Date: 2023-05-29T16:14:00Z Creator: Bitfolio Academy
The crypto markets have responded with enthusiasm to the recent deal to raise the debt ceiling! On Saturday, a debt-ceiling agreement was reached and Bitcoin and Ethereum soared – a 4.5% boost for BTC and a 4% leap for ETHer.
The two-year deal freezes non-defense spending until 2025, allowing for a much-needed respite from the strife over the debt ceiling.
Ethereum is sending a powerful buy signal on the 12-hour chart – it’s at a 10-day high! Bitcoin is also issuing a buy signal on the 4-hour chart, although it has yet to reach a 10-day high. These strong signals make it appear that the crypto markets are turning around, and investors seem hopeful!
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