Bitcoin Surges Amid $5 Trillion Trump Bill Chaos—Market Turbulence & Political Fireworks Ignite

Bitcoin defies gravity as Washington's $5 trillion spending bomb drops—traders scramble while politicians trade blame.

Market mayhem meets partisan warfare

The orange coin's rally contrasts sharply with traditional markets' sweaty-palmed reactions to the controversial bill. Volatility spikes as DC's latest cash cannon fires indiscriminately—because what's another trillion between friends?

Digital gold's proving its crisis credentials again while Wall Street's quant bots short-circuit trying to price political risk. Meanwhile in Congress: finger-pointing reaches Olympic-level gymnastics.

Another day, another deficit—but Bitcoin's supply cap ain't budging. Funny how that works.

Market Data

Source: Quantify Crypto

Market Cap: $3.43T | 24H Vol: $88B | BTC Dominance: 63%

BTC: $108,793 (+1.7%) | ETH: $2,549 (+4.2%) | XRP: $2.24 (+7.3%)

This Week’s Crypto Headlines You Can’t Miss

Experts believe that the US Securities and Exchange Commission will likely approve the applications for spot-based XRP, SOL, and ADA ETFs later this year. The question is if this will have a positive impact on these altcoins.

There is little doubt that public companies are have been stacking Bitcoin throughout the year. But corporations may as well start buying ethereum next and industry experts like Tom Lee and Joseph Lubin are betting big on it.

Donald Trump’s ‘One Big Beautiful Bill” has passed Congress voting and will be signed into existence very soon. Here is a condensed explanation of what it means for the cryptocurrency industry and whether or not we should expect an explosive rally.

The BlackRock iShares Bitcoin Trust (IBIT) has managed to achieve an incredibly impressive milestone. It is now generating more annual fee revenue than the firm’s legendary and flagship S&P 500 tracking, despite being tremendously smaller in size.

The fight over close to 40,000 BTC between Celsius and Tether will continue. A U.S. bankruptcy judge has ruled that the former can go on with its lawsuit, currently worth around $4.3 billion, against the world’s largest issuer of stablecoins. Should we be worried?

The biggest question: is the cycle’s top already in or are we going to see an outsized blow-off bull run in the second half of 2025? An on-chain data expert from CryptoQuant shares his perspectives on the matters and reveals some very interesting findings.

Charts

This week, we have a chart analysis of Ethereum, Ripple, Cardano, Solana, and Binance Coin – click here for the complete price analysis.