QCP: The Trump tax cut plan drove Bitcoin to break through $108,000 this morning, with institutional funds continuing to flow in.

robot
Abstract generation in progress

According to Deep Tide TechFlow news, on June 30, QCP released today's briefing stating that Bitcoin rebounded during the Asian morning session, breaking away from June's sluggish performance, with the price nearing $108,000. This trend is partly driven by the procedural progress of Trump's $4.5 trillion tax cut bill in the Senate, with a decisive vote scheduled for 9 AM Eastern Time today. Republicans plan to complete the bill before the July 4 deadline.

Bitcoin spot ETF recorded a net inflow of $2.2 billion last week, with institutional investors such as Strategy and Metaplanet maintaining a steady accumulation pace. As prices rise, the perpetual contract funding rate has shifted from neutral to positive, and leveraged long positions have begun to increase.

At the same time, Ethereum and Solana also rose, driven by positive feedback from the U.S. Securities and Exchange Commission on the staking ETF proposal put forward by REX Shares. Despite the bullish price trend, the options market remains calm, with implied volatility hovering near historical lows.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)