Bitcoin Price Dips Below $26.5K as U.S. Debt Ceiling Fears Weigh

• Bitcoin maintained a small rise of about 0.3% below $26,500 and gold fell over 1%.
• Nasdaq Composite soared 1.7%, driven by tech companies, S&P 500 rose 0.9%.
• U.S. debt ceiling stalemate is impacting the market and Ethereum was trading slightly above $1,812 with MATIC rising 2% and Coin Market Cap increasing by 0.72%.

Bitcoin Price Below $26.5K

Recently, Bitcoin maintained a small rise of about 0.3% below $26,500, falling short of the previous two-week range of $26,500 to $27,500. Gold, a haven asset, fell over 1%, trading at $1,959 after hitting a near-record high a month ago while Nasdaq Composite soared 1.7%, driven by tech companies and S&P 500 rose 0.9% with its tech component.

U.S Debt Ceiling Stalemate Impacting Markets

Amid recent news of the U.S debt that is set to mature on 1st June causing concern amongst certain sectors in Wall Street as anxiety levels rise with traders steering clear of U.S government debt maturing in June or making arrangements to handle securities that are in danger of defaulting . Ethereum was trading slightly above $1,812 experiencing a modest increase of approximately 0.3% compared to the previous day and MATIC which is associated with Polygon layer two platforms recently rising by 2%. As of press time Coin Market Cap has recorded an increase of 0.72%.

Positive Economic Data From Labor Department

In an announcement by the U.S Labor Department there has been positive unemployment rate and GDP data reported with U