BitUnix analyst: The Senate has passed a 3.3 trillion yuan tax reduction bill, causing volatility in cryptocurrency assets. It is recommended to pay attention to the trend of the US dollar in the House vote.

According to BlockBeats, on July 2nd, the US Senate narrowly passed Trump's $3.3 trillion "Big and American 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. Although the bill is seen by the Republican Party as an electoral advantage tool, polls show limited social support and some Republican lawmakers have unstable positions, making it uncertain whether it will be passed in the future. In terms of the market, if the bill is implemented, it may further push up the fiscal deficit and increase the pressure on the Federal Reserve to maintain high interest rates. The short-term US dollar is slightly weak, and cryptocurrency assets are showing a volatile trend. BitUnix analysts suggest: Investors are advised to pay attention to the results of the House vote and the market's response to the pressure on US Treasury supply. If the bill is passed, the trend of the US dollar will dominate short-term risk appetite sentiment. Suggest controlling the position properly and patiently waiting for market direction confirmation.