Trump Tariffs Struck Down: Tom Lee Foresees Revival Of Crypto Trade In Response, But New Global Rate Sends Market Crashing

benzinga_article
2026.02.23 06:32
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Wall Street analyst Tom Lee predicts that the Supreme Court's decision to strike down Trump's tariffs will revive technology, software, and cryptocurrency markets. He believes investors will feel relieved, as these sectors were largely shielded from tariff impacts. However, initial market reactions showed declines in leading cryptocurrencies like Bitcoin and Ethereum, alongside stock futures, following Trump's announcement of a new 15% global tariff. Lee suggests the cryptocurrency winter may be nearing its end, despite predictions of further declines in Bitcoin's cycle.