Crypto Exchange Trading Volume Sinks Amid Debt-Ceiling Talks

Crypto News: A delay in the crucial talks between U.S. President Joe Biden and House of Representatives Republicans Kevin McCarthy has left the financial market waiting and confused. The global crypto market cap registered a marginal surge over the past day. However, its 24 hour trading volume has taken a hit of 23% as buyers and sellers are looking out for clarity.

Also Read: SEC Staff Emails Reveal XRP Failed Howey Test

Conclusion On Debt Ceiling To Pump Market?

Data Depicts that the top crypto exchanges’ spot trading volume dropped by a huge margin over the past day. Binance, the world’s largest crypto exchange trading vol dipped by over 34% in the last 24 hours. It now stands at around $3.3 billion.

Coinbase, the U.S. biggest crypto exchange trading vol declined by almost 40% over the past day to stand at $302 million. However, Kraken registered a slide of around 48% in its 24 hour trading volume to stand at $142 million.

exchange crypto — **Source: CoinMarketCap**

Also Read: AI Regulations Soon? G7 Nations Agree AI Needs Rules

According to reports, U.S. President Joe Biden is planning to talk with Kevin McCarthy on Sunday over raising the federal $31.4 trillion debt ceiling. Biden is attending the G7 summit organized in Japan. However, he’ll be having conversations with the top speaker after a reported disagreement between the officials. Read More Crypto News Here…

Supposedly, the deadline of June 1, 2023, is closing in. The Treasury Department issued a warning to the top authority that they might not be able to pay all its debts. However, this could prompt a default which can start chaos in the financial market and might push the authority to increase interest rates.

TAGS
Binance

Recommended
Price Analysis

Best Crypto Presales To Invest In September 2025 – Top Upcoming Presale Tokens

Best Crypto AI Trading Bots In 2025

Top Meme Coins To Buy In September 2025

Ashish Kumar

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at [email protected]

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.