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U.S. economic stimulus negotiations interrupted, Crypto Assets market under short-term pressure.
Recently, Trump announced that he rejected the $2.4 trillion economic stimulus plan proposed by the Democrats and ordered a suspension of related negotiations until after the presidential election.
Trump stated on social media: "We have put forward a generous proposal of $1.6 trillion, but the other side seems to lack the sincerity to engage in substantive negotiations." He also emphasized that if he wins the election, he will quickly launch an important stimulus plan focused on supporting hardworking Americans and small businesses.
After this news broke, the global financial markets immediately experienced a decline, and the cryptocurrency sector was no exception. As of 10:30 AM on October 7, the price of Bitcoin fell by 1.6%, while Ethereum's decline reached 4.31%.
Analysts point out that the interruption of the negotiations may have a certain impact on the recovery process of the U.S. economy. At the same time, the market's disappointment regarding the economic stimulus plan has also led to short-term fluctuations in multiple asset classes, including cryptocurrencies.
However, some experts believe that this impact may be temporary. They expect that regardless of the election results, a new round of economic stimulus measures will eventually be introduced, but the timing and scale may vary.
For cryptocurrency investors, this incident once again highlights the market's sensitivity to changes in macroeconomic policies. Experts advise investors to closely monitor political and economic trends while maintaining a long-term investment perspective and not to be swayed by short-term fluctuations.