Crypto Market News: Top Republican leader Kevin McCarthy on Wednesday said he was optimistic about getting a deal despite the fact that there is a long way to go before reaching consensus to commit to a deal on raising the debt ceiling. He addressed the concerns around the status of deal talks amid market uncertainty before the June 1, 2023 deadline, during a press conference. Importantly, he said there could be progress made later today, in the context of a halt in deal talks since his Monday meeting with US President Joe Biden.
Also Read: Bitcoin (BTC) Price Breaking Under Crucial Support Levels, $23,000 Coming?
The U.S. Markets continue to feel the heat from the delay in debt ceiling deal talks since Monday, as the S&P 500 Index, Dow Jones and Nasdaq continue to trade in the red. Similarly, Bitcoin price appears to be in bearish waters until some clarity on deal status is reached.
Kevin McCarthy: No Debt Default
Speaking at a press conference, the top Republican said he doesn’t think there will be a defaultm and that he firmly believes the leaders will be able to get a deal. However, he said both sides are still far apart on debt talks but can get to saying yes for a deal.
“There are still differences over spending. I am sending our negotiators down to the White House to try and finish up the talks.”
Also Read: Morgan Stanley Warned Off Ponzi Crypto Project “DF Fintoch” On The Run With $31 Million
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
