Bitcoin’s next catalyst: End of $36T US debt ceiling suspension
Bitcoin may get a price boost as the US debt suspension ends on March 14 and injects fresh liquidity into markets. Global trade tensions still pose potential risks.
Bitcoin’s next significant price catalyst may arrive Friday as the US debt suspension period comes to an end, potentially injecting fresh liquidity into markets and driving a price rebound.
The US Treasury hit its $36 trillion debt ceiling a day after President Donald Trump’s inauguration on Jan. 20. A “debt issuance suspension period” began then and was set to last until March 14, according to a letter published on Jan. 17.
Bitcoin (BTC) has dropped 22% during the two-month debt suspension plan, from over $106,000 on Jan. 21 to $82,535 at the time of writing on March 12, TradingView data shows.
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Author: Zoltan Vardai
