Fast Take
- Might 19, 2013: The U.S. debt ceiling was formally raised to roughly $16.699 trillion. The value was $116.3, with a share acquire of 4.7%.
- October 17, 2013: The disaster ended with the passing of the Persevering with Appropriations Act 2014. The value of Bitcoin was $143, with a share acquire of 0.23%.
- October 7, 2021: The Senate voted to boost the debt ceiling. The value was $53,776 and gained 3.7%.
- December 16, 2021: Congress voted to extend the debt ceiling by $2.5 trillion, which President Biden signed into impact. The value was $47,695, and Bitcoin fell 0.11%.
- January 19, 2023: The U.S. once more reached the debt ceiling. The value of Bitcoin fell 0.55%, which was at $21,085.
- To conclude, the debt ceiling negotiations are a nonevent in the direction of Bitcoin value, and we do imagine the U.S. will almost certainly enhance the debt ceiling as they’ve carried out each different time.
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