Bitcoin rises as investors await vote on tentative debt ceiling agreement

The crypto market leader was up 1% Tuesday at $27,911.99, according to Coin Metrics.On Monday, bitcoin rose as high as $28,461.45, while ether reached a high of $1,928.16.reached a tentative deal

"The past few days have shown strong volatility as BTC dropped to the lowest trading price of about $25,800 on Wednesday due to investors' fear concerning U.S. reaching the debt ceiling," said Matteo Greco, research analyst at investment firm Fineqia International."However ... This means that, in the mid-term, money is removed from more risky assets to buy government bonds.

Bitcoin is now testing its March resistance level of about $28,800, said Yuya Hasegawa, a crypto market analyst at Japanese bitcoin exchange Bitbank.

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Source: CoinDesk - 🏆 291. / 63 Read more »