A bill to suspend the US debt ceiling has received support from the House of Representatives. Thanks to this decision, the country will avoid a possible default, which could occur by June 5. 314 members of the House voted for the bill, while 117 opposed it. President Joe Biden called on the Senate to hold a similar vote as soon as possible. A decision is expected to be made by the end of this week. According to the project, restrictions on public debt will be lifted until 2025.
The US debt ceiling bill passed the House of Representatives with broad bipartisan support, with a majority of Democrats and Republicans voting in favor of it. 314 House members supported suspending limits on the national debt until 2025, according to Reuters. The Senate must make a decision by the end of this week so that the US president can sign the law on June 5, the day of a possible default.
117 House members opposed sending the bill to the Senate. This compromise document, reached between Biden and House Speaker, Republican Kevin McCarthy, drew opposition from 71 Republicans. However, 165 Democrats and 149 Republicans supported the bill. Republicans currently control the House with 222 votes to Democrats' 213.
This information about the suspension of the US government debt ceiling could have a significant impact on the price movement #Bitcoin. Initially, the passage of the bill and the prevention of a possible default could cause a positive reaction in the market and support growth #биткоина.
Suspending the debt ceiling means the US can continue to borrow money from markets and keep the economy stable. This could bolster investor confidence and encourage capital flows into the cryptocurrency. Growing interest in assets such as Bitcoin could push its price higher.
It is worth taking into account the technical picture on the daily chart, until the body of the candle closes behind the correction resistance level (red) There will be no growth. At the moment, the market has not yet made a decision in which direction to move, since the price is at the support level of the uptrend.
