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Trump halts economic stimulus plan, BTC and ETH fall.
Recently, Trump announced that he rejected the $2.4 trillion economic stimulus plan proposed by the Democrats and ordered a halt to related negotiations until after the presidential election.
Trump stated on social media: "We have put forward a generous proposal of up to $1.6 trillion, but the other side seems to have no intention of engaging in real negotiations." He also added that if he wins the election, he will immediately launch a significant stimulus plan focused on hardworking American people and small businesses.
Once this news was announced, it had a significant impact on the global financial market, and the cryptocurrency market was no exception. As of 10:30 AM on October 7, the price of Bitcoin fell by 1.6%, while Ethereum dropped by 4.31%.
This decision will undoubtedly have a significant impact on the recovery process of the American economy and may also become one of the key factors influencing the outcome of the upcoming presidential election. Market participants are closely monitoring developments and assessing their potential impact on various assets.