Bitcoin (BTC) fell with the statements of US Treasury Secretary Janet Yellen and lost $ 600 in a short time.
Bitcoin, after US Treasury Secretary Janet Yellen spoke about debt limit talks at a panel hosted by the Wall Street Journal 600 dollars experienced a decline. watched during the day 26,700 from dollar levels %2 depreciating 26,100 The fall of Bitcoin, which fell to the dollar, also affected altcoins.
While the debt limit agreement is highly anticipated in the cryptocurrency market, recently US President Joe Biden and Congressman Kevin McCarthy negotiations had stalled.
US Treasury Secretary Jane Yellen, in her statements on the subject today, stated that she believes the debt limit will be lifted with the following words:
I believe the debt limit will be removed. If it is not removed and we are unable to make payments, we do not have a plan yet. We try to make our payments and fulfill our responsibilities. Unless Congress decides to increase the debt limit, it will be a difficult decision to make before the Treasury Department and Biden. There is stress in the markets right now. If the debt limit is not removed, this stress will increase even more.
Despite the statements made by Janet Yellen in the statements, US President Joe Biden said that he would not accept a deal that retains his insistence on his anti-Bitcoin crypto stance.
As Yellen also stated in her statements, the debt situation creates stress in the market. Like all markets, Bitcoin and other cryptocurrencies were negatively affected.
Despite the rise it experienced until April, it could not hold on to this level steadily. 1.5 during the month 26,000 to Between $29,000 The fluctuating Bitcoin finally took off quickly today. lost value. Investors are concerned about the uncertainty about the debt limit and possible financial difficulties. He may have exited Bitcoin is being considered.
Bitcoin is down 4.1% in the last 24-hour period and is trading at $26,174, according to data from CoinGecko.