The post Bitcoin Surges Above $108,000 as Trump’s Debt Ceiling Bill May Influence Crypto Markets appeared on BitcoinEthereumNews.com.

President Donald Trump’s signing of the $3.3 trillion “One Big Beautiful Bill” marks a historic increase in the U.S. debt ceiling, sparking significant reactions across crypto markets. The legislation combines extensive tax cuts with major spending reductions, projecting a $3.3 trillion deficit increase over the next decade, which could influence inflation and investor behavior. According to COINOTAG, Bitcoin surged past $108,000 shortly after the bill’s enactment, reflecting growing investor interest in digital assets amid concerns over fiat currency stability. Trump’s $3.3 trillion bill raises the U.S. debt ceiling by $5 trillion, triggering Bitcoin’s rise above $108,000 as inflation fears and fiscal policy shifts drive crypto demand. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); Analyzing the Crypto Market Impact of Trump’s $3.3 Trillion Big Beautiful Bill The newly enacted legislation permanently extends key Trump-era tax cuts while introducing targeted deductions for tips, overtime, and auto loan interest, alongside an expanded SALT cap benefiting middle-income households. However, these fiscal incentives are counterbalanced by aggressive cuts to Medicaid, food assistance, and student loan subsidies. The Congressional Budget Office’s projection of a $3.3 trillion deficit increase over ten years underscores the bill’s expansive fiscal footprint. From a crypto perspective, this massive increase in national debt raises concerns about the long-term stability of the U.S. dollar. Investors are increasingly viewing Bitcoin and other digital assets as viable hedges against potential currency devaluation and…

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Filed under: News - @ July 5, 2025 1:28 am