Bitcoin jumps 3%, hits over two-week high on relief over US debt ceiling

Bitcoin jumps 3%, hits over two-week high on relief over US debt ceilingCredit: Indiatimes

Indiatimes

4 months ago

Bitcoin surged to a more than two-week high, rising by up to 3.2% on Monday and trading at around $28,182, thanks to investors boosted by a decision to raise the US debt limit. This is the fifth day in a row that the digital currency has recorded gains,

Trained AI Editor

Reports of the relief of the US debt ceiling have pushed the price of Bitcoin up 3%, to a two-week high. The news of the US debt relief has been welcomed by many in the cryptocurrency community, as some had feared that the US debt ceiling could have stalled the progress of the digital currency. Analysts have noted that the recent rally in Bitcoin could be the start of a longer-term trend, as it demonstrates the strength of the cryptocurrency in the face of economic uncertainty. With the US debt ceiling now lifted, the Bitcoin market will be hoping that this rally continues and that Bitcoin can sustain its current levels.

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