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Bitcoin, Ethereum Technical Analysis: BTC Sees Strong Rebound, as Biden Holds Debt Ceiling Talks
18.5.2023
Bitcoin rebounded on Thursday, as markets responded to news that U.S. President Joe Biden held positive talks regarding the debt ceiling. Biden reportedly met with Republican House Speaker Kevin McCarthy, in a bid to find an agreement. Ethereum also rose, moving back above $1,800. Bitcoin Bitcoin...
First Mover Americas: Bitcoin Rebounds Amid Optimism on Debt-Ceiling
18.5.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for May 18, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
146 Top Executives Urge Biden to Prevent US Default — Warns of ‘Disastrous Consequences’
18.5.2023
Top executives from 146 major companies in the U.S. — including Morgan Stanley, Goldman Sachs, Nasdaq, and Pfizer — have urged President Joe Biden and congressional leaders to act swiftly to prevent the U.S. from defaulting on its debt, which could occur as early as June 1. They warned...
What Does the Debt Limit Showdown Mean for Bitcoin?
17.5.2023
A U.S. debt default would be bad for absolutely everything
Blockchain in space
17.5.2023
To help remediate these issues, blockchain can serve as one of the potential technology solutions
New survey says Bitcoin is safer than the US dollar — Watch The Market Report
17.5.2023
On this week’s episode of The Market Report, Cointelegraph’s resident expert discusses if Bitcoin is safer than the U.S. dollar, considering the impending risk of debt default
Bitcoin, Ethereum Technical Analysis: BTC Drops Below $27,000 as US Debt Ceiling Fears Grip Markets
17.5.2023
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...
Bitcoin Slides Below $27K as Investors Eye Debt Ceiling Negotiations
16.5.2023
Treasury Secretary Janet Yellen warned the U.S. could breach its debt limit by June 1, potentially setting off a recession in the event of default
Economist Peter Schiff Warns About a New, Incoming Great Depression Crisis, Criticizes Misleading Inflation Numbers
16.5.2023
Peter Schiff, best-selling author and chief economist of Europac, has warned about the coming of a new great depression period in America. In an interview, Schiff stated that official Consumer Price Index (CPI) numbers were designed to mislead the public and that the country was going to face...
Bitcoin Rebounds Above $27K as Investors Weigh Debt Ceiling Debate, Liquidity Concerns
15.5.2023
Investors have been eyeing particularly low liquidity in crypto trading as market makers turn cautious
Bitcoin a top-3 asset in the event of US debt default: Survey
15.5.2023
Bitcoin would be a more popular safe haven than the U.S. dollar, the Japanese yen or the Swiss franc, according to a new survey
Harvard Economics Professor: US Default Could Spark Global Financial Crisis
15.5.2023
Harvard economics professor Kenneth Rogoff, who previously served as the chief economist at the International Monetary Fund (IMF), has warned that the U.S. defaulting on its debt obligations could spark a global financial crisis. “It’s a very perilous situation and we are in unknown waters,”...
US Government Faces ‘Significant Risk’ of Default in June, Congressional Budget Office Warns
14.5.2023
The Congressional Budget Office (CBO) has stressed that “there is a significant risk that the Treasury will run out of funds at some point in the first two weeks of June” if the debt ceiling is not raised or suspended. The CBO’s projection is in line with the estimate by the Treasury Department...
IMF Warns of ‘Very Serious Repercussions’ if US Defaults on Debt Obligations
13.5.2023
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...
US Treasury Secretary Janet Yellen Urges Congress to Act Quickly on Debt Limit, States Defaulting Would Be ‘Unthinkable’
12.5.2023
U.S. Treasury Secretary Janet Yellen has warned again about the consequences of the U.S. defaulting on its debt. During a press conference in Niigata, Japan, Yellen stated that this would be a self-inflicted crisis, and urged Congress to act quickly on the matter, stating that defaulting would...
SEC Chair Warns US Default Would Have ‘Significant’ and ‘Lasting Effects’ on Investors, Markets
12.5.2023
Securities and Exchange Commission (SEC) Chairman Gary Gensler has warned that the U.S. Treasury defaulting on its debt obligations “would have very significant, hard to predict, and likely lasting effects on investors, issuers, and markets alike.” Gensler stressed: “We’ve already seen an effect...
Goldman Sachs, Yellen Warn of US Default’s ‘Catastrophic Consequences’ — ‘There Is Real Risk to US Dollar’
12.5.2023
A Goldman Sachs executive who also serves as the chair of a Treasury advisory committee has warned that a U.S. default poses “real risk to the U.S. dollar.” She stressed: “Anything that moves us away from being viewed as the world’s reserve currency, of being the safest most liquid...
Donald Trump Urges Republicans to Let US Default on Debt if Democrats Don’t Agree to Spending Cuts
11.5.2023
Former U.S. President Donald Trump has urged Republican lawmakers to let the U.S. default on its debt obligations if the Democrats do not agree on “massive” spending cuts. Trump, who is also running for president in 2024, stressed that letting the U.S. default is “better than what we’re doing right...
Former US Secretary of Labor Robert Reich Urges Bypassing Congress to Raise Debt Ceiling
11.5.2023
Robert Reich, former secretary of labor in the U.S., has called for the government to bypass Congress in order to raise the debt ceiling unilaterally. Reich states that the constitution of the U.S. gives President Biden the faculty of ignoring this debt limit, declaring it unconstitutional...
JPMorgan CEO Jamie Dimon in Favor of Abolishing Debt Limit; States Getting Close to Default Can Cause Panic
11.5.2023
Jamie Dimon, CEO of JPMorgan, stated that he favored abolishing the debt limit, giving the government the faculties to extend its debt without congressional action. Dimon also stated that even the drama surrounding the build-up to extending or not extending the debt limit could cause panic, as...