MarketNeutral
Bitcoin breaks $66k as US debt hits $39.5 trillion creating Bitcoin’s next liquidity test for August 3
Source: CryptoSlate

US gross federal debt reached $39.489 trillion on July 15, leaving roughly $511 billion before the $40 trillion threshold, and this debt total strengthens Bitcoin's fixed-supply argument. Treasury currently expects to borrow $671 billion in privately held net marketable debt during the July-to-September quarter, with the estimate built on a $950 billion end-of-September cash balance. […] The post Bitcoin breaks $66k as US debt hits $39.5 trillion creating Bitcoin’s next liquidity test for August
CoinMagnetic Team
Crypto investors since 2017. We trade with our own money and test every exchange ourselves.
Updated: July 2026
From our insights:
Related news

Market
Malaysia shuts down Balaji Srinivasan’s Network School in Forest City
The Block

Market
MoneyGram's CEO says blockchain works best when customers don't know it's there
CoinDesk

Market
Bitcoin’s $66,000 price breakout survives continued US-Iran escalation, but a bigger test looms
CryptoSlate

Market
Arcus rolls out 24/7 tokenized US stocks and perpetual markets on Robinhood Chain
The Block

Market
Aztec upgrades to V5 in alpha, adding full private execution environment to decentralized Ethereum L2
The Block

Market
Robinhood-backed DEX Arcus expands with tokenized assets, perps
Cointelegraph