As the US debt default looms, investors are seeking safe-haven assets to safeguard their wealth. Bitcoin, a decentralized digital currency, is being considered as a potential store of value during uncertain times.
This article analyzes the Bitcoin price dynamics in light of the US debt default concerns and investigates whether Bitcoin can serve as a safe haven in such situations.
Talks between President Biden and McCarthy are ongoing, but challenges exist due to the involvement of multiple parties. Despite the challenges, there is optimism that an agreement can be reached.
The current price of Bitcoin is $26,801, and it is showing signs of finding support at the $26,600 level, indicating a potential bullish turnaround in the short term.
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