Bitcoin Rally Kickstarts Iwwer Debt Ceiling Deal Bestätegung Neiegkeeten

Crypto Maart Neiegkeeten: The Bitcoin price exceeded $27,000 after news broke of President Joe Biden and top Republican Kevin McCarthy reaching the debt ceiling deal in-principle. President Biden confirmed the deal in his Twitter post, saying it was “an important step forward that reduces spending.” The President acknowledged that without the deal, the US economy would have seen a catastrophic default and hence an economic recession, impact on retirement accounts and loss of millions of jobs. It may be recalled that Biden had earlier said he would not agree on a deal that would benefit crypto market traders.

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Earlier, McCarthy announced the deal agreement saying the president wasted several months of time and refused to negotiate on the debt ceiling. The deal announcement just a few days before the June 1, 2023 deadline, after which there could have been turmoil in the financial markets.

“I just got off the phone with the president a bit ago. After he wasted time and refused to negotiate for months, we’ve come to an agreement in principle that is worthy of the American people.”

Debt Ceiling Deal Reached

Biden bestätegt gouf the news saying “Speaker McCarthy and I reached a budget agreement in principle.” However, further negotiations are yet to be done to finalize the legislative text, before the agreement will go to the United States House and Senate.

Meanwhile, the crypto market turned green in its initial reaction to the deal agreement. Hence, a Bitcoin rally may be likely in response to what could be a relief rally in the US stock markets.

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Anvesh bericht grouss Entwécklungen ronderëm d'Krypto Adoptioun an Handelsméiglechkeeten. Nodeems hien zënter 2016 mat der Industrie verbonne war, ass hien elo e staarken Affekot vun dezentraliséierten Technologien. Anvesh ass de Moment an Indien baséiert. Erreechen him um [Email geschützt].

Dee presentéierten Inhalt kann d'perséinlech Meenung vum Autor enthalen an ass ënner Zoustand vum Maart. Maacht Är Maartfuerschung ier Dir a Kryptowärungen investéiert. Den Autor oder d'Publikatioun huet keng Verantwortung fir Äre perséinleche finanzielle Verloscht.

Source: https://coingape.com/bitcoin-debt-ceiling-deal-news/