Debt ceiling considerations might affect cryptocurrency market as treasury steadiness plunges

Fast Take

• Issues proceed to construct across the debt ceiling negotiations.
• President Biden is insisting on an unconditional debt-ceiling improve.
• This week, a gathering will happen between President Biden and congressional leaders across the considerations of the Treasury steadiness remaining depleted.
• MacroScope states, “Revenues in April this yr have been 26% under the identical month in 2022.”
• Moreover, “Tax revenues within the present fiscal yr to April have been greater than
  $250bn under estimates made just some months earlier.”
• The Treasury Normal Account sits at $155 billion and is plunging quick.
• Markets are nonetheless anticipating a last-minute deal, as per typical.

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