Bitcoin, Ethereum, Dogecoin Surge Amid Trump’s ‘One Big, Beautiful Bill’ Victory — Analyst Says BTC On ‘Cusp Of Making History’ As It Eyes Key Weekly Resistance
Cryptocurrency markets rallied on Thursday as President Donald Trump secured his first major legislative victory of his second term, with the House passing his sweeping $3.3 trillion domestic agenda package just ahead of the July 4 holiday.
Cryptocurrency | Gains +/- | Price (Recorded at 11.26 p.m. ET) |
Bitcoin (CRYPTO: BTC) | +0.47% | $109,230 |
Ethereum (CRYPTO: ETH) | +0.51% | $2,579 |
Dogecoin (CRYPTO: DOGE) | -1.12% | $0.1708 |
The crypto market capitalization reached $3.37 trillion, gaining 0.42% in 24 hours, with Bitcoin maintaining 64.5% dominance and Ethereum holding 9.2% market share.
The surge followed House Republicans’ approval of Trump’s “One Big, Beautiful Bill,” which includes tax cuts, military and border security funding, and significant federal safety net reductions.
Market volatility remained elevated, with 87,335 traders liquidated in the past 24 hours, totaling $217.42 million in liquidations.
Open Interest in crypto derivatives climbed to $151.69 billion, up 0.95%, while the U.S. Dollar Index declined 0.14% …