Bitcoin Surges Above $28K on Debt Ceiling Agreement in Asia

Bitcoin and Ether saw increases of 5% and 4.9%, respectively, as the White House announced a deal averting a debt ceiling crisis. Meanwhile, China released a whitepaper outlining suggestions for its Web3 policy, which focuses on enhancing the layers of infrastructure behind the internet and does not address cryptocurrencies. Asian stock markets also opened strongly on the news of the debt ceiling deal.