On July 1st, Elon Musk stated via social media that he would establish a new political party if the controversial ‘Big and Beautiful’ spending bill passes. His involvement has reignited discussions among market observers.
Despite Musk’s comments, there was no significant impact on cryptocurrency markets. Historically, his previous remarks have caused volatility in Bitcoin (BTC) and Dogecoin (DOGE). Currently, BTC trades at 107,174.28 USD with a market cap of 2.13 trillion USD.
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