U.S. National Debt Surpasses 36.58 Trillion Dollars, Watcher Guru Reports

The U.S. national debt reached 36.58 trillion dollars for the first time since February, as reported by Watcher Guru on July 9.

The rising national debt is significant for crypto markets, potentially influencing Bitcoin and Ethereum as inflation concerns grow.

U.S. Debt Soars: Implications for Crypto as Inflation Looms

The U.S. debt figure reached 36.58 trillion dollars, as noted by Watcher Guru. This achievement, although not reported directly by government officials, highlights fiscal expansions impacting various sectors. With Polymarket’s 93% prediction for debt to exceed 38 trillion dollars by 2025, this area continues drawing substantial interest from crypto enthusiasts. This trend of rising debt indirectly affects crypto markets, perceived as an indicator of inflationary pressures.

Observer reactions vary. Some interpret higher debt as positive for crypto assets like Bitcoin, considered inflation hedges. Watcher Guru highlighted the sentiment, noting active prediction markets reflecting concern over U.S. fiscal policy. While government officials have not made recent statements on this, the crypto community continues to monitor such fiscal milestones closely.

“JUST IN: 93% chance US national debt surpasses $38 trillion in 2025, according to crypto prediction platform Polymarket.” – Watcher Guru, Crypto Data Aggregator

Bitcoin, U.S. Debt, and Historical Market Correlations

Did you know? The U.S. national debt milestone follows similar historical trends, where rising debt during 2020’s stimulus package saw Bitcoin’s price more than quadruple.

According to CoinMarketCap, Bitcoin’s current price is $108,798.40, with a market cap of $2.16 trillion. It holds a 64.24% market dominance, with a 24-hour trading volume of $42.90 billion. Over the past 90 days, its value has increased by 31.93%. This data highlights the ongoing correlation between macroeconomic events and crypto valuation trends.

Coincu analysts suggest that ongoing debt increases could lead to new financial regulations influencing crypto. As governments manage fiscal challenges, cryptocurrency may play a larger role in economic discussions. While it’s yet unclear how technology will adapt, the pattern shows a persistent interest in the potential of digital assets as safeguards against traditional financial uncertainties.