Declines in the US Dollar Index are usually followed by strong Bitcoin price rallies, but this time BTC continues to fall.
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National Debt News
National debt is a public debt carried by the federal government of the country. National debt is a result of the financial borrowing of the country made to cover a deficit in the budget. There are two kinds of national debt, such as internal — which means the creditors are the residents of the country — and external — which means the creditors are from other countries. The first country in the world in terms of their national debt is Japan, and the country having the largest external national debt is the U.S. The U.S. national debt can be seen on the U.S. debt clock, set in the center of New York. In terms of cryptocurrency, Bitcoin — in some countries with a large national debt — was used as a way to store the value of money. Moreover, some countries use Bitcoin to pay its national debt.
- Market Analysis
- Market Analysis
Bitcoin's correction may be over, supported by derivatives markets, a weak dollar and contagion from the US budget crisis.
10707 - News
According to data from the International Monetary Fund (IMF), total global government debt now accounts for over $102 trillion.
10481 - News
Elon Musk has previously stated that he wants to cut $1 trillion to $6.5 trillion in annual federal spending to help balance the budget.
20848 - Market Analysis
Bitcoin hit new highs on Jan. 20, but data shows traders are neutral as the market waits to see if a BTC-friendly executive order is issued by President Trump.
25398 - News
The near two-month debt issuance suspension period could signal lower global liquidity, which may affect Bitcoin’s price leading into March.
14305 - Market Analysis
Bitcoin’s open interest has dropped to a two-month low, indicating limited downside risk for BTC price.
13989 - Video
Cointelegraph’s latest video breaks down the odds of the US creating a Bitcoin reserve in the next year and its potential impact on prices.
3373 - News
Avik Roy, president of a nonprofit think tank, said Senator Cynthia Lummis’ claim that Bitcoin could eliminate federal debt is “overselling” what Bitcoin can do.
12725 - Market Analysis
Bitcoin’s correction reflects investors’ inflation concerns and highlights the potential impact of future US fiscal policies.
12116 - News
By integrating Bitcoin into client portfolios, Strive’s new wealth management unit can, in part, offer Americans “true financial freedom,” its CEO Matt Cole said.
9441 - Analysis
A ban on Bitcoin? Even the suggestion as part of a thought experiment is bound to chafe the crypto community.
20859 - Markets News
Institutional adoption, US government overspending and future economic stimulus packages are just a few reasons why analysts believe Bitcoin price is on the path to $100,000.
11404 - Market Analysis
Bitcoin price saw a sharp sell-off on Oct. 21, but the BTC futures market is showing zero signs of fear.
9587 - News
The United States national debt has crossed $35 trillion, with $500 billion added to the government debt in the last two weeks alone.
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