Why must bitcoin be affected by the US debit ceiling? I know the us has a great power when it comes to finance, world economy and all of that but why most this affect bitcoin, are the US government or its financial institutions legally dealing with bitcoin in any way that this their news will have to set some set back towards its price decline.

I see the recent price decline as a result of the month coming close to its end and maybe institutional investors and other individual investors who hold large amount of bitcoin or other crypto are either selling off or are running some trading activities in preparation for their tax calculation that’s for those which their digital asset are task levied.