The approval of the debt ceiling increase by the US House of Representatives has affected the price of Bitcoin. But what does this mean?
- The price of Bitcoin moved upwards with news from the US.
- The US House of Representatives approved an increase in the debt limit of $1.5 trillion.
The approval of the debt ceiling increase by the US House of Representatives has affected the price of Bitcoin. But what does this mean?
The US House of Representatives Approves Debt Limit Increase!
Bitcoin had a turbulent day, rising to $30,000 during the day. Then, with the allegations of Mt Gox and the US transferring Bitcoin, there were sharp drops in the BTC price, and the price dropped to around $27,000. With the denial of these allegations, Bitcoin held above $28,000 again.
The information from the US House of Representatives had a positive impact on the market. According to the information, the US has approved an increase in the debt limit of $1.5 trillion.
With this news, the price of Bitcoin moved upwards and reached $28,739. But what does an increase in the debt limit mean?