Crypto Price Today: Bitcoin rises above $27,900 amid optimism over US debt ceiling deal

The cryptocurrency markets were trading higher on Monday amid optimism over the US debt ceiling deal. Bitcoin (BTC) rose 2.55% to $27,927, while Ethereum (ETH) was above the $1,900 level.

“Most cryptocurrencies traded in green over the weekend after markets reacted to the White House announcing that a deal to avert a debt ceiling crisis has been reached on one side and the release of higher-than-expected latest personal consumption data from the US on the other side,” Edul Patel, Co-founder and CEO at Mudrex, said.