Bitcoin hits $35K following Biden's infrastructure deal reveal

President Joe Biden revealed that he had reached an agreement on a $953 billion bipartisan infrastructure spending plan with the Senate.

Bitcoin hits $35K following Biden's infrastructure deal reveal

Following the announcement, Along with the crypto market, traditional markets also rose to new highs.

Bitcoin price briefly traded above $35,000 as the stock market hit new highs after the news. 

BTC is trading at $34,300 as of now, up 4.90% over the past 24 hours, according to data from CoinMarketCap.

The S&P 500 and Nasdaq each rallied to new record intraday highs and closed the day up 24.65 points and 97.98 points respectively, while the Dow gained more than 322 points on the day. 

As one would expect, altcoins also surged higher as Bitcoin price and traditional markets moved higher. 

Ether (ETH) rallied back above the psychologically important $2,000 level, while Binance Coin (BNB) to $300 level. The overall cryptocurrency market is at $1.39 trillion, up 5.31% in the last 24 hours.

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