Crypto

Bitcoin at highest level in over two weeks after US debt deal

Analysts said the climb was directly related to news of a deal on the debt ceiling

Crypto markets have partially rebounded, but remain well of record highs

Bitcoin climbed to its highest level in more than two weeks amid a boost to investor sentiment from a deal on raising the US debt limit.

The largest digital token added as much 3.2 per cent on Monday and was trading at $28,182 as of 9:32am in Singapore, oscillating around its 50-day moving average. Smaller tokens ranging from Ether to Binance Coin also posted gains.

The debt-ceiling deal between president Joe Biden and house speaker ...