QCP: Trump tax cuts push Bitcoin past $108,000 this morning
Online reports that QCP released today's briefing saying that Bitcoin rebounded in early Asian trading, shaking off its sluggish performance in June, and its price approached US$108,000. This trend is driven in part by procedural progress in the Senate on Trump's $4.5 trillion tax cut bill. The decisive vote will be held at 9 a.m. EST today, and Republicans plan to complete the bill before the July 4 deadline. The Bitcoin Spot ETF recorded a net inflow of US$2.2 billion last week, and institutional investors such as Strategy and Metaplanet maintained a steady pace of accumulation. As prices rose, the perpetual contract funding rate turned from flat to positive, and leveraged long positions began to increase.
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