Analysts are speculating how cryptocurrency markets might react if the US government were, for the first time in history, to default on its debt repayments. Stalemate in Congress on whether to raise the debt ceiling raises this question with the US government currently holding a hefty $28 trillion in debt.

As cryptocurrency is still an infant market compared to more traditional markets, there are doubts and questions as to whether Bitcoin would be able to break free of any impending financial volatility if the US government did indeed default.

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