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.
As far as I can tell, the argument is that the debt ceiling might affect how investors do their trade on the stock and digital assets market. Basically, the changes in the debt ceiling can signal a change in the confidence of the USD. Considering how most markets use USD to determine the price and so on, I can see how it might affect them.
That being said, there is no way to determine the right reason why the Bitcoin price is going up or down. I'm not sure why OP believes the debt ceiling is the key reason other than basing his analysis on what the so-called experts said in the media.