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Bitcoin rises as investors await vote on tentative US debt ceiling agreement
Bitcoin briefly recovered the $28,000 level over the extended holiday weekend for the first time since the start of the month, after the Biden administration reached a tentative deal with Republican lawmakers to address the U.S. debt ceiling. The crypto market leader was up 1% Tuesday at $27,911.99, according to Coin Metrics. Ether was a little more than 1% higher at $1,910.75. On Monday, bitcoin rose as high as $28,461.45, while ether reached a high of $1,928.16. The cryptocurrencies began climbing on Saturday evening after House Republicans reached a tentative deal with the White House to raise the nation’s debt ... (full story)