Crypto Price Today: Bitcoin rises above $27,900 amid optimism over US debt ceiling deal

Cryptocurrency markets experienced positive trading on Monday as hopes for a US debt ceiling agreement increased. Bitcoin gained 2.55% and reached $27,927, while Ethereum exceeded $1,900. If Bitcoin manages to clear the $28,500 resistance level, it could continue to rise. The total volume in DeFi was 6.83% of the total crypto market 24-hour volume, with the volume of all stablecoins at $30.6bn, equivalent to 91.07% of the total crypto market 24-hour volume. The global cryptocurrency market cap rose by 2.04% in the last 24 hours to approximately $1.16tn.