Ethereum investors are increasingly moving their holdings to exchanges, sparking debate over whether this signals an impending price crash or a setup for a bullish rally. Recent on-chain data shows
Tesla CEO Elon Musk announced his new political party, describing the US's national debt burden of over $37 trillion as “a disaster that will lead the country to bankruptcy.” With this formation, which he called the “America Party”, Musk also declared a clear separation from his old friend and re-elected president last year, Donald Trump. The developments brought with them the expectation of a big rise in the cryptocurrency market, especially for Bitcoin. Speaking at the Bitcoin Conference in Las Vegas, financial commentator Lyn Alden drew attention to the dramatic increase in the US budget deficit, using the phrase “Nothing stops this train” in reference to the Breaking Bad series. Alden said that $2 trillion more will be added to the US debt in 2024 alone. Musk has been harshly critical of Trump’s new mega-economic bill, which he calls the “One Big Beautiful Bill.” The bill will increase the debt ceiling by $5 trillion and add an additional $3 trillion in debt to the country. Musk lashed out at Trump in his post on the X platform, saying, “This is going to bankrupt the country.” Musk also argued that Trump and the Republicans have failed to keep their promises of “cutting spending” in their election promises last year. Related News: The Altcoin That Earned the Most Decentralized Application Revenue in the Last Three Months Has Been Revealed - It Made a Big Difference Musk’s move and the increasing financial expansion in the US have created excitement in the crypto market. Unity Wallet COO James Toledano commented, “The government printing so much money is weakening the dollar while strengthening Bitcoin’s ‘digital gold’ status.” Crypto investor Lark Davis reminded that Bitcoin usually makes double-digit gains after such huge spending bills, saying, “When Trump signed another huge spending bill at the end of 2020, Bitcoin rose by 38%. If the same pattern repeats, the BTC price could hit $150,000. Because nothing can stop this train.” “All In Podcast” host David Friedberg summarizes the picture as follows: “We are facing a financial emergency in this country, and no one is trying to solve it.” Rapidly rising interest rates following major stimulus packages during the pandemic are making it even more difficult to finance the US’s debt, which has reached $37 trillion. While the increasing public spending and borrowing trend in the US creates uncertainty in financial markets, many investors are turning their eyes back to limited-supply digital assets like Bitcoin. Elon Musk’s new political formation, the “America Party,” shows that this financial turmoil will have not only political but also economic consequences. *This is not investment advice. Continue Reading: Elon Musk Founded His Own Political Party in the US – What Does This Mean for Bitcoin (BTC) and How Will It Affect It?
Dogecoin (DOGE) surged over 6% in the past 24 hours to lead gains among major cryptocurrencies, as bitcoin (BTC) bounced toward the $110,000 mark on renewed rate-cut hopes and easing fears around looming U.S. tariffs. The rally came after U.S. officials clarified that President Trump’s long-anticipated tariff hikes would not go into effect immediately, giving countries more time to negotiate. The initial July 9 deadline sparked concerns over a sharp deterioration in global trade, but Treasury Secretary Scott Bessent said on Sunday that nations without a deal would likely receive a three-week extension to reach agreements before the new levies take effect on August 1. “Markets are rallying after it was revealed countries will have more time to negotiate before tariffs take effect,” said Jeff Mei, COO at BTSE, in a Telegram message. “If we see a soft CPI print on Tuesday, that could open the door for a Fed rate cut later this year.” The clarification helped stabilize risk sentiment heading into a crucial week. Traders are now watching Wednesday’s U.S. inflation data for signals that could support a dovish pivot from the Federal Reserve. A lower-than-expected CPI print could boost the case for a rate cut as early as September, helping crypto and risk assets extend their rebound. Bitcoin gained 1.1% over 24 hours to trade above $109,000, while ether (ETH) added 2.5% to reach $2,570. Other majors, including Solana's SOL (SOL), XRP (XRP), Cardano' ADA (ADA), and Tron's TRX (TRX) posted 2%-4% gains, supported by strong inflows and improving sentiment. “The BTC bounce and ETH inflows show traders are rotating into long-term value assets,” said Eugene Cheung, Chief Commercial Officer at OSL, said in a Telegram message. “We expect more investors to seek shelter in crypto as macro volatility builds.” “We’re optimistic that more investors will look to Bitcoin and Ethereum to escape macro volatility and potential inflation increases as the Fed signals high potential to cut interest rates this year,” Cheung added. Dogecoin’s outperformance marks a sharp return of retail enthusiasm, with trading volumes crossing $1.5 billion in the past 24 hours (relatively high for a weekend after an otherwise flat week), as known-backer Elon Musk unveiled plans for an “America Party.” Read more: Elon Musk Says America Party Will Embrace BTC as 'Fiat Is Hopeless'
Solana’s price resilience is underpinned by a robust rising channel and a substantial $2.75 billion USDC minting spree, injecting fresh liquidity into its DeFi ecosystem. Continuous USDC supply expansion by
According to the latest data from the Jupiter dashboard on July 7, Letsbonk secured the leading position in the Solana token issuance platform market with a dominant 55.1% market share
Uniswap traders and investors should not be overly bullish, but a pessimistic outlook was not warranted either.
