Big macro news has arrived! Just yesterday (February 3rd), the U.S. House of Representatives passed a government funding package of approximately $1.2 trillion by a narrow margin of 217-214, which Trump quickly signed, officially ending the partial government shutdown that lasted several days!
Key details:
This huge amount of funding restores operations for multiple federal departments (including Labor, Education, etc.), avoiding a longer economic impact from the shutdown.
While it is not a direct 'bank bailout', the large-scale spending and the end of the shutdown equate to injecting a strong dose of support into the economy, quickly alleviating risk-averse sentiment.
With the uncertainty from the Fed being digested, the dollar has slightly adjusted, and signs of a rebound are emerging across the stock market/gold/crypto! Impact on crypto: extremely favorable in the short term! The government is back to normal operations and expectations for fiscal stimulus are rising, favoring risk assets.$BTC Currently stable at 77K+, whales are accumulating, this wave may directly start a rebound mode, charging towards 82K-85K is not a dream~
Will this wave of US stocks + crypto take off?