#Bitcoin has dropped below $107,000 as the U.S. Senate debates President Trump’s “One Big Beautiful Bill,” triggering market volatility. Concerns over inflation and political tensions, including a clash between Trump and Elon Musk, have caused over $36 million in $BTC liquidations.
Despite bearish pressure, pro-crypto Senator Cynthia Lummis is pushing for tax-friendly amendments that could support #Bitcoin . Technical indicators and on-chain data suggest weakening momentum and demand, raising the risk of a drop toward $100,000.
However, if crypto-friendly legislation passes, it could spark a bullish reversal.
