๐จ #OneBigBeautifulBill โ Crypto Market Reacts
The U.S. just passed the โOne Big Beautiful Billโโa massive $4โ5T debt ceiling lift signed on July 4, 2025. While it didnโt include direct crypto tax relief, the impact on markets is real.
๐ช Crypto Reaction:
Bitcoin surged past $109K ๐
Ethereum jumped ~6% to $2,560
BTC ETFs saw $342M in outflows; ETH ETFs pulled $41M in inflows
๐ฅ Why It Matters:
Higher debt = more USD printing โ bullish for BTC as inflation hedge
Rate cuts likely = more liquidity for risk assets
Crypto tax reforms were proposed but didnโt pass (yet)
๐ง TL;DR:
Big bill, bigger macro ripple. BTC and ETH pumping on fiat fears + bullish sentiment. Keep eyes on Fed moves, ETF flows, and $90Kโ$110K BTC zone this week.
#CryptoNews #Bitcoin #Ethereum #CryptoPolicy #MacroMoves