• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Market Cap
  • Shop
What's Hot

What is Proof-of-Authority (POA) Consensus in Blockchain?

2025-05-10

What Is Proof-of-Stake (PoS)? Guide to Blockchain Consensus for Beginners

2025-05-09

ZachXBT reveals Coinbase users lost another $45M in a week to ongoing social engineering scams

2025-05-07
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Financial Disclosure
Twitter Instagram YouTube
Crypto Semantic
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of January 28

    2025-02-03

    Op-Ed: The Artist and the Artificial Sublime

    2025-01-20

    Zora launches onchain NFT secondary markets with Uniswap

    2024-08-12

    NFT sales surge led by DMarket on Ethereum

    2024-08-12

    Top NFT Collections by Sales This Week: DMarket Surges Ahead

    2024-08-11
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Analyst Says Momentum Is Going To Switch to Ethereum, Predicts Capital Rotation to Altcoins

    2024-02-20

    Bitcoin Price Rally In Jeopardy? Decoding Key Hurdles To More Upsides

    2024-02-19

    Arweave’s AR token hits 18-month high amid rapid growth and innovation

    2024-02-19

    Largest Bitcoin Whales Gobble Up Nearly $13,000,000,000 Worth of BTC in 2024 Alone: Santiment

    2024-02-19

    NEAR Skyrockets 30% – Investors Intrigued By These Metrics

    2024-02-19
  • Learn

    What is Proof-of-Authority (POA) Consensus in Blockchain?

    2025-05-10

    What Is Proof-of-Stake (PoS)? Guide to Blockchain Consensus for Beginners

    2025-05-09

    What is a Layer-1 (L1) Blockchain? L1 Problems & Future

    2025-05-03

    What is a Layer-2 (L2) Blockchain Solution? Types & Problems They Solve

    2025-05-02

    What Is a Layer-0 Blockchain Protocol?

    2025-05-02
  • Market Cap
  • Shop
Crypto Semantic
Home»Bitcoin»Will Bitcoin feel the tremors as U.S. debt limit deadline nears
Bitcoin

Will Bitcoin feel the tremors as U.S. debt limit deadline nears

2023-05-28No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


  • The U.S. debt deadline may have constructive implications for BTC.
  • Bitcoin adoption elevated whereas alternate influx decreased.

In a current interview, Arthur Hayes stated that the U.S. debt ceiling deadline could possibly be favorable for Bitcoin [BTC]. For the uninformed, the U.S. debt ceiling refers back to the most quantity of debt that the nation might borrow. 


How a lot are 1,10,100 BTCs price immediately?


Attainable yield amid rising arrears

When the debt ceiling reaches its restrict, it may have important financial and monetary implications. Hayes, who was talking on the “What Bitcoin Did” podcast hosted by Peter McCormack, famous that the 4.9% inflation fee, coupled with the deadline, may spell doom for the U.S. economic system. 

So, in consequence, residents of the nation may begin wanting towards digital belongings like Bitcoin for security. Nonetheless, the previous BitMEX CEO opined that most individuals would nonetheless not purchase Bitcoin regardless of the banking disaster. As a substitute, they might observe the “sinking ship” because the U.S. would attempt to print more cash.

On 27 Might, the Monetary Occasions reported that the U.S. won’t meet up with the 5 June deadline to pay its debt. Based on the county’s treasury secretary, Janet Yellen, the federal government may run out of cash. She additionally talked about that printing extra {dollars} won’t resolve the issue.

Earlier, on 1 June, Yellen had written to Congress for swift intervention. Within the letter, addressed to Home Speaker Kevin McCarthy, Yellen talked about, 

“Based mostly on the newest out there knowledge, we now estimate that Treasury could have inadequate assets to fulfill the federal government’s obligations if Congress has not raised or suspended the debt restrict by June 5.”

Nonetheless, Congress responded that it was working to be sure that it doesn’t default on the $31.4 trillion restrict. In the meantime, it appeared that new entrants have been already adopting Bitcoin, primarily based on Santiment’s knowledge.

See also  Bitcoin Leads 30-Day NFT Sales, Outpacing 24 Blockchain Competitors

Progress in acquisition

Based on the on-chain analytic platform, the variety of addresses holding between 0 to 1 coin have been growing since April.

Bitcoin addresses holding 0 to 1 coins

Supply: Santiment

This provide distribution suggests elevated exercise throughout the retail cohort. By way of circulation, Santiment confirmed that BTC had elevated. As of this writing, the 30-day circulation was 1.17 million.


