#OneBigBeautifulBill Bitcoin reacts as the "One Big Beautiful Bill" shakes the markets 🚨
The new "One Big Beautiful" bill has sent mixed signals to all financial sectors, and cryptocurrencies are no exception. With increased federal spending and the raising of the debt ceiling, traders are closely monitoring macroeconomic pressure.
Many investors fear that this bill could lead to a devaluation of the dollar, prompting capital to flow into alternative stores of value like Bitcoin. $BTC has already fluctuated around key resistance areas and could strengthen as uncertainty rises.
At the same time, some analysts believe that the bill could delay rate cuts, which could temporarily suppress risk appetite in cryptocurrencies.