17:08 - 5.06.2025

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June 5, Fineko/abc.az. Donald Trump and Senator Elizabeth Warren have proposed lifting the U.S. debt ceiling, which could increase market volatility and increase interest in digital assets.

ABC.AZ reports that this will eliminate the need for Congress to approve debt increases and pave the way for unlimited borrowing.

Experts believe that in the face of uncertainty, the demand for bitcoin and ether as risk hedging tools will increase. Elon Musk said that the uncontrolled growth of debt undermines confidence in fiat currencies and enhances the attractiveness of cryptocurrencies.

Against this background, trading volumes on Binance and Coinbase increased by 18%, the ether exchange rate rose to $2666, and interest in altcoins increased.