First Mover Asia: Traders Long on Bitcoin Despite Debt Ceiling Challenges, Dark U.S. Regulatory Clouds
PLUS: Meme coins don't respect the intellectual property rights of others. And that's a problem. Original Source
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Debt
Bitcoin Price (BTC) Drops Below $27K as Investors Continue to Weigh Debt Ceiling Talks, Regulatory Actions
The largest cryptocurrency by market capitalization was recently trading at around $26,700, down 2.1% over the last 24 hours, according to CoinDesk data. BTC had challenged $27,500 Thursday morning, but a quick pullback early in the afternoon took the price down to nearly $26,400. Original Source
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Bitcoin, gold and the debt ceiling — Does something have to give?
Bitcoin (BTC) has been trying to break above the $27,500 resistance for the past week, but to no avail. One of the reasons limiting Bitcoin’s upside is the risk of an eventual U.S. default as the government struggles to get the debt limit increase approved in Congress. Still, some analysts and
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What Does the Debt Limit Showdown Mean for Bitcoin?
A default is, again, a remote possibility. But its potential impact is so huge, even that slim chance is already being reflected in markets. The yield on 10-year and 30-year U.S. Treasury bonds is already inching up, reflecting increased risk of holding them. The Dow Jones Industrial Average and bitcoin
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Bitcoin, Ethereum Technical Analysis: BTC Drops Below $27,000 as US Debt Ceiling Fears Grip Markets
Bitcoin fell below the $27,000 level on May 17, as market uncertainty remained high amidst the debt ceiling crisis in the United States. Congress continues to negotiate terms of a potential increase to the limit, before the U.S. government runs out of cash on June 1. Ethereum also dropped, breaking
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Bitcoin Price (BTC) Slides Below $27K as Investors Eye Debt Ceiling Negotiations
“The current macroeconomic situation is, in our view, conducive for increased crypto adoption,” Joe DiPasquale, CEO of crypto fund manager BitBull Capital, told CryptoX in an email. “The debt ceiling getting raised also bodes well for risk assets as market participants seek to secure wealth,” he added. Source
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Consumer Debt in United States Spikes to New ATH $17.05T in Q1 2023
The announcement of high United States consumer debt comes as the debate for the national debt ceiling raises concerns over high inflation. The New York Federal Reserve reported on Monday that the total consumer debt hit a new ATH of slightly above $17 trillion during the first quarter of 2023. According
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Bitcoin (BTC) Price Rebounds Above $27K as Investors Weigh Debt Ceiling Debate, Liquidity Concerns
Ether (ETH), the second-largest cryptocurrency by market capitalization, rose more than 1% to hover around $1,830 Monday afternoon. Among other digital assets, LDO, the governance token for the liquid staking platform Lido, surged 11% to trade at $2.15, while indexing protocol The Graph's GRT token jumped more than 12% to
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Bitcoin a top-3 asset in the event of US debt default: Survey
Major cryptocurrency Bitcoin (BTC) could become a top-three asset in the event of a theoretical debt default in the United States, according to a new survey.As U.S. President Joe Biden prepares to meet with Congress on May 16 to discuss the U.S. debt ceiling, investors are seeking hedges to protect
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IMF Warns of ‘Very Serious Repercussions’ if US Defaults on Debt Obligations – Economics Bitcoin News
The International Monetary Fund (IMF) has warned of “very serious repercussions” to both the U.S. and the global economy if the U.S. defaults on its debt obligations, which could be as soon as June 1. “We are calling on all of the parties to come together, reach consensus, and resolve
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