BlockBeats News, November 5th, This week, the U.S. Supreme Court will hear Learning Resources Inc. v. Trump, a landmark case to determine whether the president has the authority under the International Emergency Economic Powers Act (IEEPA) to impose foreign tariffs. The ruling could reshape hundreds of billions of dollars in trade and debt structures, and is being called “the most consequential economic lawsuit in nearly a century.”
Experts expect a deeply divided outcome, with odds seen as a “50-50 split.” If the ruling goes against the administration, the White House may be forced to refund previously collected tariffs, potentially redrawing the boundaries of presidential power in trade and economic policy.
From a market perspective, investors are closely interpreting justices’ questioning tones for directional clues. U.S. equities remain volatile amid tariff uncertainty and political risk. Although Trump did not attend the hearing, Treasury Secretary Bessent’s presence in court drew significant attention.
Bitunix Analyst View: BTC briefly dipped below $100,000, with near-term support around $101,400 and a potential liquidation zone near $98,000 if that level fails. Upside resistance lies between $115,000–$117,000. As U.S. policy risks and macro expectations intersect, market sentiment has turned defensive in the short term and cautious in the long term. Should the Supreme Court ruling trigger sharp dollar volatility, crypto assets may act as an alternative hedge — though volatility is also expected to rise in tandem.
