6/2, 10:30 PM (Source: TeleTrader)
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Bitcoin, Ether rise with US default averted

Prices of cryptocurrencies rose on Friday as investors drew optimism from United States Congress finally passing legislation to suspend the nation's debt ceiling. US President Joe Biden will hopefully sign the bipartisan bill tomorrow, according to the White House.

With the globe's biggest economy seemingly out of harm's way, some traders opted for digital currencies over assets traditionally seen as safe, which was noticeable after a selloff in gold and US bonds.

Bitcoin was up 1.58% to $27,243 at 4:30 pm ET. Ether advanced 2.46% to $1,908 at the same time.

Baha Breaking News (BBN) / MS