Bitcoin News
By Pankaj K
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Trump’s Economic Message Boosts Crypto Confidence. On June 29, Trump took to his Truth Social platform to urge Republican lawmakers not to go…
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Political Uncertainty Adds to Economic Fears. The bill is facing pushback even within the Republican ranks.
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Bitcoin and Gold Gain from Inflation Concerns. With the U.S. seemingly headed toward continued deficit spending, market analysts are turning…
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Bitcoin’s Role as a Hedge Strengthens. Bitcoin’s performance in this environment underlines its growing role as a hedge against inflation…
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Final Thoughts. As the U.S. Senate works to finalize the fiscal bill ahead of the July 4 deadline, its progress—or…
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Bitcoin traded above $107,000 over the weekend, as investor interest grew following U.S. President Donald Trump’s comments on fiscal policy.
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On June 29, Trump took to his Truth Social platform to urge Republican lawmakers not to go overboard with spending cuts. He stated:
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“For all cost cutting Republicans, of which I am one, REMEMBER, you still have to get reelected. Don’t go too crazy!
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This message comes as his administration pushes for the approval of a massive fiscal bill nicknamed the “One Big Beautiful Bill.” The proposed legislation includes $3.
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The child tax credit would rise to $2,200, while deductions for seniors would temporarily increase.
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The bill is facing pushback even within the Republican ranks. Moderate Republicans want a higher cap on state and local tax (SALT) deductions, while conservatives demand deeper…
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This internal conflict threatens the passage of the bill, which requires nearly full Republican support in both the House and the Senate.
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Trump’s messaging appears to strike a delicate balance—reassuring conservatives about fiscal restraint, while arguing that strong economic growth will ultimately reduce the…
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Still, many nonpartisan analysts estimate that the proposed legislation could add trillions more to the $36.2 trillion U.S.
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Bitcoin rose to $107,937 on Sunday, posting a 0.54% daily gain, while trading between $107,194 and $108,489.
The Currency Analytics
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