๐บ๐ธโจ Tax Cuts Shake Markets: Crypto Surges Ahead ๐๐
The newly passed "Big Beautiful Bill" brings sweeping ๐บ๐ธ tax cuts for families, businesses, farmers & seniors โ a major boost for both the economy and the crypto market. ๐๐ธ
๐ข Why it matters:
Lower taxes = more ๐ต in pockets = higher investments in risk assets like BTC & ETH. Investors are reacting fast:
๐น BTC: $62,350 โฒ +1.8%
๐น ETH: $3,450 โฒ +2.1%
๐น S&P 500 Futures: โฒ +0.9%
๐น Coinbase (COIN): $225.40 โฒ +3.2%
๐น Riot (RIOT): $10.50 โฒ +4.1%
๐ Trading Heatmap:
BTC/USD support: $61.8K, resistance: $64K
ETH/USD support: $3.4K, resistance: $3.6K
BTC bid-side depth โฒ +8%
Spot ETF IBIT volume โ 15%, hitting 12.5M shares
๐ Bullish Technicals:
BTC RSI (4H): 58 โ room to climb
ETH MACD (Daily): Bullish crossover
18K BTC withdrawn = accumulation trend
BTC/USDT vol โ 22% โ $1.2B
ETH/USDT vol โ 18% โ $850M
๐ Crypto + Stocks Correlation:
BTC โ S&P 500: Correlation rose to 0.68
Nasdaq Composite โฒ +1.1%
๐ฆ Institutional Moves:
GBTC inflows: $45M โฒ +10%
Signs of big-money confidence & further adoption ๐๏ธ๐ผ
๐ก Opportunity Watch:
This bill may drive a new risk-on rally, with extra liquidity pushing investors toward crypto & tech. Great time for traders to monitor momentum, breakout zones & capital rotation between stocks and digital assets.
โ ๏ธ Stay alert โ volatility = opportunity. ๐๐ฆ
Follow me for more updates
Thankyou
