The debts of the US government shake investors, which contributes to a sharp decline in the markets-even when Bitcoin has reached the highest new level ever.
American public debt ignited investor fears, even when Bitcoin (BTC) reached its highest level. On May 21, S&P 500 was traded at a price of 5,882.35 points, a decrease of 0.98 %, while the technology NASDAQ reached 21,232.05, a decrease of 0.63 %. At the same time, Dow Jones was deep in red at 42,059.08, losing 620.63 points, or 1.46 %.
The investor is primarily focused on American debt, as it threatens the increasing revenues of the bonds to push the government’s deficit to the top. Delay 16 billion dollars auction Of the 20 years, cabinet bonds attracted little demand from investors, which led to high bond returns. This came after the United States suffered from reducing credit rating from Moody’s, and has lost its ideal degrees.
At the same time, the US Congress is paying a new bill to expand tax cuts in the Trump era. These cuts will increase from available income, especially for high -income owners, but also raises concerns about increasing the expansion of the federal deficit.
However, this macroeconomic environment appears to work for Bitcoin. The largest encryption assets reached the highest new level ever, while gold also showed a strong performance-where he passed 0.94 % to $ 3,313.5 an ounce.
Technology shares, health care below, Google contributes 4 %
All the major companies that were included in Dow Jones were almost almost, including technology, main retail dealers and health care. However, the alphabets listed on the NASDAC exchange increased by 4 % on Google’s The new artificial intelligence advertisement. The technology giant works to redefine the research, which makes it work similar to the large artificial intelligence models.
UNITEDHELTH continues to decrease, with a scandal on a scandal. Recently, Reports It revealed that the company tried to reduce insurance payments by paying the homes of the elderly to reduce the transfer of patients to hospitals. This exposes the insurance giant to potential litigation, and its shares decreased by 6 % on the news.
