Cryptocurrency prices could benefit this year after the US House of Representatives voted to pass Donald Trump’s Big Beautiful Bill, sending it to Donald Trump for signing. This article explains why this bill is bullish for the industry and some of the best crypto to buy.
Why Big Beautiful Bill is Bullish for Cryptocurrencies
There are at least two main reasons why the Big Beautiful Bill is highly bullish for cryptocurrencies. First, the bill will help to maintain the 2017 tax cuts and introduce new ones, such as on tips and overnight work.
Analysts anticipate that removing these taxes will save taxpayers billions of dollars in the next decade. Some of these savings will be channelled towards cryptocurrencies.
Second, the bill will lead to higher government debt, with studies estimating a figure of over $3.3 trillion. The bill also raises the debt ceiling by over $5 trillion. Therefore, this benefits Bitcoin and other cryptocurrencies because they are seen as hedges against uncontrolled borrowing in Washington.
Further, the bill clears the way for Congress to focus on other crypto-friendly legislations like the Digital Asset Market Clarity (CLARITY) and the GENIUS Act. Another aspect of the bill is that it proposes a 5% tax on cross-border remittances, which will push users to stablecoins.
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Best 3 Crypto to Buy After the Bill Passed
Some of the best crypto to buy after the bill passed were popular names like Bitcoin Pepe (BPEP), Bitcoin Cash (BCH), and Maple Finance (SYRUP).
Bitcoin Cash (BCH)
Bitcoin Cash is one of the best crypto to buy for huge gains. It has already jumped from a low of $250 in April to $495 today. It formed a golden cross pattern as the 50-day and 200-day moving averages crossed each other.
BCH price has moved above the 61.8% Fibonacci Retracement, where reversals typically happen. It is also hovering at the ultimate resistance level of the Murrey Math Lines.
Therefore, the Bitcoin Cash price will likely continue soaring, with the next point to watch being the November high of $640, up by 28% above the current level.
Maple Finance (SYRUP)
Maple Finance is another top crypto to buy for huge gains in the coming months. SYRUP, its token, has already jumped by over 530% from its lowest level this year, making it one of the best performers this year.
Maple’s performance is because of its growing assets under management, which have jumped to over $2.5 billion today. It is also becoming a major player in the real-world asset (RWA) tokenization industry.
Technicals point to more MAPLE price gains. It has formed an ascending channel and remains above the 50-day Exponential Moving Average (EMA). Therefore, the token will likely keep surging as bulls target the resistance level at $1.
Bitcoin Pepe (BPEP)
Bitcoin Pepe is another top crypto to buy as it seeks to disrupt the industry. It is an upcoming crypto project whose name is derived from the two popular crypto projects.
Bitcoin is the biggest coin in the industry, while Pepe is a top meme coin on Ethereum. This name has a significance in that it is hoping to create a Bitcoin layer-2 network fully focused on meme coins.
The concept of a layer-2 network is not new as popular chains like Core and Stacks already exist. Its main difference is that it focuses purely on meme coins, which have become major players in the crypto industry. Learn more about Bitcoin Pepe here.
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