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Markets Tumble as Trump’s ‘One Big Beautiful Bill’ Raises Red Flags
In a sharp turn of market sentiment, U.S. equities dipped into the red following the House of Representatives' advancement of President Donald Trump’s much-anticipated tax and spending package—coined the “One Big Beautiful Bill.”
While initially hailed by the administration as a growth driver, the bill is now drawing skepticism from financial markets. Investor concerns intensified after credit rating agency Moody’s downgraded U.S. debt from its prized triple-A rating, citing the bill’s potential to balloon the federal deficit.
Traditional markets weren’t the only ones reacting—crypto traders also watched closely. With fiscal instability looming, some speculators are weighing whether this could bolster Bitcoin and other decentralized assets as safe-haven alternatives.
“This isn’t just about taxes anymore,” noted a senior analyst. “It’s about credibility, debt sustainability, and the ripple effect across both traditional and digital finance.”
As uncertainty swirls, market participants will be closely monitoring Senate developments—and any potential Fed reactions—to determine if this “beautiful” bill could bring more chaos than charm.
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