The post Crypto News Live Today, Bitcoin Price, Ethereum Price USD,XRP News,Elon Musk And More….. appeared first on Coinpedia Fintech News July 7, 2025 05:13:44 UTC Elon Musk Says America Party Will Embrace Bitcoin, Trump Calls Him a ‘Wreck’ Elon Musk, in a recent X post, said that his America Party will support Bitcoin. When a user asked if the party would embrace Bitcoin, Musk replied, “Fiat is hopeless, so yes.” He announced the formation of the party on Saturday, aiming to break the Republican-Democrat stronghold. This comes amid a rift with Donald Trump, who recently signed the “Big Beautiful Bill”—a move which Musk has criticized for worsening the national deficit. Donald Trump fired back at Elon Musk on Truth Social, calling him a “TRAIN WRECK” who has “gone off the rails” in recent weeks. He also mocked his plan to launch a third political party.
The world's largest cryptocurrency exchange Binance started the day with an altcoin announcement. At this point, Binance stated that it has added three more altcoins to its watchlist. Binance announced that it will be expanding its Tracking Tag to include altcoins BakeryToken (BAKE), IDEX (IDEX), and Self Chain (SLF). “Based on recent reviews, Binance will expand the Tracking Tag to more tokens on 07.07.2025. The tokens to be added to the Tracking Tag list are: BakeryToken (BAKE) IDEX (IDEX) Self Chain (SLF) Tokens with a Watch Label exhibit significantly higher volatility and risk compared to other listed tokens. These tokens are closely monitored and undergo regular reviews. Please note that tokens with a Watch Label are at risk of no longer meeting our listing criteria and being removed from the platform.” Following the announcement, altcoin prices began to decline. *This is not investment advice. Continue Reading: Binance Puts Three Altcoins on Its Radar: “They Might Be Delisted!” – Prices Drop!
The post Elon Musk Has Announced the Formation of a New Centrist Political Movement: The America Party. appeared first on Coinpedia Fintech News The announcement comes after a public fallout with former President Donald Trump, driven by Musk’s opposition to what he calls the “debt slavery bill”, Trump’s heavily promoted stimulus package known as the Big Beautiful Bill. Musk believes the legislation fuels reckless fiscal policy and deepens economic instability. Why Bitcoin Is Central to Musk’s Political Vision In a recent post on X, Musk declared fiat money “ hopeless ,” signaling a bold pivot toward digital assets in political discourse. Bitcoin, in particular, is set to be a cornerstone of the America Party’s platform. The America Party is the solution https://t.co/KryqdEcqIU — Elon Musk (@elonmusk) July 6, 2025 Musk has long been a vocal advocate of cryptocurrency, with Tesla and SpaceX holding Bitcoin on their balance sheets. Now, he’s extending that vision into the political sphere, promoting Bitcoin as a tool to combat inflation and resist centralized monetary control. Focus on Congress, Not the Presidency While many speculated Musk may have presidential ambitions, he clarified that his immediate focus will be on Congressional races, not a run for the White House. The American Party aims to support innovation, protect free speech, and reduce excessive regulation—while maintaining a moderate stance on divisive issues. A filing under the name “Elon Reeve Musk” for the “America Party” recently circulated on X, purportedly from the Federal Election Commission (FEC). However, no such record exists on the official FEC website, and Musk has since denied any involvement with that filing, calling it false. The Musk-Trump Rift Goes Public Tensions between Musk and Trump have escalated rapidly. Following Musk’s announcement, Trump lashed out on Truth Social, labeling Musk a “ TRAIN WRECK ” and accusing him of going “ off the rails .” The clash highlights a deeper divide between the two figures, who were once politically aligned. Musk’s popularity among younger, tech-savvy, and pro-crypto voters is growing—putting him at odds with Trump’s base. In response, Musk accused Trump of abandoning the political center. He launched a poll asking followers whether he should start a new party for the “80 percent in the middle.” After receiving overwhelming support, Musk moved forward with the unofficial launch of the America Party. [post_titles_links postid=”479140″] Backchannel Offers and Political Ambitions Before launching his own party, Musk reportedly received outreach from political figures like Andrew Yang and Libertarian Party Chair Steven Nekhaila, urging him to support their movements. However, Musk remained focused on fighting Trump’s bill and challenging the Republicans who supported it. He later unveiled a loose political strategy, criticizing both Democrats and Republicans as a “ uniparty ” lacking meaningful differences. Though some have speculated about Musk’s presidential ambitions, the U.S. Constitution bars him from running—as he was born in South Africa. This limitation restricts the leadership options of the America Party but hasn’t dampened its momentum. [article_inside_subscriber_shortcode title=”Never Miss a Beat in the Crypto World!” description=”Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.” category_name=”News” category_id=”6″]
As of July 7, CoinGecko reports that ECHO (Echo Protocol) has surged to a price of $0.05107, reflecting a remarkable 96.8% increase within the last 24 hours. This significant price