According to Stock Talk (@stocktalkweekly), Treasury Secretary Bessent stated that the United States government will never default and pledged that the debt ceiling will be raised. This assurance of continued US debt stability reduces immediate macroeconomic uncertainty, potentially supporting bullish sentiment in both traditional and crypto markets. Stable US fiscal policy is often seen as positive for risk assets like Bitcoin and Ethereum, as it mitigates fears of liquidity shocks or sudden shifts in fiscal stance. Traders should monitor USD volatility and Treasury yields as these factors directly impact crypto price action. (Source: Stock Talk, May 6, 2025)

According to The Kobeissi Letter, the US is facing an impending debt ceiling crisis as total debt approaches the $37 trillion cap, as reported by ZeroHedge. This situation could significantly impact financial markets, including cryptocurrency trading, due to potential shifts in investor sentiment and liquidity as the deadline approaches.