{"id":84187,"date":"2023-05-17T19:43:13","date_gmt":"2023-05-17T15:43:13","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=84187"},"modified":"2023-05-17T19:46:32","modified_gmt":"2023-05-17T15:46:32","slug":"bitcoin-slides-below-27k-as-debt-ceiling-talks-eyed","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/bitcoin-slides-below-27k-as-debt-ceiling-talks-eyed\/05\/17\/market-updates\/","title":{"rendered":"Bitcoin slides below $27K as debt ceiling talks eyed"},"content":{"rendered":"\n<p>Treasury Secretary Janet Yellen warned the US could breach its debt limit by June 1, potentially setting off a recession in the event of default. Yellen also and said a default \u201ccould lead to a recession,\u201d so several analysts believe a resolution to the debt ceiling issue could potentially buoy bitcoin.<br> <br>Bitcoin continued its slightly downward consolidation on Wednesday, slipping just below $27,000 as investors kept close attention on the debt ceiling negotiations in Washington.<br><br>The largest cryptocurrency by market capitalization was recently trading at $26,950, down roughly 1.3% for the day, according to CoinDesk data. Over the past 24 hours, BTC\u2019s price has been range-bound between $26,800-$27,400. At the time of writing bitcoin is trading at $26780.<br><br>The current macroeconomic situation is conducive for increased crypto adoption. The debt ceiling getting raised also bodes well for risk assets as market participants seek to secure wealth.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Treasury Secretary Janet Yellen warned the US could breach its debt limit by June 1, potentially setting off a recession in the event of default. Yellen also and said a default \u201ccould lead to a recession,\u201d so several analysts believe a resolution to the debt ceiling issue could potentially buoy bitcoin. Bitcoin continued its slightly &hellip;<\/p>\n","protected":false},"author":13,"featured_media":54501,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,36],"tags":[6904,7487],"class_list":["post-84187","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-market-updates","tag-bitcoin","tag-debt-ceiling"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/84187","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=84187"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/84187\/revisions"}],"predecessor-version":[{"id":84195,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/84187\/revisions\/84195"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/54501"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=84187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=84187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=84187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}