Recall that last week, due to the impending crisis and the risk of default, BTC fell by 2.8%. After the announcement of an agreement on the debt ceiling in the United States, the main cryptocurrencies increased in price.
The CEO of the cryptocurrency fund manager BitBull Capital said that it is not yet clear whether the growth of BTC will continue and whether the coin will be able to reach the $30 thousand mark. The expert also noted that the range from $22 to $25 thousand is a reliable support for bulls.
Stock markets in Asia also opened with positive news. In Japan, the Nikkei 225 rose 2% in the first 30 minutes of trading, and the Australian ASX 200 – by 1.18%.
The Beijing authorities at the weekend released a Web3 technical document outlining proposals on China’s policy regarding the development of the digital economy. The document hardly mentions tokens and cryptocurrencies. Recall that since 2021, China has banned the mining and trading of BTC, instead the government is promoting the digital yuan. The technical document confirms that the country does not plan to lag behind the global trend of digital assets, but at the same time adheres to a special development model.