Trump eyes 1974 Trade Act as Bitcoin slips toward $65K

Donald Trump is changing his strategy for imposing tariffs. After the Supreme Court blocked his use of the International Emergency Economic Powers Act for trade measures, the former president is now looking toward the 1974 Trade Act to keep his plans on track.

This legal shift comes at a shaky moment for the financial markets. Bitcoin is currently drifting closer to the $65,000 level as traders react to the ongoing uncertainty surrounding global trade policy. Market participants are watching closely to see how these political maneuvers will impact investor sentiment.

Legal battles over executive power often create ripples across digital asset prices. If the administration faces continued friction in the courts, market volatility may persist. Traders should keep an eye on how these trade developments affect broader risk appetite in the coming weeks.