Bitcoin, Ether Record Losses Amid US ’ Debt Ceiling conversations

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The value of Bitcoin dropped by$ 542( roughlyRs. 44,850) in the last 24 hours.

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Bitcoin on Friday, May 19, recorded a loss of 1.67 percent to trade at the price point of$ 26,785( roughlyRs. 22 lakh) on both public as well as transnational exchanges

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The value of Bitcoin dropped by$ 542( roughlyRs. 44,850) in the last 24 hours, in the background of US thinking of re-adjusting its debt ceiling

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The US, at this time, is witnessing a fiscal retardation that's also dragooned by major debts that the country has acquired since 2009

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Bitcoin endured a downcast trend primarily told by ongoing debt ceiling conversations in Washington,DC., and other nonsupervisory developments

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While Bitcoin has registered an eight percent drop month- to- date, it still boasts a remarkable 61 percent increase time- to- date

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also, Ethereum has imaged Bitcoin's performance, declining by over 1 percent in the once 24 hours

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Ethereum has faced lapses in the once five days, performing in a five percent drop month- to- date and a significant 62 percent drop overall

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The outgrowth of the expiry will determine Bitcoin's short- term performance, with implicit goods on its price

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