Price analysis 5/24: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC By Cointelegraph

is threatening to break the narrow range to the downside. The cryptocurrency markets seem to be taking cues from the United States equities markets, which have been down for two straight days due to the uncertainty regarding the debt ceiling negotiations.

If the debt ceiling talks stretch further, traders may lighten their positions from risky assets, as a debt default by the U.S. is likely to have huge financial implications around the world. Even cryptocurrencies could witness a sell-off, and analysts have not ruled out a potential fall to $20,000 for Bitcoin (BTC).