📉 $BTC Falls Below $107K
Bitcoin has dropped back under $107,000 as investor anxiety grows around the U.S. Senate vote on Trump’s massive “Big Beautiful Bill.” This proposed legislation, with its trillion-dollar spending focus, is sending ripple effects through the broader financial markets — and crypto is reacting fast.
💥 Why It Matters:
This bill could lead to significantly higher government spending, which raises the risk of increased debt, inflation pressure, and a delay in potential Fed rate cuts. For crypto traders, especially institutional players, this creates a more uncertain macro backdrop. The recent dip reflects both short-term caution and fear of broader risk-off sentiment as capital shifts toward safer assets like bonds.
🔍 Market Snapshot:
— BTC: Testing ~$106.7K
— Key support zones: $105K and $103K
— Rising DXY and bond yields are putting pressure on risk assets
— Altcoins are following BTC’s lead with mild red across the board
🎯 Next Moves:
Watch $105K — a bounce here could reset bullish momentum and keep the uptrend intact. But if BTC breaks below $103K with volume, it opens the door to sub-$100K targets and could ignite widespread panic selling.
Stay alert — macro policy decisions are steering the crypto ship for now.
