Crypto Market Cap Reaches $1.16 Trillion as Imminent Debt Ceiling Vote Boosts Market

05/29 11:25

The cryptocurrency market has seen a 2% increase today after a lackluster performance in May. Bitcoin has surpassed the $28k mark for the first time this month. This rally is attributed to an agreement between President Biden and the House leadership on the United States' debt ceiling, which has sparked optimism among investors. The total cryptocurrency market cap has also reached $1.16 trillion for the first time this month, with most coins and tokens trading in the green zone.
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