Breaking: Bitcoin Rally Kickstarts Over Debt Ceiling Deal Confirmation News

Crypto Market News: The Bitcoin price exceeded $27,000 after news broke of President Joe Biden and top Republican Kevin McCarthy reaching the debt ceiling deal in-principle. President Biden confirmed the deal in his Twitter post, saying it was “an important step forward that reduces spending.” The President acknowledged that without the deal, the US economy would have seen a catastrophic default and hence an economic recession, impact on retirement accounts and loss of millions of jobs. It may be recalled that Biden had earlier said he would not agree on a deal that would benefit crypto market traders.