According to @StockMKTNewz, the U.S. Senate has advanced a major budget bill without including Senator Lummis's proposed amendment to waive capital gains taxes on small-scale crypto transactions. This development occurred as Bitcoin (BTC) received a boost from President Trump's comments on social media, where he suggested massive economic growth would offset deficits from his proposed tax cuts. Crypto analyst Will Clemente reacted by questioning the value of holding long-term U.S. Treasuries, suggesting Trump's loose fiscal policy stance strengthens the bull case for inflation hedges like Bitcoin and gold. From a technical standpoint, BTC traded between $107,194 and $108,489, establishing support at $107,300 and showing upward momentum confirmed by a volume spike.

According to @rovercrc, Bitcoin (BTC) is gaining a bullish case as an inflation hedge following President Trump's social media post suggesting future economic growth will offset current deficit spending. Crypto analyst Will Clemente noted this loose fiscal policy stance makes assets like Bitcoin and gold more attractive than long-term U.S. Treasuries, as cited in the source. This sentiment comes as BTC traded around $107,937, with technical analysis indicating support at $107,300. However, a significant development for the crypto industry was the U.S. Senate passing its major budget bill without including Senator Cynthia Lummis's proposed crypto tax provision, which aimed to ease capital gains taxes on small transactions. The bill, projected to increase the national deficit by over $3 trillion, now proceeds to the House without this crypto-friendly amendment.

According to @KobeissiLetter, the U.S. Senate has passed a major budget bill without including Senator Cynthia Lummis's proposed amendment to ease cryptocurrency taxation, a setback for the industry. However, the market's focus shifted following a statement from President Donald Trump suggesting that robust economic growth would offset the bill's projected deficits. Crypto analyst Will Clemente reacted by questioning the value of holding long-term U.S. Treasuries and highlighting the bullish case for holding Bitcoin (BTC) and gold as hedges against loose fiscal policy and potential currency debasement. In the wake of these developments, Bitcoin (BTC) traded up to approximately $107,937, with technical analysis from the source indicating support was established near $107,300.

According to @WhiteHouse, President Trump's recent social media posts suggesting massive economic growth will offset deficits from his proposed $3.8 trillion tax cut package are boosting the case for Bitcoin (BTC) as an inflation hedge. The source material highlights analyst Will Clemente's view that such loose fiscal policy makes U.S. Treasuries less attractive while strengthening the appeal of hard assets like Bitcoin and gold to protect against potential currency debasement. Following the news, BTC has been volatile, with the BTC/USDT pair trading around $109,400. In a separate but related development, the U.S. Senate passed the major budget bill without including a crypto-friendly tax provision championed by Senator Cynthia Lummis, which would have waived capital gains taxes on small crypto transactions. The bill now heads to the House for further debate.

According to @WhiteHouse, former President Trump's social media post suggesting economic growth will offset deficits from a proposed $3.8 trillion tax-and-spending bill has strengthened the bull case for Bitcoin (BTC) and gold. Crypto analyst Will Clemente reacted by stating such loose fiscal policy makes holding long-term U.S. Treasuries less attractive while reinforcing the argument for owning hard assets like Bitcoin as a hedge against inflation and currency debasement. For the week ahead, traders are focused on Federal Reserve Chairman Jerome Powell's testimony and the core PCE inflation data. According to Chris Weston of Pepperstone, dovish signals from Powell could fuel risk-taking and benefit BTC. The market consensus for the core PCE data is a 0.1% month-on-month increase, which could bolster expectations for a Fed rate cut. Based on the source's technical analysis, BTC established support at $107,300 while trading in a range between $107,194 and $108,489.

