According to Fox News, the Congressional Budget Office (CBO) reports that the Trump administration's new spending bill proposes tax cuts totaling $3.7 trillion while increasing the federal deficit by $2.4 trillion. Traders should monitor this development closely, as such significant fiscal stimulus could drive increased liquidity in financial markets and potentially lead to higher inflation expectations. This scenario may result in a weaker US dollar, creating upward momentum for cryptocurrency prices, especially Bitcoin and Ethereum, as market participants seek inflation hedges and alternative assets. The CBO's analysis underscores the importance of tracking fiscal policy changes for crypto market volatility and trading strategies. Source: Fox News, June 4, 2025.