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Bitcoin, Crypto Slides As Fitch Puts US Rating Watch Negative On Debt Ceiling Standoff
https://www.storeboard.com/blogs/news/bitcoin-crypto-slides-as-fitch-puts-us-rating-watch-negative-on-debt-ceiling-standoff/5616816
On May 25, as a result of investor panic caused by political divisiveness in debt ceiling talks, the price of bitcoin temporarily dropped below the $26k mark. As a result of Republican President Mitt Romney and US President Joe Biden's failure to achieve agreement on the debt ceiling, Fitch Rating put the US's ''AAA'' credit rating on negative watch.
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