Bitcoin Hits $60K Again Amid Soaring Crypto Market Value and Warnings of Rising US Debt Risks

Bitcoin price has topped $60,000 again, making it a $1 trillion asset. The wider crypto market is over $2 trillion.

Bank of America analysts warned U.S. debt load is ramping up, adding $1 trillion every 100 days which could fuel further bitcoin price rises.

New spot bitcoin ETFs from BlackRock and Fidelity have attracted over $16 billion in assets under management since launching in January.

U.S. national debt has crossed $34 trillion and is rising by $1 trillion every 100 days, sparking predictions bitcoin could boom to $1 million.

JPMorgan and Bank of America CEOs have warned spiraling U.S. debt could spark global instability and a recession.