⚡TRUMP’S TAX BOMBSHELL SHAKES BITCOIN: 68% HIKE PANICS INVESTORS
Bitcoin dropped for a second straight day on Tuesday after President Trump’s shocking tax threat rattled the crypto market. The warning hit just as the US Senate prepares to vote on Trump’s “big beautiful bill” — and if it fails, Americans could face an unprecedented 68% tax increase.
Trump declared, “Failure to pass means the biggest tax hike in history — a massive 68%!”
One of the loudest critics is Elon Musk, who heavily backed Trump’s re-election campaign. Musk blasted lawmakers, saying, “Any Congress member who promised to cut spending but voted to balloon debt should be ashamed!”
If passed, the plan could push US national debt over $3 trillion, according to analysts. Meanwhile, BTC/USD slid to a one-week low at $106,362 as worried investors flocked to gold instead — XAUUSD surged more than $100 to kick off the week.
