Breaking: BTC Price Rises As US House Passes Trump’s ‘One Big Beautiful Bill’

Highlights
- Bitcoin has rallied from its intraday lows.
- This comes as the US House passed a final vote on Trump's One Big Beautiful Bill.
- The Tax bill will now head to the White House for Trump's assent.
The BTC price has rebounded from its intraday low of $108,600, having rallied to as high as $110,500 earlier in the day. This rebound follows the US House’s final vote to pass Donald Trump’s “One Big Beautiful Bill,” which now heads to the White House.
BTC Price Surges As US House Passes Trump’s Tax Bill
CoinMarketCap data shows that the Bitcoin price is back above $109,000 and looking to reclaim the $110,000 psychological level. This price surge came as the US House passed Trump’s tax cut and spending bill. According to Punchbowl News, 218 representatives voted in favor of the bill, while 214 voted against it.
The flagship crypto had earlier in the day dropped to as low as $108,600, after climbing to an intraday high of $110,550. The US House’s passing of the bill provides a bullish outlook for the BTC price, given how it could increase government spending and possibly weaken the dollar against the crypto asset.
As CoinGape reported, the Bitcoin price had also rallied two days ago when the US Senate passed the “One Big Beautiful Bill.” Following the passage of the bill in both chambers, the tax bill will now head to the White House for Trump’s assent. The US president is expected to sign the bill tomorrow.
- Expert Flags Pi Network Team as Source of Selling Pressure After Reported 1.2M PI Dump
- Ripple’s Chris Larsen Expands XRP Realized Profit to $764M Amid Evernorth Deal
- Just In: Hyperliquid Strategies Eyes $1B Capital Raise, Plans HYPE Token Accumulation
- Senators Reaffirm Commitment to Market Structure Bill After Meeting with Coinbase, Ripple
- How the Crypto Market Could React to the Next Fed Meeting on October 29?
- XRP Price Classical Pattern Points to a Rebound as XRPR ETF Hits $100M Milestone
- Chainlink Price Eyes $27 Rebound as Whales Accumulate 54M LINK
- Pi Network Price Wedge Signals a Rebound as Key Upgrades Raise Utility Hopes
- Solana Price Eyes $240 Recovery as Gemini Launches SOL-Reward Credit Card
- XRP Price Prediction Amid Evernorth’s $1B XRP Treasury Plan – Can XRP Hit $5?
- Ethereum Price Targets $8K Amid John Bollinger’s ‘W’ Bottom Signal and VanEck Staked ETF Filing