Bitcoin <\/p>\n
traded at $107,937 as of 22:22 UTC on Sunday, up 0.54% over the past 24 hours, as attention turned to fiscal policy tensions in Washington following President Trump’s latest post on Truth Social.<\/p>\n
Price action remained volatile, with BTC fluctuating between $107,194 and $108,489 during the 24-hour window, according to CoinDesk Research’s technical analysis model. <\/p>\n
<\/p>\n
On June 29, 2025, President Donald Trump posted<\/a> a pointed message on Truth Social addressing Republican lawmakers amid intense debate over his sweeping tax-and-spending package. \u201cFor all cost cutting Republicans, of which I am one, REMEMBER, you still have to get reelected. Don\u2019t go too crazy! We will make it all up, times 10, with GROWTH, more than ever before,\u201d he wrote. This statement underscores the deep divisions within the GOP as it wrestles with the ambitious legislation dubbed the \u201cOne Big Beautiful Bill.\u201d<\/p>\n The bill, exceeding 900 pages, combines roughly $3.8 trillion in tax cuts with targeted spending reductions and increased funding for defense and border security. It seeks to make permanent many of the tax breaks from Trump\u2019s 2017 Tax Cuts and Jobs Act, including eliminating taxes on tips, overtime pay, and certain auto loans. The child tax credit would rise to $2,200 under the Senate version, while deductions for seniors would increase temporarily. However, to offset these tax cuts, Republicans propose significant cuts to Medicaid and nutrition programs, sparking fierce debate within the party.<\/p>\n Moderate Republicans from high-tax states are pushing for a higher cap on state and local tax deductions (SALT), while conservatives demand deeper spending cuts, particularly targeting Medicaid. These internal disagreements complicate efforts to secure the narrow Republican majorities needed in both chambers to pass the bill, which Democrats uniformly oppose as favoring the wealthy and worsening inequality.<\/p>\n Trump\u2019s social media message reflects an attempt to balance these competing pressures \u2014 urging fiscal restraint to satisfy conservatives while emphasizing that robust economic growth will compensate for revenue losses and help reduce deficits over time. This supply-side economic approach projects that growth will \u201cmake it all up\u201d despite near-term increases in the national debt, which nonpartisan analysts estimate could add trillions to the existing $36.2 trillion debt.<\/p>\n Crypto analyst Will Clemente\u2019s reaction on X<\/a> (formerly Twitter) shortly after Trump\u2019s post captures a common market sentiment: \u201cHow can you read this and hold long term US treasuries at current yields lol… Also, how can you read this and not hold any Bitcoin or gold.\u201d Clemente\u2019s skepticism toward long-term U.S. Treasuries reflects concerns that the bill\u2019s deficit-financed tax cuts and modest spending cuts signal a loose fiscal policy that could fuel inflation and currency debasement.<\/p>\n In this context, traditional fixed-income assets like Treasuries may appear less attractive, as rising deficits and potential monetary accommodation threaten bond values. Conversely, hard assets such as gold and Bitcoin are increasingly viewed as stores of value and hedges against inflation and fiscal risk. The expectation of sustained deficits and political challenges to fiscal discipline bolster demand for these inflation-resistant assets.<\/p>\n With the Senate racing to finalize the bill before the July 4 holiday, Trump\u2019s call for unity and moderation highlights the high stakes and political challenges in passing one of the most consequential fiscal packages in recent U.S. history. The bill\u2019s fate remains uncertain as lawmakers negotiate to balance tax relief, spending cuts, and political feasibility.<\/p>\n Technical Analysis Highlights<\/strong><\/p>\n Disclaimer:<\/strong>\u00a0Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to\u00a0our standards<\/a>. For more information, see\u00a0CoinDesk’s full AI Policy<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Bitcoin traded at $107,937 as of 22:22 UTC on Sunday, up 0.54% over the past 24 hours, as…\n","protected":false},"author":3,"featured_media":25957,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[22939,7566,9591,64,69,603,67,132,68],"class_list":{"0":"post-25956","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-ai-market-insights","9":"tag-bitcoin","10":"tag-btc","11":"tag-business","12":"tag-donald-trump","13":"tag-technical-analysis","14":"tag-united-states","15":"tag-unitedstates","16":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114769849602617648","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/25956","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=25956"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/25956\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/25957"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=25956"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=25956"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=25956"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n