“Bitcoin Rose 0.54% to $ 107.937 After Analyst Will Clemente SAID TRUMP’S DEFICIT Comments Reinforce The Bull Case for BTC and Gold.”, – WRITE: www.coindesk.com
Traded AT $ 107.937 AS of 22:22 UTC on Sunday, Up 0.54% Over The Past 24 Hours, as Attcture Turned to Fiscal Policy Tensions in Washington Following President Trump
PRICE ACTION REMAINED VOLATILE, WITH BTC FLUCTUATING BETWEEN $ 107,194 and $ 108.489 Dringing The 24-HOUR WINDOW, ACCORDING TO COINDESK REEASK RECEARCH’S TECHNICAL Analysis Model.
On June 29, 2025, President Donald Trump posted A pointed Message on Truth Social Addressing Republican Lawmakers Amid Intense Debate Over His Sweeping Tax-Ienery-Spending Package. “For All Cost Cutting Republicans, of Wich and Am One, Remember, You Still To Get Reelected. DON’T Go Too Too Crazy! We Will Make It All Up, Times 10, With Grow Growth, More. This Statement Underscores the Deep Divisions with the GOP as it Wrestles with the Ambitious Legislation DubBed the “One Big Beautify Bill.”
The Bill, Exceeding 900 Pages, Combines Roughly $ 3.8 Trillion in Tax Cuts with Targeted Sporting Reducitions and Increased Funding for Defense and Border Security. IT Seeks to Make Permanent Many of the Tax Breaks from Trump’s 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 Wound Increase Temporarily. However, to Offset Tese Tax Cuts, Republicans Propose Significant Cuts to Medicaid and Nutrition Programs, Sparking Fierce Debate Within The Party.
Modrate Republicans from High-Tax States are Pushing for a Higher Cap on State and Local Tax Deductions (Salt), While Conservatives Demand Deeper Speaking Cuts, Particularly Targarly Targarly These International Disagreements Complicate Effrts to Secure The Narrow Republican Majoorities Needed in Both Chambers to pass the bill, which democrats
Trump’s social media message reflects an attempt to balance these competing pressures — urging fiscal restraint to satisfy conservatives while emphasizing that robust economic growth will compensate for revenue losses and Help ReduCe deficits over time. This Suppply-Side Economic Approach Projects That Growth Will “Make It All Up” Despite Near-Term Increases in the National Debt, Which Nonpartisan Analysts Estiat.
Crypto Analyst Will Clemente’s Reaction on X (Formerly Twitter) Shortly After Trump’s Post Captures a Common Market Sentiment: “How Can You Read Tse and Hold Long Term Us. you read this and not hold any Bitcoin or Gold. ” Clemente’s Skepticism Toward Long-Town US Treasuries Reflects Concerns that Bill’s deficit-finned tax cuts and modest speding cuts signal a loose fiscal.
In this context, Traditional Fixed-income Assets Like Treasuries May appetar less attractive, as rising deficits and potential monetary accounting 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 expection of Sustaned deficits and Political Challenges to Fiscal Discipline Bolster Demand for Tese Inflation-Resistant Assets.
With the Senate Racing to Finalize the Bill Before The July 4 Holiday, Trump’s Call for Unity and Modation Highlights The High Stakes and Political Challenges in Passing One of the MOST CONSEQUENTAL FACTALTACTIAL FIENT. The Bill’s Fate Remains Uncertain as Lawmakers Negotate to Balance Tax Relief, Spending Cuts, and Political Feasability.
Technical Analysis Highlights
- From June 28 15:00 to June 29 14:00 UTC, BTC Traded from $ 107,194 to $ 108.489, A 1.21% Intrady Range.
- Support Was Establized at $ 107,300, with Multiple Rebounds Dringing The 02: 00–03: 00 Window.
- Volume Peaked AT 7,538 BTC BETWEEN 08:00 and 11:00 UTC on June 29, Confirming Upward Momentum.
- Durying the Final Session Hour (13: 05–14: 04 UTC), BTC Fell From $ 108.219 to $ 108.059, Forming A Descending Channel.
- A 130 BTC Volume Spike at 13:35 Coincided with A Sharp Dip to $ 108.030, WHICH WAS TESTED AND HELD.
- Final Intrady Rally Pushed Price Back Toward $ 108k Before Fading Slightly by 22:22 UTC to $ 107.937.
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