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Bitunix Analyst: Senate Passes $3.3 Trillion Tax Cut Bill, Crypto Assets Volatile, Suggests Monitoring House Vote for USD Trend
Summary: According to reports, the U.S. Senate narrowly passed President Trump's $3.3 trillion tax cut bill with a vote of 51:50. The bill includes comprehensive tax cuts and spending plans, and is expected to be voted on in the House of Representatives this week. While the bill is seen by the Republicans as an electoral advantage, ...
According to reports, the U.S. Senate narrowly passed President Trump's $3.3 trillion tax cut bill with a vote of 51:50. The bill includes comprehensive tax cuts and spending plans, and is expected to be voted on in the House of Representatives this week. While the bill is seen by the Republicans as an electoral advantage, polls show limited public support and some Republican lawmakers have unstable positions, making the outcome uncertain.
On the market side, if the bill is passed, it may further increase the fiscal deficit and add pressure on the Federal Reserve to maintain high interest rates. In the short term, the USD is slightly weak, and crypto assets are volatile.
Bitunix analysts suggest:
Investors should pay attention to the House vote results and the market's reaction to the pressure on U.S. bond supply. If the bill passes, the USD trend will dominate short-term risk sentiment. It is recommended to manage positions properly and patiently wait for market direction confirmation.
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Link: Bitunix Analyst: Senate Passes $3.3 Trillion Tax Cut Bill, Crypto Assets Volatile, Suggests Monitoring House Vote for USD Trend [Copy]
