Bitcoin reaches highest level in over two weeks as investor sentiment boosts from US debt limit deal.
Bitcoin jumps to more than two-week high on relief over US debt ceiling
The largest digital token saw a 3.2% increase before pulling back to trade at $28,006.
Bitcoin's five-day winning streak provides some relief after a tough quarter affected by liquidity issues and US regulatory actions.
While crypto markets have rebounded from last year's crash, they remain below record highs, including Bitcoin's peak of nearly $69,000 in 2021.
Smaller tokens like Ether and Binance Coin also experience gains but fall from intraday highs.
Increase in treasury yield and expectations of US monetary tightening pose potential challenges.