Bitcoin Remains Above $107K Following Senate Approval of $4.5T Bill

Bitcoin remained stable as the Senate passed President Trump's $4.5 trillion "One Big Beautiful Bill" with a narrow 51–50 vote, aided by Vice President J.D. Vance's tie-breaking vote. The bill includes tax reductions and funding for border security but lacks direct crypto-related provisions.

Bitcoin Movement

Bitcoin dipped to around $106,344 before the vote but rebounded above $107,800 post-approval, marking a swing of roughly $1,400 or about 1.3%. Traders reacted variably, with some selling during the dip and others waiting for further developments.

Altcoin Performance

Ethereum fell by 0.3%
XRP decreased by approximately 0.7%
Solana dropped up to 6%
Overall liquidations in the crypto market exceeded $219 million, with Bitcoin contributing about $60 million

Crypto Stock Reactions

MicroStrategy shares increased by around 3.2%
Coinbase stock rose by 2.3%

The bill will return to the House for final approval, targeting a signature from the president before July 4. Traders are attentive to upcoming inflation data and Federal Reserve signals, which may impact crypto markets. The Senate vote highlights Bitcoin's sensitivity to significant political events.