The US Senate passing the Biden-McCarthy debt ceiling deal has led to a recovery in both the crypto and stock markets, with Bitcoin and Ethereum prices rising over 2%.
The US nonfarm payrolls are expected to show a lower increase in May, potentially allowing the Federal Reserve to skip an interest rate hike this month.
As a result, benchmark treasuries and the US dollar have dipped, while global stock markets have rallied. Altcoins have also risen higher, with ETH price trading 2% higher at $1,891.
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