Crypto Market Forecast: Week of May 29th 2023

A curated weekly summary of forward-focused crypto news that matters. This week, Bitcoin rises as US political leaders reach a tentative agreement to raise the debt ceiling, The de-dollarization movement continues to gain steam in Asia, and, fundamentals for Bitcoin continue to suggest high activity and strong hands.

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Bitcoin Climbs Over $27k as Biden, McCarthy Reach Debt Ceiling Deal in Principle

Following news of the U.S. debt ceiling agreement, Bitcoin rose above $27,000 as the broader crypto market made a recovery. The post Bitcoin Climbs Over $27k as Biden, McCarthy Reach Debt Ceiling Deal in Principle appeared first on BeInCrypto.

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Bitcoin (BTC) ignites new surges as U.S. debt ceiling reach tentative deal

Cryptocurrency prices kick-started upside moves on Sunday amidst notable market developments. Bitcoin (BTC) soared past the $27K region following the debt ceiling agreement news from President Joe Biden and Speaker Kevin McCarthy.

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Analyzing the history of US debt and potential effects of a default on the crypto market

The post Analyzing the history of US debt and potential effects of a default on the crypto market appeared first on CryptoSlate.

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Debt ceiling crisis: Best practices to navigate this market

Join us as we discuss the current U.S. debt ceiling crisis and what it means for Bitcoin and the crypto market.

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U.S. Treasury yields soar and Bitcoin stumbles amid debt ceiling, rate hike concerns

U. S. Treasury yields experienced a notable rise this week, causing increased apprehension in the market. Notable upswings occurred on Wednesday and Thursday when concerns over the debt ceiling and speculation over interest rate hikes pushed yields to record highs.

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Bitcoin Options Market Signals Weakness over 6 Months Amid Debt Ceiling Drama

The renewed bias for bitcoin puts is consistent with the increased demand for downside protection seen in the options market tied to S&P 500.

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Crypto market today: prices continue to dip amid U.S. debt ceiling standoff

Cryptocurrency prices continued to bleed on Thursday amid macro uncertainties. Bitcoin (BTC) price dropped towards the $26K vicinity today. That comes as market participants panic because of the administration bias in debt ceiling debates.

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Bitcoin’s Doldrums Below $26.5K Endure as Investors Weigh Debt Ceiling Stalemate, Latest FOMC Minutes

The largest cryptocurrency by market capitalization sank below $26.2K early Wednesday after disappointing U.K. inflation data.

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Upcoming U.S. economic events crucial for the crypto market’s trajectory this week

The financial world awaits another trend of economic events as conversations about debt default by 1 June dominate the monetary sector. Meanwhile, these events will likely influence sentiments within the cryptocurrency market.

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Crypto market stalls as investors weigh debt ceiling talks: Should you buy Metacade now?

Key takeaways The cryptocurrency market has stalled its movement over the past few days as investors consider their positions. Investors are keenly observing the ongoing debt talks, with the United States’ debt now above $31 trillion.

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Here's Why Crypto Market Is in Red

Markets are bracing themselves for run of U.S. dollar as debt ceiling rise is very likely

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Crypto market outlook: Bulls flex muscles as Bitcoin (BTC) climbs above $27K

Crypto bulls ride bullish waves today (Thursday), painting charts green. That follows enhanced sentiment on the United States debt ceiling negotiations progress. Cryptocurrency prices have soared on a daily scale.

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New survey says Bitcoin is safer than the US dollar — Watch The Market Report

On this week’s episode of The Market Report, Cointelegraph’s resident expert discusses if Bitcoin is safer than the U.S. dollar, considering the impending risk of debt default.

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Debt ceiling concerns may impact cryptocurrency market as treasury balance plunges

Quick Take Concerns continue to build around the debt ceiling negotiations. President Biden is insisting on an unconditional debt-ceiling increase. This week, a meeting will occur between President Biden and congressional leaders around the concerns of the Treasury balance remaining depleted.

