Oh, boy! Strap in, folks, because the next 24 hours are gonna be wilder than a Mel Brooks movie marathon! 🍿 All eyes are glued to two ginormous US events today: the Supreme Court’s ruling on Trump’s tariffs (yes, THAT Trump) and the latest unemployment data. 🗳️💼
The crypto market, already wobblier than a drunk tightrope walker, is teetering near $3.11 trillion. Will it hold? Or will it face volatility so massive, it’ll make the Spanish Inquisition look like a tea party? 🌪️💸
Two Major US Events To Watch Today (Or Else!)
First up, the US Supreme Court’s tariff ruling, dropping at 10:00 am ET. Remember last April when President Trump slapped tariffs on everything from toasters to tiaras, calling it “Liberation Day”? 🎉 Well, the Court’s about to decide if that was legal or just a really expensive prank. 🤡⚖️
Experts (and their crystal balls) predict a 76% chance the Court will say, “Nope, illegal!” If that happens, Uncle Sam might have to return $600 billion. That’s right, billion. With a B. 🤑💸
Such a ruling could send markets into a tailspin faster than a banana peel on a marble floor. Tariffs were supposed to be the hero, but now they might be the villain. Investors? They’ll be clutching their stocks and crypto like it’s the last slice of pizza. 🍕😱
US Unemployment Data: Recession or Resurrection?
Next, the US unemployment report at 8:30 am ET. Will it be a jobs miracle or a recession nightmare? Markets are betting on 4.5%, down from 4.6%. But if it rises, recession fears will roar louder than a lion with a megaphone. 🦁📉
And if it falls? Well, say goodbye to those interest rate cut dreams. The chance of a January rate cut is already at 13%, and strong jobs data might just kick it to the curb. 🚫📉
Bitcoin and Ethereum Options Expiry: The Volatility Cherry on Top 🍒💥
As if that weren’t enough, Bitcoin and Ethereum options are expiring, adding more spice to this already spicy stew. According to Deribit, $2.2 billion in options are set to expire at 8:00 UTC. That’s more money than most of us will see in 10 lifetimes! 💰💥
Bitcoin alone has $1.89 billion in options, with a max pain level of $90,000. BTC is currently at $90,975. Will it hold, or will it fold like a cheap suit? 🧵📉
Options Expiry Alert
At 08:00 UTC tomorrow, $2.22B in crypto options are set to expire on Deribit.
$BTC: $1.84B notional | Put Call: 1.05 | Max Pain: $90KBTC open interest brackets spot, with heavy puts below $85K and calls building from $90K to $100K, creating pin risk…
– Deribit (@DeribitOfficial) January 8, 2026
Ethereum isn’t far behind, with $396 million in options expiring and a max pain level of $3,100. ETH is trading at $3,117, practically kissing that key level. Will it be a tender kiss or a brutal breakup? 💔💏
So, crypto traders, buckle up! The next 24 hours are gonna be a rollercoaster of emotions, volatility, and probably a few memes. 🌪️🎢
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2026-01-09 10:24