Bitunix Analyst: Senate Passes $3.3 Trillion Tax Cut Bill, Cryptocurrency Volatile, Suggests Monitoring House Vote USD Trends.

BlockBeats News, July 2nd: The U.S. Senate passed Trump's $3.3 trillion "Big and Beautiful Act" by a slim margin of 51 to 50. The bill includes a comprehensive tax cut and spending plan and is expected to be voted on in the House of Representatives later this week. While the bill is seen by the Republicans as an election advantage tool, public opinion polls show limited social support, and some Republican lawmakers have unstable positions, leaving the outcome uncertain.

On the market front, if the bill is passed, it may further increase the fiscal deficit and amplify the pressure on the Federal Reserve to maintain high interest rates. In the short term, the US dollar appears slightly weak, and crypto assets are showing a volatile trend.

Bitunix Analyst Recommendation:
We recommend that investors pay attention to the House vote result and the market's reaction to the pressure on U.S. bond supply. If the bill is passed, the US dollar's trend will dominate short-term risk sentiment. We advise prudently managing positions and patiently waiting for the market direction to be confirmed.