As such, market observers predict “hundreds of billions of dollars” will be sucked out of the financial system leading to a significant impact on asset prices. The present debt-ceiling deal is also likely to curb spending not related to defense, resume student loan payments and scale back unused pandemic relief.
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Debt-ceiling Deal Could Spark Crypto Downturn: Experts
Crypto experts are predicting a downturn after liquidity retightens and the debt ceiling lifts. So reports CoinDesk.
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