According to Fox News, President Donald Trump's recent statement on Truth Social, suggesting massive economic growth will offset deficits from his proposed tax cuts, has strengthened the bull case for Bitcoin (BTC) and gold. Crypto analyst Will Clemente noted on X that such loose fiscal policy makes hard assets like Bitcoin attractive hedges against potential inflation and currency debasement, as cited in the report. In the markets, Bitcoin (BTC) traded in a volatile range between $107,194 and $108,489. Concurrently, the report highlights new legislative pressure, with U.S. Senator Adam Schiff introducing the COIN Act. This bill, as stated by Schiff, aims to prohibit the president and other senior government officials from issuing or sponsoring digital assets, citing concerns over potential conflicts of interest. This development introduces a new regulatory variable for traders, even as Schiff is considered an industry ally who recently supported a stablecoin bill.

According to @AltcoinGordon, while the Nasdaq 100 reaches new all-time highs, Bitcoin (BTC) and gold remain under pressure, partly due to macroeconomic data indicating potential stagflation. The source highlights that the core PCE price index rose 0.2% in May, exceeding the 0.1% expectation, a point noted by Peter Schiff as bullish for gold despite market selling. A significant bullish catalyst for BTC and gold has emerged from President Trump's recent comments on Truth Social, where he stated that massive economic growth would offset deficits from his proposed tax cuts. Crypto analyst Will Clemente reacted by suggesting this loose fiscal policy approach diminishes the appeal of U.S. Treasuries and strengthens the investment case for hard assets like Bitcoin and gold as hedges against inflation and currency debasement. From a technical standpoint, BTC has been trading within a range of $107,194 to $108,489, with key support established at $107,300.

According to Fox News, the White House claims that the Democrat-controlled budget office misanalyzed former President Trump's major spending bill and overlooked what they assert are record cost savings (Fox News, June 7, 2025). This dispute over fiscal analysis has led to increased uncertainty in U.S. economic policy outlook, which is relevant for cryptocurrency traders as fiscal policy shifts can impact USD valuation and crypto market volatility. Traders should closely watch further official statements and market reactions for potential short-term price swings in Bitcoin and other major cryptocurrencies tied to U.S. fiscal developments.

According to Fox News, Trump's conservative allies have warned that Congress is facing a crucial test with the proposed $9.4 billion spending cut, emphasizing the urgency of fiscal responsibility in Washington (source: Fox News, June 7, 2025). Traders should note that significant US government spending cuts can impact macroeconomic sentiment and liquidity, which often influences both the stock and cryptocurrency markets. Historical patterns show that fiscal tightening may prompt risk aversion, affecting Bitcoin and altcoin volatility as traders adjust to potential shifts in US economic policy.

According to The White House, President Trump's newly introduced tax bill in June 2025 offers historic tax cuts for seniors, which could increase disposable income for this demographic. Market analysts note that increased liquidity among seniors may lead to diversified investment portfolios, including greater participation in digital assets such as Bitcoin and Ethereum. As cited by The White House on June 6, 2025, this fiscal policy change is expected to influence capital flows and could drive higher trading volumes in the cryptocurrency market, especially as older investors seek inflation hedges and alternative assets.

According to The Kobeissi Letter, Elon Musk publicly supported a 2013 tweet by former President Trump criticizing Republicans for extending the US debt ceiling, calling it 'wise words' and reinforcing his stance with 'Kill the Bill.' This renewed focus on US fiscal policy and government spending raises market uncertainty, which historically increases volatility in both stock and cryptocurrency markets as investors monitor potential impacts on inflation, interest rates, and dollar strength (source: The Kobeissi Letter, June 5, 2025). Crypto traders should watch for heightened price swings and safe-haven flows if debt ceiling debates escalate.

According to Stock Talk (@stocktalkweekly), President Trump stated that the US debt limit should be entirely scrapped to prevent an economic catastrophe. This statement introduces significant uncertainty into traditional financial markets, heightening concerns about fiscal policy stability. For cryptocurrency traders, this development could drive increased interest in Bitcoin and stablecoins as investors seek hedges against potential US dollar volatility. Market participants should monitor US fiscal policy debates closely, as changes to the debt limit could trigger heightened volatility and capital flows into digital assets (Source: Stock Talk on Twitter, June 4, 2025).

