Bitcoin Faces Fresh Challenges After Debt Deal Moves Forward, Citigroup Warns

(Bloomberg) -- Just when markets appear to be moving past the months-long drama around the US debt ceiling, holders of risky assets such as cryptocurrencies are likely facing a fresh challenge while the Treasury looks to rebuild its depleted cash balance with an estimated $1 trillion Treasury-bill deluge.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersRich Latin Americans Transform Laid-Back Madri

• 2023-06-03
• debt ceiling Bloomberg Treasury Treasury General Account Bitcoin strategists

What’s next for crypto miners after US debt ceiling deal?

Top blockchain and crypto news: Miners dodge tax bullet. Blur, Binance heat up NFT lending. Chinese cities' plans reveal nationwide Web3 ambition.

• 2023-06-01
• debt ceiling China miners China President Joe Biden Hong Kong crypto

Bitcoin Falls Below $27,000. These Are The Key Levels to Watch Now.

Bitcoin and other cryptocurrencies were largely down early on Thursday, with concerns around falling liquidity in focus following the likely passage of legislation to lift the U.S. debt ceiling. Bitcoin was down 1.2% at $26,856. The House of Representatives approved a deal to suspend the U.S. federal government’s $31.4 trillion debt ceiling late on Wednesday and it now heads for Senate approval.

• 2023-06-01
• debt ceiling Bitcoin

Bitcoin Falls Toward $27,000 Ahead of Debt-Ceiling Vote

Bitcoin and other cryptocurrencies were falling early Wednesday, as markets soured on risk assets ahead of the House vote on the U.S. debt-ceiling. The largest cryptocurrency briefly rose above $28,000 on Tuesday before falling sharply back. The bill to raise the U.S. debt ceiling faces a House vote on Wednesday.

• 2023-05-31
• debt ceiling cryptocurrency Bitcoin government bonds

Bitcoin Edges Below $28K as Investors Eye US Debt Ceiling Progress

Investors awaited a House vote on the debt ceiling deal, scheduled for Wednesday.

• 2023-05-31
• debt ceiling CoinDesk market capitalization President Joe Biden cryptocurrency U.S. Treasury

U.S. congressman says crypto mining tax scrapped in debt ceiling deal

A proposed tax on electricity used by cryptocurrency miners in the U.S. has been scrapped in the deal to raise the country’s debt ceiling, according to Republican congressman Warren Davidson.

• 2023-05-30
• debt ceiling Joe Biden Bitcoin mining cryptocurrency miners U.S. Treasury Department Warren Davidson excise tax proposed tax crypto miners Biden administration

U.S. Debt Ceiling Deal Blocks Bitcoin Mining Tax

Legislation aimed at addressing the U.S. debt ceiling and preventing a potential default on debts would likely eliminate a proposed tax on the energy consumption of cryptocurrency miners

• 2023-05-30
• Debt Ceiling President Joe Biden debt default Bitcoin Mining Representative Davidson

Bitcoin Touches $28,000 as U.S. Debt Ceiling Deal Heads to Congress

Stock market indices rose to new yearly highs, while cryptocurrencies saw positive gains as risk-on sentiments returned.

• 2023-05-29
• debt ceiling Bitcoin the federal government government programs President Joe Biden Democrats and Republicans Ethereum

Bitcoin back above US$28,000 as cryptos rebound on US debt ceiling talks

Bitcoin moved back above US$28,000 on Monday morning in Asia, leading a rally among all top 10 non-stablecoin tokens. Ether reclaimed the US$1,900 level.

• 2023-05-29
• debt ceiling Kevin Mccarthy President Joe Biden debt default

Weekly Market Wrap: Bitcoin weighed down by debt ceiling uncertainty

Bitcoin traded above US$26,000 as the uncertainty around the U.S. debt ceiling negotiations caused global concerns over a potential governmental default. Crypto markets will stay muted until a deal is reached, Industry experts told Forkast.

• 2023-05-26
• debt ceiling market capitalization Bitcoin price Lucas Kiely Fitch Ratings Bitcoin