Friday 9 June 2023

Asian Markets are On Fire due to The US Debt Crisis Talks

Today Short positions on Asian Markets were on rise due to the uncertainty of the u .s . debt limit which indicated that Bitcoin tested under the 27 .000 $ with the 2% fall . But when European markets opened the support level became 27 .000 $ and it became stable around 27 .100 $ at the end of session . Likewise Ethereum short positions could not be separated from BTC despite showing a resistance . The price continues with 1870 $ under the influence of %1 .5 fall .

Unstable market continues in the short term

Market reviewers are of the opinion that the debt crisis will still influence the market in a negative way until the debt crisis is finalized . The debt ceiling agreement is expected to be done after the poll in the U .S . representative court and senate . The possibility of liquidity crisis is still seen as a big threat for the reviewers so the short term falls in crypto market is possible .

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