Bitcoin Price To Stay Below $30,000, Thick Ceiling To Hinder Rally?
The Bitcoin price has experienced a slight uptick in the past 24 hours as bulls defended critical support. The number one cryptocurrency
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US Treasury Set for Debt Issuance Worth $1T Following President Biden’s Signing of Debt Ceiling Bill
Economists predict the US Treasury’s forthcoming debt issuance will hit $1 trillion and may eventually cause economic stiffness. US President Joe Biden’s assent and signing of the bill suspending the federal debt ceiling will trigger new debt issuance. Already, observers expect the Treasury Department to sell $1 trillion worth of debt. On
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Stock Futures Soar as May Job Report and Debt Ceiling Passage Shows Promises
The debt ceiling bill’s approval provided even another reason for the positive rally in stock futures. In an exciting development, US stock futures have continued to soar as traders make meaning of the highly anticipated May jobs report and celebrated the passing of a debt ceiling bill by United States lawmakers. According
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US debt ceiling, declining trust in banks send ETH staking to record highs
The number of staked Ether (ETH) in May reached a new all-time high of 2.96 million ETH, approximately 2.46% of the total supply. The amount of ETH staked in May does not include withdrawals and is more than twice as big as the second-highest amount registered in February 2022.Monthly amount
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Europe Stocks Climb Higher after US Congress Approve Bill to Increase Debt Ceiling
Stocks in Europe and Asia have risen in response to the debt ceiling increase approved by lawmakers in the US. Stocks in Europe opened higher today after the US Senate approved a bill to suspend the government’s debt ceiling. Following a 63-36 vote, US lawmakers agreed to raise the debt ceiling to prevent
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Senate Approves Bill to Suspend $31 Trillion US Debt Ceiling Until January 2025
The Senate has sent an approved bill to President Biden, allowing the government to borrow without a debt ceiling for nearly 2 years. The Senate has officially passed a bill that raises the US debt ceiling only a few days before an official debt default. Members of the Senate approved the
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Blackrock CEO Says US ‘Debt Ceiling Drama’ Is Bad for Dollar, Bitcoin May Benefit
Laurence Fink described the debt ceiling deliberations as bad for the dollar as the Blackrock CEO predicts further interest rate hikes. The CEO of investment management company Blackrock is not excited about the ongoing attempt to raise the US debt ceiling. CEO Laurence Fink recently spoke about the “drama” surrounding
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Blackrock CEO issues dire warning over ‘debt ceiling drama’ — Bullish for Bitcoin?
Blackrock CEO Laurence Fink believes the recent "drama" around the United States debt ceiling has deteriorated global trust in the U.S. dollar, something that other analysts predict could provide some tailwinds for Bitcoin (BTC).Fink’s comments come as U.S. lawmakers passed a highly-anticipated bill to lift the $31.4 trillion debt ceiling on
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USDC Issuer Circle Has Ditched All U.S. Treasuries From Stablecoin Reserve Fund Amid Debt Ceiling Showdown
This is a significant change since the end of April, when the fund held more than $30 billion in U.S. Treasury bonds, according to Circle’s monthly attestation. The last Treasury bond worth $4 billion among the fund’s holdings matured on Tuesday, the fund’s website showed. Source
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Bitcoin BTC Price Edges Below $28K as Investors Eye US Debt Ceiling Progress
“So far, bitcoin has moved in lockstep with liquidity,” Dessislava Ianeva, research analyst at crypto data firm Kaiko, told CryptoX. Ianeva noted that quantitative tightening (QT), which usually happens when the central bank looks to reduce its balance sheet, "was partially offset by the Treasury spending its cash at the
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