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The U.S. pauses economic stimulus negotiations, and Bitcoin falls by 1.6%.
Recently, U.S. President Trump announced that he rejected the $2.4 trillion economic stimulus proposal put forward by the Democrats and instructed his delegation to suspend related negotiations until after the presidential election.
Trump posted on social media saying: "We have proposed a quite generous $1.6 trillion plan, but the other side seems to lack the sincerity to engage in real negotiations." He also stated that if he wins the election, he will immediately launch a significant economic stimulus plan focused on supporting hardworking Americans and small businesses.
After this news was announced, global financial markets, including the cryptocurrency sector, showed a downward trend. As of 10:30 AM on October 7, Bitcoin's price fell by 1.6%, while Ethereum dropped by 4.31%.
This event reflects the complexity of the current political environment in the United States and the immediate impact of policy changes on the global financial markets. For cryptocurrency investors, it is particularly important to closely monitor relevant policy trends, as changes in the macroeconomic environment can have a significant effect on the digital asset market.
It is worth noting that although there may be volatility in the short term, the long-term development trend of the cryptocurrency market is still worth paying attention to. With the continuous advancement of blockchain technology and the gradual entry of institutional investors, the resilience and potential of the digital asset market are gradually becoming evident.