Dynamics of the U.S. debt ceiling and its impact on the cryptocurrency market
The U.S. national debt is one of the most discussed economic topics, affecting not only traditional markets but also cryptocurrencies. The chart shows how the U.S. debt limit has increased over decades, accompanied by key economic and political events.
"Whoa, guys, a little hurricane just passed through the American stock market today... Well, not so little — $1.5 trillion evaporated. It's like if Bill Gates, Elon Musk, and Jeff Bezos got together, pooled their money, and then burned it all.
But wait, that's not all! Crypto also decided it was bored in the market and went for its favorite dance: 'up and down'. Bitcoin swung, altcoins are nervously smoking on the sidelines, and those who are in longs are already writing to the exchange support with the question: 'Is this definitely not a mistake?'
The market says: 'We will play hard'. And how about you, are you ready for such American roller coasters or are you already looking for new crab memes?