Bitcoin
On Sunday, 22:22 traded at $ 107,937 as UTC, up to 0.54% in the last 24 hours, as the policy stress of revenue was noted in Washington, which occurred after the latest post of President Trump on the truth social.
According to the technical analysis model of Coindesk Research, the price action remained unstable, with the BTC fluctuations between $ 107,194 and $ 108,489 during the 24-hour window.
On June 29, 2025, President Donald Trump Posted A pointed message while addressing the Republican MPs amidst intensive debate on its comprehensive tax-and-cost package. He said, “Republicans cutting all costs, I am one, remember, you still have to be selected again. Don’t go very crazy! We will make it all, 10, with development, more than ever, more than ever,” he wrote. This statement outlines deep partitions within the GOP because it wrestles with ambitious law, called “a great beautiful bill”.
The bill of over 900 pages adds approximately $ 3.8 trillion to tax deduction with reduction in targeted expenditure and increase in funds for defense and border security. This wants to permanent Tram’s 2017 tax cuts and several tax breaks from the Jobs Act, including tips, overtime pay and some auto loans to eliminate taxes. The child tax credit under the Senate version will increase by $ 2,200, while the cuts for seniors will be temporarily increased. However, to offset these tax deductions, Republican proposed significant deductions in medicade and nutrition programs, which increase the terrible debate within the party.
Liberal Republican states from high-tax states and a high cap on local tax cuts are emphasizing (Salt)While conservatives demand a cut in intensive expenses, especially targets the Medicade. These complicate efforts to secure the required narrow Republican prominions in both chambers to pass the internal disagreement bill, which oppose the democrats being equally in favor of rich and deteriorating inequality.
Trump’s social media message reflects an attempt to balance these competitive pressures – urging fiscal restraint, urging to satisfy the conservatives, urging that strong economic development will compensate for the revenue deficit and help reduce the deficit over time. This supply-party economic approach is the project that will “increase it all” despite an increase in the near-period in development national loan, which estimates nonpartison analysts that can add trillions to the current $ 36.2 trillion loans.
Crypto analyst Will Clemente Response to X (East Twitter) Trump’s post shortly after catching a normal market spirit: “How can you read it and hold the American treasury for a long time on current yields … Also, how can you read it and no one can catch a bitcoin or gold.” The suspicion of clarmete towards the American treasury for a long time shows concerns that the bill deducted from the bill deficit and the slight expenditure cuts indicates a loose fiscal policy that may promote inflation and lack of currency.
In this context, traditional certain-oriented assets such as Treasury may look less attractive, as there is a threat to increasing lack and potential monetary housing bond values. Conversely, rigorous assets such as gold and bitcoin are seen rapidly as a reserves of value and hedges against inflation and fiscal risk. Expecting continuous deficit for fiscal discipline and expectation of political challenges demands demand for these inflation -resistant assets.
With the Senate racing to finalize the bill before the July 4 holiday, Call for Trump’s unity and moderation highlighted high stakes and political challenges in passing one of the most resulting fiscal packages in recent American history. The fate of the bill remains uncertain as the MPs interacted to balance tax relief, spending and balance political viability.
Technical analysis highlights
- 28 June 15:00 to 29 June 14:00 UTC, BTC traded $ 107,194 to $ 108,489, 1.21% intraday range.
- The support was established at $ 107,300, with several rebels during the 02: 00–03: 00 window.
- The volume reached 7,538 BTC between 08:00 on June 29 and 11:00 UTC, which confirms the upper speed.
- During the last session hour (13: 05–14: 04 UTC)BTC fell from $ 108,219 to $ 108,059, formed a descending channel.
- At 13:35, a 130 BTC volume spike took place with a sharp dip $ 108,030, which was tested and held.
- The final intraday rally pushed the price back to $ 108k, before 22:22 from UTC to $ 107,937 slightly disappeared.
Disclaimer: Some parts of this article were generated with assistance from the AI tool and reviewed by our editorial team to ensure accuracy and adherence. Our standardSee for more information Coindesk’s full AI policy,
