{"content":"Bitcoin Sinks as Trump’s ‘Big Beautiful Bill’ Clears Senate Crypto prices fell Tuesday as Bitcoin fell below $105,000. Ethereum, XRP, and Solana fell 3.2%, 3%, and 4%. President Trump and Elon Musk are at odds after the US Senate passed One Big Beautiful Bill. Bitcoin (BTC) fell 1.5% in the early Asian session on Wednesday amid renewed political tensions between US President Donald Trump and Tesla CEO Elon Musk over the "One Big Beautiful Bill," which barely cleared the Senate. President Donald Trump's One Big Beautiful Bill (OBBB) passed the Senate on Tuesday with a 51-50 vote, causing Bitcoin and altcoins to fall. After almost 24 hours of deliberation, Vice President JD Vance broke the tie. The measure now returns to the House, where it was initially proposed, for a review of Senate revisions as Trump's July 4 deadline looms. Trump's One Big Beautiful Bill Act extends tax legislation from his previous administration via tax cuts, expenditure initiatives, and policy reforms. Politicians have criticized the law for raising the US debt limit by $3 trillion. Trump said the critiques were because the plan eliminated electric vehicle (EV) tax subsidies, which benefit Musk's firms. "Elon Musk knew, long before he strongly endorsed me for president, that I was against EV mandate," Trump posted on Truth Social on Monday. Trump said the Department of Government Efficiency (DOGE), which Musk founded earlier this year, should withdraw such subsidies from Tesla's operations to save the US "a fortune." The crypto market fell 4% in 24 hours due to the Trump-Musk rivalry. Bitcoin declined 1.5% to $105,000 after rising to $108,700 on Monday. Top AI tokens Bittensor (TAO), Near Protocol (NEAR), and Internet Computer (ICP) fell 4%, 4%, and 3% due to political happenings. #TrumpVsMusk #ElonMusk #TRUMP $BTC $TRUMP ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025072025/07/02/4027c1cfa15a4fa3b47d846d9289aebe.png"],"tags":[],"tradingPairs":["XRP/USDT"],"quotearticleid":0}