Today in crypto, US President Donald Trump raises the global tariff rate to 15%, US spot Bitcoin ETFs logged five straight weeks of outflows. Meanwhile, Bitcoin’s price held steady despite renewed trade uncertainty after the US Supreme Court concluded that President Donald Trump’s sweeping tariffs were illegal.
US President Donald Trump raises global tariff rate to 15%
United States President Donald Trump announced a 5% increase to the global tariff rate announced on Friday, raising the tariff rate to 15%, which will be added on top of already existing, legally valid tariffs.
The news followed the Supreme Court’s decision striking down Trump’s authority to impose tariffs under the International Emergency Economic Powers Act (IEEPA). Trump said on Saturday:
“As President of the United States of America, I will be, effective immediately, raising the 10% worldwide tariff on countries, many of which have been ‘ripping’ the US off for decades, without retribution, until I came along, to the fully allowed, and legally tested, 15% level.”
Crypto markets and other risk-on assets typically experience sharp downturns whenever a new round of tariffs is announced. However, crypto markets held firm and have barely reacted to the latest tariff announcements from Trump.
Spot Bitcoin ETFs record five weeks of net withdrawals, totaling $3.8B
US spot Bitcoin exchange-traded funds (ETFs) have posted five consecutive weeks of net outflows, with investors pulling roughly $3.8 billion from the products over the period.
During last week, the funds recorded about $315.9 million in net outflows, accordingly to data from SoSoValue. The biggest weekly withdrawal during this 5-week streak occurred in the week ending Jan. 30, when spot Bitcoin (BTC) ETFs recorded about $1.49 billion in net outflows.
The net weekly outflows come as some sessions posted inflows. On Friday, Bitcoin ETFs saw about $88 million in inflows, but they were outweighed by larger redemption days earlier in the week. Notable withdrawals included more than $410 million on Feb. 12, along with additional negative sessions from Feb. 17 through Feb. 19, leaving the weekly total firmly negative.
Recent withdrawals from spot Bitcoin ETFs appear tied to institutional positioning rather than a loss of long-term interest in the asset, according to Vincent Liu, chief investment officer at Kronos Research. He said the outflows reflect portfolio de-risking as geopolitical tensions and broader macro uncertainty rise.
Bitcoin price shrugs off Supreme Court ruling
The price of Bitcoin was rangebound on Friday, trading around $68,000 after the US Supreme Court ruled that President Trump’s tariffs were unconstitutional.
In a 6–3 decision, the court found that key portions of Trump’s tariff regime were illegal, determining that the International Emergency Economic Powers Act (IEEPA) did not grant the executive branch authority to impose sweeping import duties. The ruling reaffirmed that tariff policy falls under Congressional powers, potentially opening the door to billions of dollars in refund claims on duties collected since 2025.
Despite the ruling’s potential macroeconomic impact, including talks of up to $150 billion in tariff refunds, Bitcoin’s price action barely budged, holding around its existing range as traders weighed broader US inflation data and weakening rate-cut expectations. Investors in risk assets seemed cautious, with crypto markets focusing more on macro sentiment than the legal shift in trade policy.
