*Bitcoin (BTC) price spiked past $27,000 after the White House and House Republicans reached an agreement in principle to raise the debt ceiling and limit spending.* * *If passed, the deal The agreement not only expands the debt ceiling, but also includes a deal to finance the government for the next two years.* US President Biden and US House of Representatives Speaker McCarthy have reached an agreement in principle on the debt ceiling. Bitcoin (BTC) price quickly recovered to $27,000. The White House and Republican negotiators have reached a preliminary agreement to raise the US debt ceiling and avoid a default that could shake the global economy, people familiar with the matter said. US President Joe Biden and US House of Representatives Speaker McCarthy must now steer a long-discussed framework deal through the final passage of legislation, despite objections from hawkish lawmakers bipartisan. U.S. Treasury Secretary Yellen warned the debt ceiling easing must be completed by June 5 to avoid a historic default. That means Congress will skip the shutdown fight expected this fall and start In addition, U.S. House of Representatives Speaker McCarthy is expected to notify Republicans of the debt ceiling agreement at 9:30 p.m. local time. Receiving positive news after a long stalemate, BTC price quickly recovered from $26,700 to $27,100 This means that undischarged alt coins will also be pushed up a bit. Please be careful. Have a nice weekend <3
Source: Collector
