Tesla CEO and tech mogul Elon Musk has officially confirmed that his newly formed political party, the America Party, will accept BTC ▲0.19%. Responding to an X user who asked whether his party would embrace BTC, Musk replied bluntly: “Fiat is hopeless, so yes.” — Elon Musk Pitched as a jailbreak from the Democratic-Republican duopoly, the America Party announcement came alongside a sudden surge in Dogecoin. Whether coincidence or calculated, the signal was clear that Musk still has enormous market sway in crypto. DogecoinPriceMarket CapDOGE$25.72B24h7d30d1yAll time DISCOVER: Best New Cryptocurrencies to Invest in 2025 Tesla’s Bitcoin History and Musk’s Crypto Legacy Elon Musk made waves in early 2021 by parking $1.5 billion of Tesla’s treasury into Bitcoin. Fast forward, Tesla’s 11,509 BTC stash is now worth roughly $1.26 billion, which is enough to place it ninth among public companies holding crypto. While the company briefly accepted BTC for vehicle payments, it later paused the program citing environmental concerns. However, the infrastructure for future integration may still be in play. JUST IN: Elon Musk said his new political party will embrace #Bitcoin “Fiat is hopeless” pic.twitter.com/LGpFEugTvs — Bitcoin Magazine (@BitcoinMagazine) July 7, 2025 Musk’s decision to launch a new political party comes amid growing tensions with former President Donald Trump. The friction escalated after Trump unveiled his “One Big Beautiful Bill,” a proposed economic plan projected to add $3.3 trillion to the U.S. national debt. “Utterly insane and destructive.” — Elon Musk Political Rift with Trump Over Crypto and Debt Musk began his split from Trump when he questioned the logic of launching initiatives aimed at reducing the debt while simultaneously inflating it with such policies. “When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy,” Musk posted online shortly after criticizing Trump’s landmark ‘Big Beautiful Bill.’ These comments reflect a broader dissatisfaction with both political parties and laid the groundwork for Musk’s America Party, which he describes as one that “actually cares about the people.” DISCOVER: 20+ Next Crypto to Explode in 2025 Dogecoin Price Surges on Political Speculation The crypto market responded quickly to Musk’s political move. Dogecoin rallied more than 5% following the announcement, rising from $0.163 to $0.171. Trading volume exceeded $1.1 billion, with whale wallets aggressively accumulating DOGE even as smaller holders sold off positions. Bitcoin’s sitting comfortably above $108,000, but the bigger setup may be geopolitical. Musk’s renewed crypto activity, combined with dovish Fed rumors, all hint at a convergence of forces that could light a fire under BTC in the coming months. EXPLORE: Tether CEO Paolo Ardoino Hopes For Net Positive From US Elections, Says Bitcoin Strategic Reserve Is A Great Idea: 99Bitcoins Exclusive Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways

• Tesla CEO and tech mogul Elon Musk has officially confirmed that his newly formed political party.
• All eyes are on Powell this month. As inflation lingers and labor metrics soften.

La muselière de Grok est tombée ; Musk l'a libéré du « politiquement correct ».

Le président américain vient de plomber le constructeur pour très longtemps.

D’après des données indépendantes, le réseau social Threads de Mark Zuckerberg serait sur le point de dépasser X. Cette alternative connaît une croissance exceptionnelle, pendant que le nombre d’utilisateurs de l’ancien Twitter est en baisse.

Elon Musk plans to create a centrist political group called the ‘America Party’ after his break from President Donald Trump. […]

Elon Musk has confirmed that his new political group, the America Party, will accept Bitcoin. Tesla remains a major holder […]

Criminals are using fake celebrity identities to convince people to invest in bogus cryptocurrency schemes. The FBI reports billions of […]

The cryptocurrency market is no stranger to volatility induced by Elon Musk. His tweets have historically caused major price swings.  But as BTC flirts with fresh highs, the current rally is more data-driven—and the Tesla CEO’s role remains unconfirmed. Bitcoin Hits Record Quarterly Close Bitcoin, the largest cryptocurrency, has achieved a historic milestone by closing the second quarter at its highest level ever, reaching $107,149 on the Bitstamp exchange. This performance follows an 11.6% decline in the first quarter, but Bitcoin rebounded with a 30% gain in the second quarter. Social metrics from LunarCrush and Santiment show a spike in Bitcoin-related engagement following a cryptic tweet from Musk on June 29. The post included a rocket emoji and a dollar symbol—enough to prompt a flurry of interpretations from the crypto community. However, no direct reference to Bitcoin was made. Analysts at CryptoQuant and Kaiko note that while social sentiment surged after the tweet, no significant wallet activity linked to Musk or Tesla has been reported. Bloomberg estimates that BlackRock IBIT brings in roughly $187.2 million annually through its 0.25% management fee. By comparison, IVV, which tracks the S&P 500 and has been a staple in retail and institutional portfolios for years, charges just 0.03%. Glassnode reports that Bitcoin’s 14-day RSI remains under 60, suggesting there’s room for more momentum. Price is holding above its 50-day ($105,970) and 200-day ($87,717) moving averages. Meanwhile, whale activity appears mixed. IntoTheBlock data shows a 45% drop in large BTC transactions over the past month, suggesting some cooling among high-net-worth traders. Still, BTC’s technical posture remains bullish. The network’s health and rising ETF demand suggest fundamental strength rather than hype-driven movement. While Elon Musk’s influence on the market remains a wildcard, current data suggests that his actions do not primarily drive Bitcoin’s momentum.