According to Fox News, Senator Thune stated that former President Trump's criticism of the recent spending bill is based on faulty economic analysis. Thune emphasized that the bill's fiscal mechanisms are structurally sound, counteracting claims of potential inflationary pressures. For crypto traders, this clarification suggests that immediate macroeconomic risks, such as runaway inflation or sudden monetary tightening, are less likely—offering short-term stability for Bitcoin and altcoins that react closely to U.S. fiscal policy signals (Source: Fox News, June 4, 2025).

According to The Kobeissi Letter, the US political system's short-term deficit spending and tax cuts are driven by re-election incentives, while long-term fiscal sustainability is neglected (source: The Kobeissi Letter, June 4, 2025). This misalignment raises concerns about increased government debt levels, which historically contribute to higher inflation expectations and currency volatility. For crypto traders, these fiscal trends often lead to increased demand for Bitcoin and other digital assets as inflation hedges, impacting price momentum and trading volumes.

According to Fox News, several Republican senators are pushing back against Trump's 'Big, Beautiful Bill' due to concerns about increasing national debt (source: Fox News, June 4, 2025). This legislative uncertainty is creating volatility in traditional markets, which has historically led some investors to shift capital into Bitcoin and other cryptocurrencies as a hedge against fiscal risk. Traders should closely monitor the bill's progress, as further resistance or delay could drive increased demand for digital assets, especially with ongoing fears about U.S. fiscal stability.

According to Fox News, several GOP senators have voiced concerns and skepticism regarding former President Trump's proposed spending bill following a critical rant by Elon Musk on social media (Fox News, June 4, 2025). The public debate, amplified by Musk's influence, has led to uncertainty in US fiscal policy outlook, which is increasing short-term volatility in Bitcoin and Ethereum as traders assess risks tied to federal spending and potential inflation. Crypto market participants are monitoring legislative developments closely for signals on economic policy shifts that could impact digital asset valuations.

According to Fox News, former President Trump publicly criticized Senator Rand Paul for opposing the new tax bill, stating that Paul 'votes no on everything'. This political disagreement draws increased attention to the US legislative process around fiscal policy, which has historically impacted both traditional and crypto markets due to changing regulatory and economic environments (source: Fox News, June 3, 2025). Crypto traders are advised to monitor US tax legislation developments closely, as shifts in government tax policy can influence Bitcoin and altcoin volatility, particularly in light of previous US fiscal policy debates affecting digital asset flows.

According to Fox News, Donald Trump unveiled a 'Big, Beautiful Bill' promising the largest tax cut ever, positioning it as a remedy for four years of Biden administration policies (source: Fox News, June 3, 2025). For traders, this development signals potential bullish sentiment in equity markets, as lower corporate taxes can increase after-tax profits and incentivize investment. Historically, major U.S. tax cuts have led to stock market rallies, and this renewed policy proposal may heighten risk appetite across traditional and digital assets. For the cryptocurrency sector, anticipated increased liquidity and risk-on behavior could drive demand for Bitcoin and altcoins, especially as investors adjust portfolios in response to prospective fiscal stimulus.

According to The White House on Twitter, President Donald J. Trump stated that 'THE ONE, BIG, BEAUTIFUL BILL' includes the single biggest spending cut in history (source: The White House, June 2, 2025). For crypto traders, significant government spending cuts may lead to decreased liquidity and tighter fiscal conditions, which historically can increase volatility for assets like Bitcoin and Ethereum. Market participants should monitor for shifts in investor sentiment and capital flows as traditional markets react to U.S. fiscal policy changes, potentially impacting crypto market price movements and trading volumes.

According to The White House (@WhiteHouse), a significant economic bill has been introduced, which could influence financial regulations and market liquidity. Traders should monitor potential shifts in U.S. fiscal policy, as such legislative actions historically impact Bitcoin price volatility and overall crypto market sentiment (source: The White House, May 15, 2025). Previous large-scale bills have led to increased trading activity and shifts in stablecoin demand due to expectations of regulatory changes and macroeconomic impacts.