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๐จ BREAKING: #Bitcoin DROPS Below $28,000 ๐ฅฒ
๐บ๐ธ Investors Panicking as U.S. Debt Ceiling Looms ๐ณ
A thread ๐งต
๐บ๐ธ Investors Panicking as U.S. Debt Ceiling Looms ๐ณ
A thread ๐งต
1/ #Bitcoin dropped below $28,000 as investors anxiously await news on the U.S. debt ceiling deal.
๐ Will it pass or will it crash? Let's dive into the details... ๐
๐ Will it pass or will it crash? Let's dive into the details... ๐
2/ A crucial House vote on the debt limit deal is scheduled for Wednesday, and the fate of #Bitcoin hangs in the balance.
๐ As the market braces for uncertainty, prices have been on a roller coaster ride.
๐ As the market braces for uncertainty, prices have been on a roller coaster ride.
3/ #BTC briefly touched $27,740 today, down from its recent climb above $28,000.
๐ But what's really got investors on edge is the potential fallout from the debt ceiling crisis.
๐ With the U.S. Treasury looking to issue a whopping $1 trillion in debt, will this trigger aโฆ twitter.com/i/web/status/1โฆ
๐ But what's really got investors on edge is the potential fallout from the debt ceiling crisis.
๐ With the U.S. Treasury looking to issue a whopping $1 trillion in debt, will this trigger aโฆ twitter.com/i/web/status/1โฆ
4/ On the surface, more government debt should be good for #crypto, right?
๐ Well, not so fast! Experts warn that increased borrowing could squeeze financing options for crypto companies, putting a damper on the market.
๐ Well, not so fast! Experts warn that increased borrowing could squeeze financing options for crypto companies, putting a damper on the market.
5/ It's not just the debt ceiling drama that's rattling the #crypto-sphere.
๐ Traders are now anticipating a hawkish turn by the Federal Reserve, with a 66% chance of an interest rate hike at the June meeting.
๐ Traders are now anticipating a hawkish turn by the Federal Reserve, with a 66% chance of an interest rate hike at the June meeting.
6/ Despite the looming storm, some analysts believe that Bitcoin could weather the monetary tightening storm.
๐ With evolving narratives like store-of-value, NFTs, and supply/demand dynamics, can #Bitcoin defy the odds once again?
๐ With evolving narratives like store-of-value, NFTs, and supply/demand dynamics, can #Bitcoin defy the odds once again?
7/ Meanwhile, #Ethereum ( $ETH ) is up by 0.6%, #XRP jumps 6%, and Filecoin (FIL) rises by 4%.
๐ Is this a sign of an #Altseason?
๐ Is this a sign of an #Altseason?
8/ In traditional markets, stocks are mixed, with the S&P 500 flat, the Dow Jones Industrial Average sliding 0.1%, and the Nasdaq edging up 0.3%.
๐ But keep an eye on those bond yields, as #crypto prices tend to dance to a different beat.
๐ But keep an eye on those bond yields, as #crypto prices tend to dance to a different beat.
9/ As we gear up for the House vote on the debt ceiling deal on Wednesday, the market is hanging on by a thread.
๐ Will hardline conservatives and progressive Democrats find common ground, or will we witness a showdown that sends shockwaves through the financial world?
๐ Will hardline conservatives and progressive Democrats find common ground, or will we witness a showdown that sends shockwaves through the financial world?
10/ The next few days will be critical for #Bitcoin and the entire digital asset market.
๐ Will we see a rebound or a devastating crash?
๐ Keep your eyes glued to the screens, because history is unfolding before our very eyes!
๐ Hold on tight ๐
๐ Will we see a rebound or a devastating crash?
๐ Keep your eyes glued to the screens, because history is unfolding before our very eyes!
๐ Hold on tight ๐
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