You are currently viewing First Mover Asia: Bitcoin Holding Pattern Continues as Lawmakers Make Progress in Debt Limit Negotiations

Good morning. Here’s what’s happening:

Prices: Bitcoin hovered near $26.5K for much of Thursday as investors shrugged over unexpectedly strong jobs and productivity data.

Insights: Nvidia GPUs were useful in AI because they can process large amounts of data. Now, they seem key to the company’s growth because they are also well-suited for artificial intelligence (AI) technology.

Bitcoin’s Debt Limit Holding Pattern

Will the U.S. be able to pay its bills after June 1?

The question seemed foremost on the minds of crypto investors who continued to track negotiations about the U.S. debt ceiling. House lawmakers reported progress in the discussions, although whether they and the Biden Administration reach an agreement remains uncertain.

Bitcoin hovered between $26,400

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