Bitcoin, the world's largest cryptocurrency, briefly surpassed US$28,000 before dropping below that mark on Monday afternoon in Hong Kong. Ethereum led gains among the top 10 non-stablecoin cryptocurrencies, rising by 2.8% in the 24 hours leading up to 4 p.m. in Hong Kong. U.S. stock futures and European bourses gained while Asian markets were mixed, following a tentative agreement between U.S. President Joe Biden and House Speaker Kevin McCarthy to raise the debt ceiling. The total crypto market volume rose by 56.34% to US$33.67 billion, with total crypto market capitalization gaining 2.04% to US$1.16 trillion in the last 24 hours.
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Bitcoin Drops Below $28,000 As Other Cryptocurrencies Rise and US Debt Ceiling Agreement Boosts Investor Appetite
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