BTC and stocks are expected to rally after US lawmakers potentially reach a deal on the debt ceiling. Here are the most important things to know about this development:
1. The debt ceiling is the maximum amount of money that the US government can borrow to fund its operations. If the debt ceiling is not raised, the government could default on its debt obligations, which would have severe consequences for the economy.
2. The uncertainty surrounding the debt ceiling has been weighing on the stock market and BTC prices in recent weeks. Investors are concerned that a failure to raise the debt ceiling could lead to a government shutdown or even a recession.
3. However, if US lawmakers are able to reach a deal on the debt ceiling, it could provide a boost to both BTC and stocks. A resolution to the debt ceiling issue would remove a major source of uncertainty and restore confidence in the economy.
In summary, the potential deal on the debt ceiling is a positive development for BTC and stocks. While there is still some uncertainty around the outcome, investors are hopeful that US lawmakers will be able to reach an agreement and avoid a potential economic crisis.