HUGE! BITCOIN RALLIES AS TRUMP SIGNALS HE IS BULLISH ON CRYPTO! CLARITY ACT NEW DEADLINE & MAJOR ALTCOIN NEWS!
July 7, 2026
AI Summary
5 min readBitcoin staged a sharp reversal on July 5th after a morning sell-off triggered by news that Strategy (formerly MicroStrategy) had sold 3,588 Bitcoin between June 29th and July 5th at an average price of roughly $60,197. The market initially turned bearish on the sale, but rebounded sharply after Donald Trump signaled openness to adding Bitcoin to his new accounts. Bitcoin pumped to $64,000 and was trading just below that level at the time of recording. The episode also covered the stalled Clarity Act, a wave of altcoin developments, and the accelerating global tokenization trend.
Trump's crypto signal and the market's reaction
The dominant market event was Trump's public statement that he is "a big fan of crypto" and open to the possibility of Bitcoin being added to his new accounts. Tony Edward noted that he had predicted this possibility in the previous day's episode and on Twitter, arguing that regardless of political views, the signal is positive for the asset class. The market absorbed the news quickly: Bitcoin rebounded from its morning dip, pumped to $64,000, and was trading at $63,897 at the time of recording.
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What you'll learn
- 1 (01:24) **Market Roller Coaster: Strategy Sells, Trump Buys** - Bitcoin dips on news that Strategy (Michael Saylor) sold 3,588 BTC, then rallies to $64K after Trump signals openness to adding Bitcoin to his accounts.
- 2 (02:48) **Technical Outlook: Relief Rally or True Bottom?** - Host analyzes weekly bullish divergence and stablecoin dominance bearish divergence as bottom signals.
- 3 (04:13) **Inverse Cramer Signal & Rotation from AI** - Jim Cramer turns bullish on Nvidia, which the host treats as a bearish signal for AI stocks and a potential rotation into crypto.
- 4 (05:05) **Institutional Buying Continues Despite Strategy Sale** - Other firms are buying the dip: Strive purchases 17.76 BTC, BitMine (Tom Lee) buys $74M in Ethereum.
- 5 (05:34) **Trump & White House: Bitcoin Reserve Still a Work in Progress** - Trump says he's a "big fan of crypto" and open to Bitcoin in his accounts; White House says the U.S. Bitcoin reserve is still being evaluated.
- 6 (06:20) **Clarity Act: New Deadline Set for August 7th** - Congress aims to pass the bill before the August recess (starting Aug 10); previous July 4th target was missed.
- 7 (08:35) **Sponsor Segment: iTrust Capital IRA** - Host promotes using a crypto IRA to shield gains from capital gains taxes, with physical gold/silver options and institutional custody.
+ Full timestamped outline available in the app
Guests on this episode
Show Notes
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⏰ Time Stamps ⏰
00:00 Intro
00:23 Bitcoin analysis
00:52 Trump Accounts Bitcoin
04:33 US Bitcoin reserve news
06:19 Clarity Act passing deadline
09:57 Ethereum news
10:59 Ripple XRP news
12:25 Stellar XLM news
14:05 Tokenization investment news
15:58 Russia Crypto Wallet
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