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Bitcoin Rebounds Above $27K as Investors Weigh Debt Ceiling Debate, Liquidity Concerns

Investors have been eyeing particularly low liquidity in crypto trading as market makers turn cautious.

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How would a US debt default impact Bitcoin?

Cointelegraph analyst and writer Marcel Pechman explains how a U.S. debt default could impact Bitcoin and the larger cryptocurrency market.

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Evaluating how Bitcoin will be affected if the U.S. defaults on debt

This market analysis explains why Bitcoin might have a hard time securing liquidity. Whales and institutions demonstrated outflows as the market showed a bleak outlook. It was observed that The post Evaluating how Bitcoin will be affected if the U.

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Bitcoin’s price volatility continues amidst U.S. debt ceiling uncertainty

Uncover the surprising connection between the Treasury General Account (TGA) at the Federal Reserve and the cryptocurrency market in this exclusive Alpha content. As the TGA's sustainability comes into question, investors are signaling concern through the spread between the 1-month and 3-month treasury bills.

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Marathon Digital Mines 2,195 Bitcoins In The First Quarter Of The Year Despite Unsavory Market Conditions

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Crypto Investors' $28M ‘Black Thursday’ Lawsuit Against DeFi Giant Maker Dismissed by US Judge

The class action lawsuit filed in 2020 alleged that Maker-related entities knowingly misrepresented risks of holding collateral debt positions and caused heavy losses for some users during the March 2020 market crash.

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US Debt Default Looms: What Will It Mean for Cryptocurrency?

This article explores the potential impact of a US debt default on the cryptocurrency market and the traditional financial markets. The post US Debt Default Looms: What Will It Mean for Cryptocurrency? appeared first on BeInCrypto.

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Synthetix V3 development: All about the debt pool, legacy market, and more

Synthetix is set to roll out its V3 feature soon. SNX faced a resistance wall as the bears attempted an assault. The crypto market has demonstrated a healthy recovery since January 2023, andThe post Synthetix V3 development: All about the debt pool, legacy market, and more appeared first on AMBCrypto.

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Bitcoin Price Can Soar Above $25,000 Due To Debt Ceiling Debacle – Here’s How

While yesterday’s Biden-McCarthy meeting did not result in an agreement on the debt ceiling in the U. S. , this could have direct implications for the entire financial market and Bitcoin. And the implications for the Federal Reserve’s efforts to fight inflation are nothing short of massive.

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US gov’t $1.5T debt interest will be equal 3X Bitcoin market cap in 2023

The U.S. will pay over $1 trillion in debt interest next year, the equivalent of three or more Bitcoin market caps at current prices.

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Bitcoin Miners Have Liabilities of Over $4B, Core Scientific Owes Highest Debt

Available data shows that public Bitcoin miners collectively owe over $4 billion as the current bear market situation bites them hard. The post Bitcoin Miners Have Liabilities of Over $4B, Core Scientific Owes Highest Debt appeared first on BeInCrypto.

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Public Bitcoin mining companies plagued with $4B of collective debt

The Bitcoin mining community took up massive loans during the 2021 bull market, negatively impacting their bottom lines during a subsequent bear market.

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Breaking: Core Scientific files for bankruptcy while generating positive cash flow

One of the largest Bitcoin miners, Core Scientific, files for Chapter 11 bankruptcy protection, citing overloaded debt and bad market conditions.

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Crypto Market Forecast: Week of December 12th 2022

A curated weekly summary of forward-focused crypto news that matters. This week, Sam Bankman-Fried is set to face tough questioning from both the US Senate and Congress, the market awaits an announcement on interest rates, and FTX stakeholders contemplate a new debt token.

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Data shows the Bitcoin mining bear market has a ways to go

The 2022 bear market is impacting BTC miners in more extreme ways than previous downturns, especially with so many publicly listed miners struggling with their debt obligations.