Is your portfolio inexperienced? Examine the Bitcoin Revenue Calculator


Circulation emphasizes the variety of distinctive cash transacted inside a particular interval. Thus, the hike implies that the quantity of BTC engaged in shopping for and promoting had improved from the downturn a couple of weeks again.

Additionally, Bitcoin’s alternate influx had decreased to 3105. The decline on this metric signifies fewer deposits into exchanges. Subsequently, there could possibly be a discount within the motive to lower holdings whereas resisting promoting stress.

Bitcoin [BTC] circulation and exchange inflow

Supply: Santiment

Source link

Bitcoin deadline debt feel limit Nears tremors U.S
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin vs. Altcoins: What Are The Differences?

2025-02-26

What Can You Buy with Bitcoin? Everything You Need to Know

2025-02-14

Ethereum vs Bitcoin: Difference Between this Cryptocurrencies

2025-02-07

How Many Satoshis are in a Bitcoin? A Guide to BTC’s Tiny Units and Their Role

2024-11-04
Add A Comment

Leave A Reply Cancel Reply

Top Posts
NFT

Generative Art Show Takes Over NYC’s ‘Luxury’ Dispensary

2023-07-28

Premium hashish, designer garments, and NFTs—not the belongings of a well-off Manhattanite, however slightly the…

Bitcoin

Crypto fund inflows improve as positive sentiment returns

2023-08-15

Amid U.S. inflation information, digital asset funding merchandise file inflows. Bitcoin’s inflows represented 93% of…

Blockchain

QuickSwap Goes Live on Immutable zkEVM Mainnet

2024-03-09

QuickSwap has just lately made a major transfer by launching on the Immutable zkEVM mainnet.…

Subscribe to Updates

Get the latest news and Update from Crypto Semantic about Crypto, Metaverse and NFT.

About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

We're social. Connect with us:

Twitter Instagram
Popular Post

Analyst Willy Woo Says This ‘Enemy’ of Bitcoin (BTC) Rearing Its Ugly Head Again

2023-09-25

SushiSwap Accomplishes Chain Subscription Payment on SKALE Network

2024-08-03

How Bitcoin’s shifting dynamics can affect BTC

2023-08-15

Get the latest news and Update from Crypto Semantic about Crypto, Metaverse and NFT.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Financial Disclosure
© 2025 cryptosemantic.com. Designed by ProdigitalX.

Type above and press Enter to search. Press Esc to cancel.

  • Kinza Babylon Staked BTCKinza Babylon Staked BTC(KBTC)$83,270.000.00%
  • Vested XORVested XOR(VXOR)$3,404.231,000.00%
  • ICPanda DAOICPanda DAO(PANDA)$0.003106-39.39%
  • bitcoinBitcoin(BTC)$103,608.000.60%
  • ethereumEthereum(ETH)$2,416.292.98%
  • tetherTether(USDT)$1.000.03%
  • rippleXRP(XRP)$2.411.18%
  • binancecoinBNB(BNB)$653.032.25%
  • solanaSolana(SOL)$171.30-0.23%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • Kinza Babylon Staked BTCKinza Babylon Staked BTC(KBTC)$83,270.000.00%
  • Vested XORVested XOR(VXOR)$3,404.231,000.00%
  • ICPanda DAOICPanda DAO(PANDA)$0.003106-39.39%
  • bitcoinBitcoin(BTC)$103,608.000.60%
  • ethereumEthereum(ETH)$2,416.292.98%
  • tetherTether(USDT)$1.000.03%
  • rippleXRP(XRP)$2.411.18%
  • binancecoinBNB(BNB)$653.032.25%
  • solanaSolana(SOL)$171.30-0.23%
  • usd-coinUSDC(USDC)$1.00-0.01%
bitcoin
Bitcoin (BTC) $ 103,752.80
ethereum
Ethereum (ETH) $ 2,411.19
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.40
bnb
BNB (BNB) $ 652.84
solana
Solana (SOL) $ 171.32
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.225669
cardano
Cardano (ADA) $ 0.802782
tron
TRON (TRX) $ 0.259986
bitcoin
Bitcoin (BTC) $ 103,752.80
ethereum
Ethereum (ETH) $ 2,411.19
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.40
bnb
BNB (BNB) $ 652.84
solana
Solana (SOL) $ 171.32
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.225669
cardano
Cardano (ADA) $ 0.802782
tron
TRON (TRX) $ 0.259986