market Analyst at Australian cryptocurrency exchange Swyftx, argued that the court's verdict was "an epic mic drop" that would boost BTC's upward momentum. As a result, Hundal expects BTC to usher in a new all-time high, adding that "the momentum is largely irreversible at this stage.” The trade war has only temporarily curbed the market's greed, the Swyftx analyst noted, while highlighting that the uptrend remains intact. The ruling has sped up the flow of money into risk assets across the U.S. and Asia, said Hundal.