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BTC/USD: Risk-On Sentiment Sets In
The BTC/USD pair drifted upwards during the weekend after it dropped to a low of 25,917 during the weekend. It rose to a high of 28,000, the highest level in more than two weeks. Other cryptocurrencies followed suit, with Ethereum jumping to $1,850 and BNB hitting $310. The BTC/USD pair jumped as investors embraced a risk-on sentiment after Speaker Kevin McCarthy reached a deal with the White House. The deal, if passed, will see the US avoid a historic default that would have roiled the market. Most analysts believe that the American Congress will pass the debt ceiling bill this week. Still, since the bill is a ... (full story)