The massive Trump bill has been approved - brace for a wave of inflation affecting cryptocurrencies.
President Trump signed "one big beautiful bill," a $3.4 trillion budget package that expands tax cuts and raises the debt ceiling by $4-5 trillion.
Cryptocurrencies did not receive direct support, but macroeconomic conditions benefited: massive government spending and debt expansion have historically been linked to gains in Bitcoin. Analysts indicate that cryptocurrencies may outperform as inflation rises.
– The value of Bitcoin dropped to around $108,000, then began to rise due to inflation fears.
– The "Genius" bill and "Crypto Week" are still on track, supporting the clarity of stablecoin vision.
– Stakeholders expect renewed cryptocurrency tax proposals from senators like Lummis.
Keep an eye on inflation data, bond yields, and Bitcoin's response. Follow news headlines regarding Treasury bond yields and House approvals of bills supporting cryptocurrencies. This macroeconomic situation may pave the way for the next advancement in the smart money world.
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