The decision to suspend the U.S. debt ceiling has caused a shift in asset prices, with traditional stocks and gold outperforming Bitcoin and Ethereum. The U.S. Congress approved the agreement to increase the government's borrowing limit, which will allow the federal government to borrow funds until November 2024. Santiment's insights show that the price movements of various assets were profoundly impacted by the decision to raise the debt ceiling, with cryptocurrencies trailing behind equities. Bitcoin and Ethereum were trading at a profit on a daily timeframe, but experiencing a weaker correlation compared to traditional stocks.
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