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โ€“ A U.S. default could trigger Bitcoin rally.

โ€“ Joe Biden is confident that there will be no default.

โ€“ Not all market participants share the confidence of the U.S. President.

The United States reached its debt ceiling in January 2023.

The ceiling is a limit Congress places on loans the government can take.

On May 17, the head of the country announced that there would be no default.