Today’s U.S. budget balance statement revealed a significant deficit, heightening concerns over inflation and fiscal sustainability. In response, Bitcoin (#BTC) fell 3.5% to $101,569, and Ethereum (#ETH) dropped 2.8% to $2,438.76, with trading volumes surging by 15% and 12%, respectively, indicating increased market volatility. The rising deficit-to-GDP ratio suggests potential shifts in monetary policy, such as lower interest rates, which could influence crypto valuations. However, immediate market reactions were bearish, reflecting investor apprehension about economic instability. As the fiscal landscape evolves, cryptocurrency markets remain sensitive to macroeconomic indicators, underscoring the importance of monitoring government financial statements for informed trading decisions.

This could be a good opportunity for investment in #BTC#Eth etc.