Bitunix Analyst: The Senate has passed a $3.3 trillion tax cut bill, causing fluctuations in encryption assets. It is recommended to follow the House vote and the trend of the dollar.

BlockBeats news, on July 2, the U.S. Senate narrowly passed Trump’s proposed $3.3 trillion "Big and Beautiful Act" by a vote of 51 to 50. This act includes a comprehensive tax reduction and spending plan, and it is expected to be voted on in the House of Representatives this week. Although the act is seen by the Republican Party as a tool for electoral advantage, polls indicate limited social support, and some Republican lawmakers have unstable positions, making its future passage uncertain. In terms of the market, if the act is implemented, it may further increase the fiscal deficit and add pressure on the Federal Reserve to maintain high Intrerest Rates. The dollar appears slightly weak in the short-term, and encryption assets are showing a volatile trend. Bitunix analysts recommend: investors should follow the results of the House vote and the market's reaction to the supply pressure on U.S. Treasuries. If the act passes, the dollar's trend will dominate short-term risk appetite sentiment. It is advised to properly control Position and patiently wait for market direction confirmation.