Part 1 Beginner Why long-term crypto holders borrow against assets instead of selling A strategic guide to liquidity management, capital preservation, and the real tradeoff between selling and borrowing crypto Open guide 
Debt ceiling concerns may impact cryptocurrency market as treasury balance plunges
Revenues in April this year were 26% below the same month in 2022.
This article was published 3 years ago. Some details may no longer reflect current market conditions or recent developments. If you spot anything that needs an update, contact us.
Quick Take
- Concerns continue to build around the debt ceiling negotiations.
- President Biden is insisting on an unconditional debt-ceiling increase.
- This week, a meeting will occur between President Biden and congressional leaders around the concerns of the Treasury balance remaining depleted.
- MacroScope states, “Revenues in April this year were 26% below the same month in 2022.”
- Furthermore, “Tax revenues in the current fiscal year to April were more than
$250bn below estimates made just a few months earlier.” - The Treasury General Account sits at $155 billion and is plunging fast.
- Markets are still expecting a last-minute deal, as per usual.
