7-Day Market Moves
BTC showed a modest 0.96% rise over the past seven days, settling at $27,401.42. Not to be outdone, ETH flexed its muscles with a 1.97% climb during the same period. CoinMarketCap reports that the overall crypto market cap now stands at $1.14 trillion.
Amidst all the market chatter, experts have their eyes fixed on the looming debt ceiling drama in the U.S. As the June 1 deadline approaches, discussions around this issue could present a golden opportunity for cryptocurrencies. Worries about a potential default risk could drive investors towards digital assets, seeking refuge from the tumultuous waves of the traditional financial system. We can only imagine the dire consequences if the U.S. government fails to settle its debts on time, shaking both domestic and global markets to their core.
As always, we'll be keeping a close watch on how these developments unfold. Stay tuned for more updates!