Bitcoin Jumps To More Than Two

The twoweek high on relief over the debt ceiling was reached by arrow bitcoin

The debt limit deal boosted investor sentiment and led to the highest level in over two weeks

The largest digital token increased in value by 32

Gains from smaller coins fall from the days highs

The debtceiling deal between president biden and house speaker mccarthy improves risk in global markets but congress approval is still needed to avoid a us default

Potential challenges are posed by increase in treasury yield and expectations of us monetary tightening

The fiveday winning streak gives some relief after a tough quarter

While the markets have rebounded from last years crash they are still below their record highs