Budget Bill Dey Boost Liquidity as Bitcoin Dey Look $90K Pullback
Di U.S. House don approve di $1.7 trillion “Big Beautiful Bill” budget bill, wey e end shutdown risk dem, lock down border spending and extend tax cuts. Pro-crypto Senator Cynthia Lummis see her mining and staking tax amendments reject, so digital-asset taxation no get solution. Economists dey warn say di package fit add $3–4 trillion to di deficit for 10 years, dey put fresh liquidity enter financial markets. Bitcoin prices rally near $110,000 (+0.24%) and di entire crypto market capitalization come up 0.3%. But former BitMEX CEO Arthur Hayes warn say reduced fiscal uncertainty plus lower market volatility fit cause corrective pullback. E predict say Bitcoin fit fall back to around $90,000 as traders shift to risk-off stance. Traders suppose prepare for dis short-term dip before any new upturn. With broader stimulus debates delay, future macro drivers for cryptocurrency demand still dey uncertain. Di budget bill liquidity boost show di impact of fiscal stimulus on risk assets, but crypto-specific policy never resolve yet.
Bearish
Di budget bill we dem pass put plenty money for market, wey make Bitcoin first rally rush reach $110,000. But since say crypto-specific actions no dey and dem comot fiscal wahala, e fit reduce market gbege, make traders start reduce risk. Arthur Hayes talk say e fit pull back go $90,000 show say short-term correction fit happen as investors dey play safe. Even though fiscal stimulus dey support long-term gain for risk assets, for now Bitcoin outlook be bearish till dem clear all stimulus talk and digital asset tax policy.