Bitcoin and other top crypto tokens moved higher on Thursday as the investors shrugged off the potential turbulence from the US debt ceiling negotiations and its ripple effects on crypto. US President Joe Biden declaring that the country will not default on its debt, boosted morale. Bitcoin was back in green and rose more than a per cent and remained comfortably above the $27,000 mark. Its largest peer, Ethereum, was trading flat but remained above $1,800. Price action in the altcoin space was mostly on the positive side in the early hours. The global cryptocurrency market cap was trading higher, rising up to the $1.14 trillion mark.
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