• Bitcoin maintained a small rise of about 0.3% below $26,500 and gold fell over 1%.
• U.S. debt ceiling is set to mature on 1st June leading to concerns among Wall Street traders.
• NASDAQ Composite soared 1.7%, driven by tech companies, while U.S. economy witnessed a growth of 1.3%.

Background

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, S&P 500 rose 0.9% with its tech component. Amid recent news of the U.S. debt that is set to mature on 1st June, Concern is growing among certain sectors of Wall Street that depend on Treasury bonds for their operations as anxiety levels rise. A number of traders are beginning to steer clear of U.S. government debt that matures in June, while others are making arrangements to handle securities that are in danger of defaulting

Cryptocurrency Price Movements

Recently, Bitcoin maintained a small rise of about 0