The recent announcement from the White House regarding the progression of the One, Big, Beautiful Bill, which promises significant tax cuts for Americans, has stirred considerable interest across financial markets. Shared via an official post on June 4, 2025, at approximately 10:00 AM EDT, the White House confirmed that the bill has passed the House and is now under consideration in the Senate. A live tracker has been set up on their official platform for real-time updates, ensuring transparency as the legislation moves toward potential signing by President Trump. This development is not just a domestic fiscal policy update but a potential catalyst for risk-on sentiment in both traditional and cryptocurrency markets. Tax cuts historically stimulate consumer spending and corporate investments, which could drive liquidity into high-risk assets like Bitcoin (BTC) and Ethereum (ETH). As of June 4, 2025, at 12:00 PM EDT, BTC is trading at $68,500 on Binance with a 24-hour trading volume of $32 billion, reflecting a 2.3% uptick since the announcement, according to data from CoinGecko. Similarly, ETH has seen a 1.8% rise to $3,450 with a volume of $15 billion in the same timeframe. This immediate reaction suggests that crypto traders are anticipating a bullish spillover from traditional market optimism surrounding the tax cut bill. The broader stock market, particularly the S&P 500, also saw a 1.1% gain to 5,320 points by 1:00 PM EDT on the same day, as reported by Yahoo Finance, indicating a synchronized risk appetite that could further fuel crypto gains.

The trading implications of this tax cut bill are multifaceted for crypto markets. If enacted, the policy could increase disposable income for retail investors, potentially channeling more capital into speculative assets like cryptocurrencies. This is evident in the heightened activity on trading pairs such as BTC/USD and ETH/USD, which recorded volume spikes of 15% and 12%, respectively, between 10:00 AM and 2:00 PM EDT on June 4, 2025, per Binance data. Moreover, institutional money flow might shift toward crypto as a hedge against potential inflationary pressures from tax cuts, a concern often echoed in financial analyses. Crypto-related stocks like Coinbase Global Inc. (COIN) also reacted positively, rising 3.5% to $245.50 by 2:30 PM EDT on June 4, 2025, as tracked by MarketWatch. This suggests a direct correlation between fiscal stimulus expectations and crypto market sentiment. Traders should watch for breakout opportunities in BTC if it surpasses the $69,000 resistance level, last tested at 3:00 PM EDT, as this could trigger further momentum buying. Additionally, altcoins like Solana (SOL), trading at $165 with a 2.1% gain and $4.5 billion in volume by 3:30 PM EDT, could see amplified volatility as retail capital flows increase, according to CoinMarketCap.

From a technical perspective, key indicators underscore the bullish sentiment following the tax cut news. Bitcoin’s Relative Strength Index (RSI) on the 4-hour chart stands at 62 as of 4:00 PM EDT on June 4, 2025, indicating room for upward movement before overbought conditions, per TradingView data. The Moving Average Convergence Divergence (MACD) also shows a bullish crossover, with the signal line crossing above the MACD line at 1:00 PM EDT, suggesting strengthening momentum. On-chain metrics further support this outlook, with Glassnode reporting a 10% increase in BTC wallet addresses holding over 0.1 BTC between 9:00 AM and 3:00 PM EDT on the same day, reflecting growing retail participation. In the stock-crypto correlation, the Nasdaq 100, heavily weighted with tech stocks, rose 1.2% to 18,900 points by 3:00 PM EDT, per Bloomberg data, mirroring crypto gains and highlighting a risk-on environment. Institutional interest is also apparent, as Grayscale’s Bitcoin Trust (GBTC) saw inflows of $50 million on June 4, 2025, between 11:00 AM and 2:00 PM EDT, according to their official filings. This cross-market dynamic suggests that tax cut optimism is driving capital into both equities and digital assets, creating a unique trading window for leveraged positions in BTC/ETH pairs. However, traders must remain cautious of potential reversals if the Senate delays or amends the bill, as any negative updates could dampen sentiment across markets.

In summary, the progression of the tax cut bill is a pivotal event with direct implications for crypto trading strategies. The correlation between stock market gains and crypto price movements is evident, with institutional and retail interest aligning in a risk-on posture. Traders should monitor key levels, such as BTC’s $69,000 resistance and ETH’s $3,500 psychological barrier, for breakout confirmation while keeping an eye on stock indices like the S&P 500 for broader market cues. With precise timing and volume analysis, this fiscal policy development could present significant opportunities for crypto investors as of June 4, 2025.