Traders are nervously eyeing the spiraling U.S. debt pile that some think could trigger a "vicious ... [+] circle" that ultimately boosts the #Bitcoin price. Earlier this month, the amount of money borrowed by the federal government to cover operating expenses—topped $33 trillion for the first time. The Federal Reserve has embarked on a frantic series of interest rate hikes.

Source: www.barrons.com/articles/bitcoin-crypto-markets-today-158195fd

tags: #News #Bitcoin #BTC