🔍 What’s Behind Today’s Pump?
1. Regulatory & policy optimism
The pending “Big Beautiful Bill” budget, expected this Friday, could widen the deficit—often bullish for scarce assets like Bitcoin .
Donald Trump’s strong crypto‑friendly signals—his endorsement of stablecoin frameworks and national bitcoin reserve policies—are boosting sentiment .
2. Technical breakout
BTC just broke above its recent range (roughly $106K–$108K), setting sights on $110K–$114K resistance. Clearing that could open the door to a potential 25% rally toward ~$143K .
3. Institutional momentum
July traditionally sees strong BTC seasonality—Bitwise notes July averages a 10% rally .
Continued inflows into spot Bitcoin ETFs—over $45 billion monthly—are adding fuel to the fire .
4. Macro and geopolitical backdrop
Easing geopolitical tensions (e.g. U.S.–Vietnam trade deal, calm in the Middle East) are attracting risk‑on flows .
5. Community buzz
Redditors noted the reaction to easing tariffs and rate‑cut expectations:
> “Jerome Powell said no tariffs will lead to rate cuts … That’s why BTC pumps”
#TrumpVsMusk #REX-OSPREYSolanaETF #NODEBinanceTGE #DYMBinanceHODL #StrategyBTCPurchase