Bitcoin has been the center of attention yet again, with its price breaking through a two-month consolidation phase, signaling a bullish breakout. This movement came after the release of the latest Core Consumer Price Index (CPI) figures, reigniting hope for a further rally in the cryptocurrency market. Traders now prepare for heightened volatility as two critical U.S. events unfold, potentially shaping the market’s next move.
Core CPI Data Sparks Bitcoin Rally
The latest CPI data has evidently acted as a catalyst for Bitcoin’s recent breakout, with market sentiment shifting toward a bullish outlook. Historically, cryptocurrency markets have been closely tied to inflation outlooks and monetary policy sentiment, making this breakout all the more significant. Traders are eagerly watching to see if Bitcoin can sustain its momentum and push towards the next psychological milestone of $100,000.
Upcoming U.S. Supreme Court Tariff Ruling
Adding to the mix of market-moving events, the U.S. Supreme Court is poised to make a pivotal decision on tariffs imposed during the Trump administration. A potential repeal of these tariffs could ease inflation concerns and boost Bitcoin by reducing economic policy uncertainties. However, analysts warn of potential spillovers into traditional markets, which could briefly drag the crypto sector down.
Historically, tariff-related announcements have had a profound impact on both traditional and cryptocurrency markets. In April 2025, sweeping tariffs sent Bitcoin prices into a temporary nosedive. A similar reaction could be expected depending on the direction of the court’s ruling.
Progress on the Digital Asset Market Clarity Act
Another key development in focus is the Senate’s progress on the Digital Asset Market Clarity Act. This legislation aims to establish clearer guidelines for regulating digital assets and exchanges, a move that could significantly bolster investor confidence and drive new capital inflows into the crypto space. Crypto enthusiasts see this as a step toward stronger compliance, better market structures, and long-term growth.
If passed, this act could dramatically reshape how crypto assets are classified and traded in the U.S., reducing regulatory uncertainties and encouraging wider institutional adoption. Regulatory clarity often translates into positive sentiment for risk-on assets like Bitcoin.
Implications for Bitcoin and the Crypto Market
As Bitcoin flirts with $97,000, the market is holding its breath to see whether this bullish momentum continues. A favorable mix of regulatory clarity and easing trade policies could catapult Bitcoin past the coveted $100,000 mark.
For those looking to capitalize on the rising crypto enthusiasm, products like the Ledger Nano X, a secure hardware wallet, can help safeguard digital assets. Its cutting-edge design and advanced security features are perfect for both crypto veterans and beginners.
However, traders should brace for potential corrections. A sudden shock to equity markets or a “sell-the-news” reaction could challenge Bitcoin’s path forward, making near-term market behavior particularly uncertain.
Final Thoughts
Bitcoin’s journey to $100,000 hinges on macroeconomic factors and regulatory progress. As traders navigate through two critical U.S. developments—the Supreme Court’s tariff ruling and the Senate’s action on the Digital Asset Market Clarity Act—the coming weeks are set to be a watershed moment for the crypto market. Investors are advised to remain cautious yet opportunistic, as volatility in the crypto space often creates openings for both gains and risks.
Stay updated with accurate and timely cryptocurrency news to make informed decisions, and always conduct your own research before making financial investments.
