According to The Block, K33 analysts have warned that the threat of the Trump administration imposing a 50% tariff on the European Union and the push for the "One Big Beautiful Bill" could exacerbate volatility in the cryptocurrency market. The 90 day tariff suspension period will end on July 9th, and the budget bill needs to be reviewed by the Senate before July 4th. Vetle Lunde, head of research at K33, pointed out that Bitcoin's previous decline from a historical high due to tariff rhetoric indicates the market's high sensitivity to such policies. In addition, the budget bill pushed by the Republican Party is expected to increase the treasury bond by $3.8 trillion in the next decade, mainly including tax cuts for enterprises and individuals. If passed, its expansionary fiscal policy may boost market sentiment and offset the pressure of tariff restart.
