According to The Kobeissi Letter, Elon Musk publicly refuted President Trump's claims regarding his involvement in the recent spending bill, stating the bill 'was never shown to me once and was passed in the dead of night' (Source: The Kobeissi Letter, June 5, 2025). This political tension increases market uncertainty, historically leading to heightened volatility in major cryptocurrencies like Bitcoin and Ethereum due to investor risk aversion and flight to safe-haven digital assets. Traders should monitor legislative developments closely, as abrupt policy changes or political disputes in the U.S. government have historically triggered significant price swings in crypto markets.

According to Fox News, the Congressional Budget Office (CBO) reports that the Trump administration's new spending bill proposes tax cuts totaling $3.7 trillion while increasing the federal deficit by $2.4 trillion. Traders should monitor this development closely, as such significant fiscal stimulus could drive increased liquidity in financial markets and potentially lead to higher inflation expectations. This scenario may result in a weaker US dollar, creating upward momentum for cryptocurrency prices, especially Bitcoin and Ethereum, as market participants seek inflation hedges and alternative assets. The CBO's analysis underscores the importance of tracking fiscal policy changes for crypto market volatility and trading strategies. Source: Fox News, June 4, 2025.

According to Fox News, Senator Thune stated that former President Trump's criticism of the recent spending bill is based on faulty economic analysis. Thune emphasized that the bill's fiscal mechanisms are structurally sound, counteracting claims of potential inflationary pressures. For crypto traders, this clarification suggests that immediate macroeconomic risks, such as runaway inflation or sudden monetary tightening, are less likely—offering short-term stability for Bitcoin and altcoins that react closely to U.S. fiscal policy signals (Source: Fox News, June 4, 2025).

According to Fox News, several GOP senators have voiced concerns and skepticism regarding former President Trump's proposed spending bill following a critical rant by Elon Musk on social media (Fox News, June 4, 2025). The public debate, amplified by Musk's influence, has led to uncertainty in US fiscal policy outlook, which is increasing short-term volatility in Bitcoin and Ethereum as traders assess risks tied to federal spending and potential inflation. Crypto market participants are monitoring legislative developments closely for signals on economic policy shifts that could impact digital asset valuations.

According to Fox News (@FoxNews), the White House reaffirmed support for the Trump-endorsed 'big, beautiful bill' despite outgoing DOGE chief Elon Musk's criticism, labeling it as 'massive, outrageous, pork-filled Congressional spending.' The bill, which passed the House last month and is now heading to the Senate, has raised concerns among traders regarding potential fiscal expansion and its possible inflationary impact on the crypto market, especially Dogecoin. As policy uncertainty increases, traders should closely monitor Senate developments for short-term volatility in DOGE and broader crypto assets (Source: Fox News, June 3, 2025).

According to The Kobeissi Letter, Elon Musk publicly criticized President Trump's Congressional spending bill, calling it 'massive, outrageous, pork-filled' and a 'disgusting abomination' (source: The Kobeissi Letter, June 3, 2025). This high-profile denouncement highlights rising concerns over inflation and fiscal policy, which often drive investors toward alternative assets like Bitcoin and Ethereum. Traders should monitor volatility in crypto markets, as negative sentiment toward government spending could fuel increased demand for decentralized assets (source: The Kobeissi Letter).

According to Fox News, Elon Musk expressed disappointment with former President Trump's latest spending bill, stating it undermines the efforts and progress of Dogecoin (DOGE). This statement highlights potential regulatory and economic headwinds for Dogecoin and the broader cryptocurrency market, as Musk's influence often moves DOGE price action and shapes market sentiment. Traders should closely monitor legislative developments and Musk's public positions for short-term volatility triggers in the Dogecoin trading pair and related altcoins. (Source: Fox News, May 28, 2025)