According to Fox News Politics, the U.S. Supreme Court's decision to grant former President Donald Trump partial immunity from prosecution is causing notable volatility in the cryptocurrency markets, as traders weigh potential regulatory shifts depending on the 2024 presidential election outcome (source: Fox News Politics, 2024-07-01). Analysts highlight that increased uncertainty around future crypto policy, especially regarding SEC enforcement and potential executive actions, is reflected in Bitcoin and Ethereum price fluctuations. Market participants are closely monitoring Trump's legal trajectory as it could directly impact crypto-friendly policy prospects and regulatory clarity in the U.S.