Bitcoin Climbs Past $27.4K but Remains in Holding Pattern as Investors Continue U.S. Debt Limit Vigil

Ether and most other major altcoins rise slightly, even as stocks drop amid worries about whether U.S. lawmakers will reach an agreement before June 1.

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Bitcoin price risk? US debt deal to trigger $1T liquidity crunch, analyst warns

Bitcoin price could drop to $20,000 in Q3 amid mounting worries about a potential cash liquidity crisis led by the U.S. Treasury Department.

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Circle rebalances treasury holdings amid US debt default concerns

Concerns about a possible U.S. government default have prompted Circle, a prominent stablecoin producer, to adjust its treasury holdings.

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Zipmex requests 2-month extension from Singapore court for restructuring plan

A ruling from Singapore’s High Court originally allowed Zipmex a moratorium until December 2022 to handle debt relief amid reported liquidity issues.

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MakerDAO’s MKR price forms rare pattern amid a debt ceiling rise

Maker (MKR/USD) price formed a double-top pattern as a vote on capital deployment continued. The MKR token retreated to a low of $855. 36, the lowest point since March 3 of this year. It has plunged by about 12.

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Bitcoin Mining Firm Digihost Remains Debt Free Amid Bearish Market

Many Crypto and Bitcoin mining firms have recorded huge losses in 2022 due to the ongoing bear market and extreme economic conditions. As a result, some have packed up, while others declared bankruptcy amid the crypto winter.

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El Salvador Launches 2 Debt Repurchase Offers Amid Uncertainty Over Its Bitcoin Bond

The offers have been viewed as an attempt to counter speculation about a potential default by the country.

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Nearly $55M worth of Bored Ape, CryptoPunks NFTs risk liquidation amid debt crisis

Analysts are divided on whether the potential NFT liquidation event is a buy-the-dip opportunity.

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El Salvador seeks to buy back $1.6B of debt to quell default fears

Amid falling Bitcoin (BTC) prices and rising fears of El Salvador defaulting on its debt, the Central American country is attempting to buy back $1. 6 billion of its sovereign bonds. The post El Salvador seeks to buy back $1.

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Senator Cynthia Lummis On US Debt Limit Raise: "Thank God For Bitcoin"

The Wyoming Senator delivered a speech saying we're lucky to have Bitcoin amid governmental irresponsibilities.

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Rising Debt Levels

Government and private sector debt has risen sharply amid elevated fiscal spending and slow economic growth during the pandemic.

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Amid Rising Debt, Former Primer Minister of Canada Calls for Bitcoin Reserves

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China’s Growth Recovers Amid Signs of Caution

The health of the world's second largest economy is improving, lifted by a booming industrial sector. But debt levels are rising and exports are weakening.

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Implications of US Borrowing $3 Trillion in H1 2020

The US borrowed $3 trillion during the first half of 2020 amid the pandemic. We look at where the money was spent and who bought the debt securities.

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Euro Rallies Amid Europe's Pandemic Response

The euro has gained on the dollar as the 27 members of the European Union agreed for the first time to collectively bear the credit risk of a debt issuance.

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Goldman Sachs Says Dollar in Danger as Investors Flee to Safe Havens

The growing debt crisis in the U. S. amid the Covid-19 crisis could damage the dollar’s global reserve status. Analysts at Goldman Sachs expressed concern that the burgeoning liquidity and mounting debt could have dramatic ramifications for the world’s largest economy.

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US Government Debt Growing By The Trillion a Month

The government has added to its debt more in weeks than it used to in years at an accelerating rate amid a collapse in GDP. About $1 trillion has been... The post US Government Debt Growing By The Trillion a Month appeared first on Trustnodes.

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Treasury Yields Fall Again as U.S. Economy Teeters on the Brink of Contraction

U. S. Treasury yields approach multi-week lows. Atlanta Fed issues sharp downward revision to Q4 GDP forecast. The U. S. economy is in the midst of a yearlong slowdown that could complicate President Trump’s re-election bid.

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Treasury Yields Pull Back from Highs as U.S.-Sino Relations Show Signs of Imploding

U. S. government debt yields edged up slightly on Friday but were well off daily highs amid reports that the Trump administration is looking for ways to limit investment flows into Chinese equity markets.

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U.S. Treasury Yields Pare Losses amid Signs of Infighting at the Fed

U. S. government debt yields pared losses Thursday afternoon, as questions concerning monetary policy continued to swirl following the Federal Reserve’s September meetings. Treasury Yields Rise The price of U.

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Dow’s Shocking Comeback Falls Short, Exposing Wall Street’s Dangerous Hubris

By CCN: The Dow and broader U. S. stock market finished lower on Friday, as investors weighed a myriad of macro risks against an apparent surge in consumer confidence. Those betting on a consumer-driven recovery may be in for a rude awakening amid record debt levels and the ongoing U.

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US Trade Deficit Widens Despite Tariffs. Don’t Blame Trump, Blame Yourselves

According to newly released data, which was delayed by the government shutdown, it will be concluded that Donald Trump has so far failed to reduce the trade deficit he promised to cut. All this amid a ballooning debt after tax cuts.

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