Bitcoin had a relatively strong week, which helped it end the second quarter with almost 30% gains and trading around $109,000 by July 4th – pretty close to its all-time highs. The price briefly dipped to around $105K midweek following the Senate’s approval of Donald Trump’s massive budget legislation but it was quick to rebound. Analysts remain split on the short-term outlook: Standard Chartered maintains a positive view with a $200,000 year-end target, while BitMEX co-founder Arthur Hayes warns of a potentail dip to $90K before another rally. The major political development during this week was the passage of Trump’s $5 trillion legislation “One Big Beautiful Bill,” which makes the 2017 individual tax cuts permanent, lifts the debt ceiling, and rolls back programs such as Medicaid expansion and green energy incentives. After a narrow vote in the Senate on July 1st, the House approved the bill on July 3rd, following a lengthy Democratic nailbiter. Trump is expected to sign the bill on July 4th. The crypto market reacted with a temporary weakness. However, many see the bill’s inflationary impact, as well as the ballooning US debt as a long-term bullish sign for Bitcoin. Similar fiscal stimulus packages in the past (recall the 2020 COVID relief efforts) led to sharp crypto market rallies. Hence, some analysts believe that this could be a comparable setup. Meanwhile, Tesla CEO Elon Musk criticized the bill’s cuts to clean energy and its impact on federal debt. He even went so far to suggest that he might create a third political party in response. Trump, of course, fired back, suggesting Musk could even face deportation, which escalated tensions between both of them. Other notable developments include the removal of a crypto tax relief amendment, which disappointed miners and stakers. However, the discussions around a US strategic Bitcoin reserve continue to gain moment. While Bitcoin is currently holding strong, regulatory uncertainty, macro shifts, and political risks remain some of the key variables for the coming weeks. Market Data Source: Quantify Crypto Market Cap: $3.43T | 24H Vol: $88B | BTC Dominance: 63% BTC: $108,793 (+1.7%) | ETH: $2,549 (+4.2%) | XRP: $2.24 (+7.3%) This Week’s Crypto Headlines You Can’t Miss Experts Positive on Crypto Altcoin ETFs This Year: Will XRP, ADA, and SOL Benefit? Experts believe that the US Securities and Exchange Commission will likely approve the applications for spot-based XRP, SOL, and ADA ETFs later this year. The question is if this will have a positive impact on these altcoins. Does Ethereum Have an Advantage over Bitcoin for Corporate Treasuries? There is little doubt that public companies are have been stacking Bitcoin throughout the year. But corporations may as well start buying Ethereum next and industry experts like Tom Lee and Joseph Lubin are betting big on it. Trump’s One Big Beautiful Bill TLDR: Good or Bad for Bitcoin? Donald Trump’s ‘One Big Beautiful Bill” has passed Congress voting and will be signed into existence very soon. Here is a condensed explanation of what it means for the cryptocurrency industry and whether or not we should expect an explosive rally. BlackRock’s Bitcoin ETF ‘Machine’ Outearns Legendary S&P 500 Fund: Details. The BlackRock iShares Bitcoin Trust (IBIT) has managed to achieve an incredibly impressive milestone. It is now generating more annual fee revenue than the firm’s legendary and flagship S&P 500 tracking, despite being tremendously smaller in size. Fight for 40,000 BTC Continues: Judge Allows Celsius’s Lawsuit Against Tether to Proceed. The fight over close to 40,000 BTC between Celsius and Tether will continue. A U.S. bankruptcy judge has ruled that the former can go on with its lawsuit, currently worth around $4.3 billion, against the world’s largest issuer of stablecoins. Should we be worried? When Will Bitcoin’s Price Reach its Top This Cycle? Analysts Give Key Insights. The biggest question: is the cycle’s top already in or are we going to see an outsized blow-off bull run in the second half of 2025? An on-chain data expert from CryptoQuant shares his perspectives on the matters and reveals some very interesting findings. Charts This week, we have a chart analysis of Ethereum, Ripple, Cardano, Solana, and Binance Coin – click here for the complete price analysis. The post Bitcoin Climbs as Trump’s $5 Trillion Bill Sparks Market Volatility and Political Tensions: Your Weekly Crypto Market Update appeared first on CryptoPotato.

Le président américain et ses acolytes auraient informé les médias américains sur son rival.