Trump halts economic stimulus negotiations, Bitcoin falls by 1.6%.

Recently, President Trump of the United States announced that he rejected the $2.4 trillion economic stimulus proposal put forward by the Democrats and instructed his negotiating representatives to suspend related discussions until after the presidential election.

Trump stated on social media: "We have proposed a generous plan of up to $1.6 trillion, but the other side seems to lack the sincerity for substantial negotiations." He also mentioned that if he wins the upcoming election, he will quickly introduce a significant economic stimulus plan, focusing on supporting hardworking American citizens and small businesses.

After this news broke, global financial markets, including the cryptocurrency sector, experienced varying degrees of decline. As of October 7 at 10:30 AM, the price of Bitcoin fell by 1.6%, while Ethereum dropped by 4.31%.

Analysts believe that Trump's move may be driven by electoral strategy considerations, attempting to use the economic stimulus plan as a bargaining chip for voter support. However, this approach may also raise concerns in the market about the prospects for the recovery of the U.S. economy, leading to fluctuations in the prices of various assets in the short term.

For cryptocurrency investors, this event once again highlights the importance of closely monitoring changes in macroeconomic policies. Although digital assets like Bitcoin are often seen as tools for hedging against inflation, their prices may still be affected by fluctuations in traditional financial markets amid increasing global economic uncertainty.

In the foreseeable future, the results of the U.S. elections and the subsequent direction of economic policies will continue to be one of the key factors influencing global financial markets, including the cryptocurrency market. Investors need to remain vigilant and adjust their investment strategies in a timely manner to cope with potential market fluctuations.