{"id":35220,"date":"2025-07-04T13:02:02","date_gmt":"2025-07-04T13:02:02","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=35220"},"modified":"2025-07-04T13:02:02","modified_gmt":"2025-07-04T13:02:02","slug":"bitcoin-climbs-as-trumps-5-trillion-bill-sparks-market-volatility-and-political-tensions-your-weekly-crypto-market-update","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=35220","title":{"rendered":"Bitcoin Climbs as Trump\u2019s $5 Trillion Bill Sparks Market Volatility and Political Tensions: Your Weekly Crypto Market Update"},"content":{"rendered":"
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Bitcoin had a relatively strong week, which helped it end the second quarter with almost 30% gains and trading around $109,000 by July 4th \u2013 pretty close to its all-time highs. The price briefly dipped to around $105K midweek following the Senate\u2019s approval of Donald Trump\u2019s massive budget legislation but it was quick to rebound.<\/p>\n

Analysts remain split on the short-term outlook: Standard Chartered maintains a positive view with a $200,000 year-end target, while BitMEX co-founder Arthur Hayes warns of a potentail dip to $90K before another rally.<\/p>\n

The major political development during this week was the passage of Trump\u2019s $5 trillion legislation \u201cOne Big Beautiful Bill,\u201d which makes the 2017 individual tax cuts permanent, lifts the debt ceiling, and rolls back programs such as Medicaid expansion and green energy incentives. After a narrow vote in the Senate on July 1st, the House approved the bill on July 3rd, following a lengthy Democratic nailbiter. Trump is expected to sign the bill on July 4th.<\/p>\n

The crypto market reacted with a temporary weakness. However, many see the bill\u2019s inflationary impact, as well as the ballooning US debt as a long-term bullish sign for Bitcoin. Similar fiscal stimulus packages in the past (recall the 2020 COVID relief efforts) led to sharp crypto market rallies. Hence, some analysts believe that this could be a comparable setup.<\/p>\n

Meanwhile, Tesla CEO Elon Musk criticized the bill\u2019s cuts to clean energy and its impact on federal debt. He even went so far to suggest that he might create a third political party in response. Trump, of course, fired back, suggesting Musk could even face deportation, which escalated tensions between both of them.<\/p>\n

Other notable developments include the removal of a crypto tax relief amendment, which disappointed miners and stakers. However, the discussions around a US strategic Bitcoin reserve continue to gain moment.<\/p>\n

While Bitcoin is currently holding strong, regulatory uncertainty, macro shifts, and political risks remain some of the key variables for the coming weeks.<\/p>\n

Market Data<\/h2>\n
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\"Screenshot<\/a>
Source: Quantify Crypto<\/figcaption><\/figure>\n<\/p>\n<\/figure>\n

Market Cap: $3.43T | 24H Vol: $88B | BTC Dominance: 63%<\/p>\n

BTC: $108,793 (+1.7%) | ETH: $2,549 (+4.2%) | XRP: $2.24 (+7.3%)<\/p>\n

This Week\u2019s Crypto Headlines You Can\u2019t Miss<\/h2>\n

Experts Positive on Crypto Altcoin ETFs This Year: Will XRP, ADA, and SOL Benefit?\u00a0<\/strong>Experts<\/a> believe that the US Securities and Exchange Commission will likely approve the applications for spot-based XRP, SOL, and ADA ETFs later this year. The question is if this will have a positive impact on these altcoins.<\/p>\n

Does Ethereum Have an Advantage over Bitcoin for Corporate Treasuries?\u00a0<\/strong>There is little doubt that public companies are have been stacking Bitcoin throughout the year. But corporations may as well start<\/a> buying Ethereum next and industry experts like Tom Lee and Joseph Lubin are betting big on it.<\/p>\n

Trump\u2019s One Big Beautiful Bill TLDR: Good or Bad for Bitcoin?\u00a0<\/strong>Donald Trump\u2019s \u2018One Big Beautiful Bill\u201d has passed Congress voting and will be signed into existence very soon. Here is a condensed explanation<\/a> of what it means for the cryptocurrency industry and whether or not we should expect an explosive rally.<\/p>\n

BlackRock\u2019s Bitcoin ETF \u2018Machine\u2019 Outearns Legendary S&P 500 Fund: Details.\u00a0<\/strong>The BlackRock iShares Bitcoin Trust (IBIT) has managed to achieve<\/a> an incredibly impressive milestone. It is now generating more annual fee revenue than the firm\u2019s legendary and flagship S&P 500 tracking, despite being tremendously smaller in size.<\/p>\n

Fight for 40,000 BTC Continues: Judge Allows Celsius\u2019s Lawsuit Against Tether to Proceed.\u00a0<\/strong>The fight over close to 40,000 BTC between Celsius and Tether will continue. A U.S. bankruptcy judge has ruled<\/a> that the former can go on with its lawsuit, currently worth around $4.3 billion, against the world\u2019s largest issuer of stablecoins. Should we be worried?<\/p>\n

When Will Bitcoin\u2019s Price Reach its Top This Cycle? Analysts Give Key Insights.\u00a0<\/strong>The biggest question: is the cycle\u2019s top already in or are we going to see an outsized blow-off bull run in the second half of 2025? An on-chain data expert from CryptoQuant shares<\/a> his perspectives on the matters and reveals some very interesting findings.<\/p>\n

Charts<\/h2>\n

This week, we have a chart analysis of Ethereum, Ripple, Cardano, Solana, and Binance Coin \u2013\u00a0click here for the complete price analysis<\/a>.<\/p>\n

The post Bitcoin Climbs as Trump\u2019s $5 Trillion Bill Sparks Market Volatility and Political Tensions: Your Weekly Crypto Market Update<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin had a relatively strong week, which helped it end the second quarter with almost 30% gains and trading around $109,000 by July 4th \u2013 pretty close to its all-time highs. The price briefly dipped to around $105K midweek following the Senate\u2019s approval of Donald Trump\u2019s massive budget legislation but it was quick to rebound. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-35220","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/35220","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35220"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/35220\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}