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Bitcoin Miner Bitfarms Pays Down $27M of Debt

The miner is trying to improve its liquidity during the crypto bear market.

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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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Crypto Market Maker Wintermute Pays Off $96M TrueFi Debt Weeks After Being Hacked

The TrueFi loan was one of the firm's largest outstanding known debts owed to a DeFi lending platform.

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Bond Market Meltdown: Where Are The Buyers For Government Debt?

Central banks are trying to keep yields from exploding higher while they hike rates to fight inflation. Who will step in to buy bonds in current conditions?

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Hacked Crypto Market Maker Wintermute Has $200M in Outstanding DeFi Debt

Cryptocurrency market maker Wintermute has $200 million in outstanding DeFi debt to several counterparties, according to data provided by Nansen.

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Is Bitcoin The Answer To A Failing Treasury Market?

The state of the Treasury market isn’t looking great. With Japan, Russia and China dumping U.S. bonds, the question remains: Who will buy our debt?

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El Salvador Introduces 2 Sovereign Debt Repurchase Bills in Effort to Allay Default Concerns

President Nayib Bukele announced that the Central American country seeks to buy back bonds maturing in 2023 and 2025 at market prices.

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Brewing Emerging Market Debt Crises

The U.S. dollar has risen to 20-year highs while the Japanese yen and the euro are acting like emerging market currencies. Are these crisis warning signs?

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Celsius Replaces Its Lawyers And Repays $20 Million Debt To Aave

Though caught up in the web of the prevailing crypto bear market, Celsius adversely impacted the situation. The crypto lending platform has been struggling to break loose from the effect of insolvency.

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Does Celsius's repayment schedule keep CEL's recovery on track

Celsius Network's halt on withdrawals plunged the cryptocurrency market into a bearish abyss last month. It is in the news today after it paid back its remaining debt to DeFi Protocol MakerDAO. The paThe post Does Celsius's repayment schedule keep CEL's recovery on track appeared first on AMBCrypto.

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Mining giant is forced to sell-out 79% of BTC to pay debt

One of the top crypto mining companies, Core Scientific, sold 79% of its Bitcoin holdings in June to survive the bear market. The post Mining giant is forced to sell-out 79% of BTC to pay debt appeared first on CryptoSlate.

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TeraWulf Adds $50M in Debt to Build Data Center Infrastructure

The miner wants to seize opportunities during the market slump.

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Crypto Miners Face Margin Calls, Defaults as Debt Comes Due in Bear Market

With revenues drying up, crypto miners are struggling to meet loan obligations, which total up to $4 billion for the industry.

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Cryptocurrency Firm Babel Finance Strikes Debt Agreement With Counterparties

The cryptocurrency lending platform Babel Finance finally reached a debt agreement with counterparties. Before now, the firm had experienced some difficulties in its operations due to the present market downturn.

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Solend pays users to vote on proposal to liquidate whale wallet OTC and avoid “bad debt”

Solend, a Solana-based lending platform with over $1 billion in deposits, has voted on a governance proposal to take over a whale’s account so that funds can be withdrawn instead of automatically liquidated on the open market.

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Hedge fund report says Bitcoin price is ‘at a relatively inexpensive place’

A recent report from Pantera Capital said moves in the debt market and the Fed’s shifting monetary policy could be the fodder that fuels Bitcoin’s next monster rally.

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All the world’s Bitcoin can only pay 2.43% of $30T US national debt

The latest grim milestone for the U.S. economy means that its national debt total is now 4,000% larger than the Bitcoin market cap.

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ADALend: Protocol Efficiency ON CARDANO In Handling Interest Rates

In order to diversify their portfolios, crypto traders turn to fixed-income instruments like bonds and stocks. A substantial economic force to be reckoned with, the cryptocurrency market is a legitimate source of debt securities that are no less reputable than their equivalents.

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El Salvador to Buy $500 Million Bitcoin, Taps Crypto Market For Government Bonds, Plans Bitcoin City

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