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News from the crypto world, US debt ceiling, and is that cryptocurrencies fall as concerns about the US debt ceiling continue to take over global markets Cryptocurrency prices have been trading lower in recent hours.

In addition, it is not cryptocurrencies but also stocks, we have seen sharp falls in the European stock markets, Wall Street also fell because the negotiations on the debt ceiling in the United States continue to drag on and fears of a possible default. of a possible default are taking over the markets.

Although it is true that the speaker of the House of Representatives Kevin McCarthy reported a quite productive meeting with President Joe Biden in these negotiations to raise the debt ceiling and avoid this famous Default, it is not clear to the market if it has already been compliment. accomplished. some progress for the two parties to finalize an agreement.

In fact, it just appeared just a few minutes ago and although it has given illusions, it has hinted. Well, that the positions may be getting closer and that there may be a Post, would give rise to many doubts and it is that the United States faces a possible default at the beginning of June, some say in the month. June others say At the end of this month.

But well, it is a scenario that the Secretary of the Treasury has already described to legislators, as highly probable and as I told you, it is taking its toll on all markets and it is also influencing the crypto market, yes? It is not all bad news for the crypto market.

And it is that the amount of bitcoin in the exchange is registering a historical drop, people are opting for self-custody, at least the way of operating that they used to have normally is changing a bit.

And it is that the amount of bitcoin in the exchange will decrease according to the latest data from Glass; This is the first time in the history of cryptocurrencies that the balance of the exchanges has decreased in an era. Glass data shows that in the current era, the period between the two Galvis, the amount of bitcoin on exchanges has decreased by 680,000 bitcoin to real. barbarism.

And currently two and three million bitcoin on the exchange, which is a drop of 28% from the maximum level, this trend suggests, as I said before, also the investor behavior of cryptocurrency traders who are more and more the that they choose guard. their bitcoins in private wallets instead of exchanges, surely everything that happened last year with Terra with ftx, well, of course, it is giving wings, it is giving investors reasons for self-protection.

Of course, since we are talking about self-custody:

We need to talk.
We have to keep talking.
We have to update what is happening with the ledger.

And it is that the recovery service and the key recovery service from yesterday has been paused due to all the controversy due to all the criticism and also now they have said that they are going to open the source code.

The ledger of the electronic wallet company postponed the launch of leyer recovery after an intense week of much criticism, from the cryptocurrency communities and also for reason in a Twitter space that took place on the day, and beware that there were more than 13,000 people living in the President and mayor Pascal Gotier said that it has been a sobering experience and a hard lesson in communication. Gotier revealed that, in response to concerns, the company will accelerate its plans to further open up its code base, starting with its core operating systems and the recovery layers that it has stated will not be released until the construction is complete. It is collecting legislator cable because it has seen clearly, that of giving governments a back door so that they guard the seed phrases of their clients, from there, that it is not a good tactic, of course, it is not a good marketing campaign either and we see that in this case they have to go back, we are not going to go back.

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