PANews reported on June 3 that, according to The Block, K33 analysts warned that the Trump administration’s threat of 50% tariffs on the European Union and the advancement of the “One Big Beautiful Bill” (One Big Beautiful Bill) may exacerbate volatility in the cryptocurrency market. The 90-day tariff moratorium will end on July 9, while the budget bill has until July 4 to pass the Senate. Vetle Lunde, head of research at K33, noted that bitcoin has previously retreated from its all-time highs due to tariff rhetoric, indicating that the market is highly sensitive to such policies. In addition, the budget bill pushed by the Republican Party is expected to increase the national debt by $3.8 trillion over the next decade, including tax cuts for businesses and individuals. If passed, its expansionary fiscal policy could boost market sentiment and offset the pressure to reopen tariffs.
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