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U.S. Debt Ceiling Deal Could Bring Pain to Crypto Market, Some Analysts Say

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As the deadlock in negotiations to raise the U.S. government's debt limit keeps markets tentative, some analysts are warning that a possible deal could weigh on the price of $BTC. Watch Chart of The Day explain the data, presented by cryptocom:

As the deadlock in negotiations to raise the U.S. government's debt limit keeps markets tentative, some analysts have gone against consensus, warning that a possible deal could weigh on the price of bitcoin .

 

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Janet Yellen reaffirms June 1 as hard deadline to raise the debt ceiling | CNN BusinessTreasury Secretary Janet Yellen reaffirmed June 1 as the “hard deadline” for the US to raise the debt ceiling or risk defaulting on its obligations.
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Political and market pressure increases to raise debt ceilingEven as the deadline to act inches closer, political pressure and the political fallout of a default means that lawmakers will likely come to a debt ceiling agreement before the worst happens.
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