🇺🇸✨ Markets Surge on Major Tax Cuts: Crypto Leads the Charge 🚀📈
The newly approved "Big Beautiful Bill" delivers sweeping tax relief for families, businesses, seniors, and farmers — injecting fresh momentum into the economy and the crypto space. 💸📊
Here’s why it’s big: Lower taxes → More disposable income → Surge in investments into assets like BTC & ETH.
📈 Market Snapshot:
BTC: $62,350 ▲ +1.8%
ETH: $3,450 ▲ +2.1%
S&P 500 Futures: ▲ +0.9%
Coinbase (COIN): $225.40 ▲ +3.2%
Riot Platforms (RIOT): $10.50 ▲ +4.1%
🧭 Key Levels:
BTC/USD: Support at $61.8K | Resistance at $64K
ETH/USD: Support at $3.4K | Resistance at $3.6K
🔥 Momentum Building:
BTC bid-side depth ↑ 8%
IBIT Spot ETF volume ↑ 15% (12.5M shares)
BTC RSI (4H): 58 = Room to run
ETH MACD (Daily): Bullish crossover
18K BTC withdrawn = signs of strong accumulation
BTC/USDT vol ↑ 22% | ETH/USDT vol ↑ 18%
🔗 Stocks & Crypto Tied Together:
BTC ↔ S&P 500 correlation: 0.68
Nasdaq Composite ▲ +1.1%
🏦 Institutional Action:
GBTC inflows up $45M (▲ +10%)
Suggesting renewed confidence & further adoption
💡 The Bigger Picture: This tax reform could unleash a fresh risk-on rally, funneling liquidity into both crypto and tech stocks. A perfect setup for traders eyeing breakout zones and capital rotation.
⚠️ Stay sharp — volatility = opportunity. 📊🚦