Latest news about Debt Ceiling

Analysts suggest that the recent boost in risk assets, including cryptocurrencies, due to improved liquidity conditions this year is likely to reverse once the U.S. debt ceiling is lifted and the Treasury, along with the Federal Reserve, resumes their tightening measures.

Investors were eagerly anticipating the House vote on the debt limit deal, which was set to take place on Wednesday.

The crypto's early morning gains were swiftly wiped out during Thursday afternoon trading.