- Bitcoin hit $108K as “One Big Beautiful Bill” entered Senate debate, sparking strong bullish sentiment across social platforms.
- Crypto chatter jumped 16% in dominance as retail FOMO kicked in, aligning closely with BTC’s price rally on July 1, 2025.
- Lummis’ crypto tax relief push adds firepower to the bill, giving Bitcoin miners and traders real regulatory momentum to cheer.
Bitcoin climbed to $108,252.94 on July 1, 2025, as social metrics spiked across the crypto space. The rally followed confirmation that Trump’s “One Big Beautiful Bill” advanced to the U.S. Senate.
Social Metrics Spike as Retail Interest Builds
Bitcoin saw a price increase and a parallel jump in retail attention, according to a post by Santiment. Social volume rose to 68 mentions while dominance hit 16%, tracking closely with BTC’s upward move. This synchronicity points to renewed excitement as prices and engagement rise together.
The chart showed blue bars representing growing mentions, with a green line tracking BTC/USD. The surge followed days of quieter sentiment, suggesting the bill’s progress sparked fresh buzz. Retail chatter appears to be fueling what some view as early FOMO activity.
Bullish sentiment continued rising based on filtered keywords such as “buy,” “above,” and “bullish.” From May to July 1, these mentions consistently beat bearish language across all tracked posts.
Bill Reaches Critical Stage with Tax Relief Amendment Proposed
The “One Big Beautiful Bill” has officially reached Stage 4: Senate debate, according to a report by WhiteHouse.gov. It cleared Committee Review, House Debate, and a full House Vote in recent weeks. The bill now requires Senate passage before being signed into law.
An image from the tracker illustrates the legislative journey, highlighting bipartisan momentum behind the bill’s advancement. Lawmakers and market participants are closely watching the next vote. Lawmakers are now under pressure as the bill enters debate, with investors closely tracking every move.
Senator Cynthia Lummis, meanwhile, proposed a tax relief amendment focused on Bitcoin payments and small transactions. According to a tweet by Roundtable Network, the changes aim to end double taxation and exempt small BTC payments from capital gains. This push signals broader support for favorable crypto regulation.
Sentiment Signals Support From Traders and Analysts
Santiment’s advanced filter tool shows bullish posts have outweighed bearish mentions in recent weeks. Positive sentiment jumped sharply in the latest chart bar. This response tracks closely with speculation that the bill may unlock tax incentives for Bitcoin miners.
Elon Musk’s frustration over delays was also referenced in social threads, adding pressure on policymakers. Traders now view this policy moment as pivotal for long-term BTC adoption. The surge in price and sentiment shows growing alignment between market expectations and regulatory prospects.
As of July 1, BTC held firm above $108K, supported by mounting optimism and legislative momentum favoring crypto.
