The digital currency markets have seen a host of industry-specific news over the past weeks, including events like the closure of Silk Road and announcement that Baidu would accept bitcoin for some services. While such micro events continue to play a large part in the bitcoin markets, the reaction to the agreement over the US debt limit illustrates the clear impact macroeconomic events increasingly have on bitcoin. After weeks of debate and a partial government shutdown, US legislators reached an agreement to extend the United States’ borrowing capacity. In doing so, a default by the world’s largest debtor was avoided …
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