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

Demand for Tokenized Treasury Bonds Soars as Crypto Investors Chase TradFi Yield

The combined market capitalization of tokenized money market funds is nearing $500 million as high yields in traditional markets attract crypto capital.

• 2023-05-20
• money market funds government bonds U.S. Treasury Franklin Templeton digital asset financial markets