• The US government has waited a while and avoided defaulting on its debt for now.

  • Now that the US debt ceiling appears to be rising, #bitcoin is looking more attractive.

  • #BTC price remains above the $27,100 level.

After a protracted battle, U.S. lawmakers reached a tentative deal to raise the debt ceiling and avoid a default for now. While House Republicans and the White House were able to agree to keep the US debt ceiling in place for now, the clock is ticking. The US Treasury expects its coffers to be depleted by June 5.