Trump's Dividend Plan Fails to Move Bitcoin Price

Bitcoin's price held steady around $77,650 to $78,000 despite President Trump's proposal to give $5,000 dividend checks to Americans if Republicans keep control of Congress. The proposed plan has a potential cost of $1 trillion and could impact the budget deficit.

Investors are currently focused on upcoming U.S. inflation data (PPI and CPI) and Federal Reserve policies, which are expected to influence Bitcoin's next major price move.

This muted response from the crypto market highlights how stimulus-driven hype no longer strongly influences the market as it did during the pandemic.