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Hey crypto enthusiasts, it’s CryptosRUs here with a quick breakdown of three major developments shaking up the markets and the crypto world. If you’re tracking Bitcoin and crypto, these updates are crucial for understanding where things might head next. From a controversial government bill to trade tariffs and some game-changing ETF approvals, let’s dive in and unpack what’s going on and why you should care.
1. The End of the 90-Day Tariff Extension and Its Ripple Effects
First off, the 90-day tariff extension that’s been hanging over the markets is coming to an end next week. President Trump has indicated he won’t be extending it any further and is scrambling to make some last-minute deals—possibly mini-deals—to ease tensions. This is a pivotal moment because if countries can strike trade agreements soon, it would be a huge positive catalyst for global markets.
Why does this matter for crypto? Well, when traditional markets do well, Bitcoin and the broader crypto space usually follow suit. So, keep your eyes peeled this week for announcements of new trade deals, as they could spark a market rally.
Adding an interesting twist, ECB President Pal recently fired back at critics—mainly Trump—who’ve been blasting him for not cutting interest rates sooner. Pal said if it weren’t for these “stupid tariffs,” he would have already lowered rates. This back-and-forth highlights how tariffs are a bigger drag on economic policy than many think.
2. The “Big Beautiful Bill” — What’s Inside and Why It’s So Controversial
Next up, the “Big Beautiful Bill” just squeaked through the Senate by a razor-thin 51-50 vote, with Senator Vance casting the deciding vote. This bill is a hot mess of pros and cons, and it’s stirring up a lot of heated debate, especially with influential figures like Elon Musk vocally opposing it.
What’s Good About the Bill?
- More funding for border control and ICE, including money to build out the wall.
- Tax breaks aimed at small businesses, people’s tips, overtime, and even interest on car loans are set to become tax-exempt, which could ease financial burdens.
- Incentives for manufacturing in America, promoting a comeback for domestic production.
- Notably, the bill seems to remove the capital gains tax on crypto transactions — a huge win for crypto holders.
What’s Controversial?
- The bill is projected to increase the federal deficit by a staggering $4 trillion, and the supposed savings don’t cover all the new spending.
- There are massive tax breaks for the mega-rich, especially those making over $4.3 million annually, which has many people angry and skeptical.
- Many EV mandates are being rolled back, sparking fears about job losses in solar, wind, and automotive industries.
- The increased funding for ICE is stirring pushback from several mayors who refuse to allow unauthorized arrests by ICE agents.
This bill now heads to the House, which has its own version. They’ll have to reconcile the two versions — a process that could take time but likely leads to passage given the Republican majority. Markets aren’t showing much reaction yet, probably because the long-term implications on deficits and borrowing remain unclear.
3. Crypto Market Update and a Huge ETF Approval
Lastly, let’s talk crypto and Bitcoin specifically. The market is currently in a sideways phase, digesting all these macroeconomic developments. Bitcoin recently dipped slightly, which was expected according to technical analysis shared in my Discord community by experts like Blake and Josh. These dips are nothing new — just part of the normal ebb and flow before the next upward move.
The key to remember is scarcity. Bitcoin’s limited supply means that as more people buy and exchange reserves drop, prices are primed to rise over time. Patience is essential here.
On a very positive note, the SEC just approved Grayscale’s multi-crypto ETF, which includes popular tokens like Solana, XRP, Cardano, Ethereum, and Bitcoin. This approval is huge because it paves the way for individual crypto ETFs to get greenlit soon, potentially driving more investment and growth in these projects.
Wrapping Up
So, to recap:
- The 90-day tariff extension is ending, and trade deals could soon boost markets and crypto.
- The “Big Beautiful Bill” passed the Senate amid controversy, with big spending increases and tax breaks for the wealthy, now moving to the House.
- Bitcoin is consolidating but poised for growth, especially with the recent approval of Grayscale’s multi-crypto ETF.
Keep these events on your radar—they’re shaping the crypto and Bitcoin landscape in real time. Stay patient, stay informed, and I’ll see you next time with more updates!
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