According to The Kobeissi Letter, the US government spent a near record $642 billion in January, which was $142 billion higher than the previous year. Over the last 12 months, government expenditures hit $7.1 trillion, compared to $4.8 trillion in 2019. This substantial increase in fiscal spending may influence cryptocurrency markets by affecting inflation expectations and monetary policy, potentially impacting trading strategies.

According to The Kobeissi Letter, the US government spent a near record $642 billion in January, $142 billion higher than last year. Over the past 12 months, expenditures have reached $7.1 trillion, a significant increase compared to $4.8 trillion in 2019. This heightened spending could impact inflation rates, which traders should monitor closely as it may influence cryptocurrency market dynamics.