U.S. Debt Deal Could Weigh on Bitcoin Price, Some Say
Per Observers, U.S. Treasury’s efforts to build back cash balances post-debt deal will suck out the dollar liquidity from system, pushing bitcoin lower.
Debt ceiling
Bitcoin Posts Biggest Weekly Loss in 5 Months as Dollar Liquidity Declines, Debt Ceiling Fears Return
The cost of insuring against a potential U.S. government default in the next 12 months soared to record highs last week.