The US is expected to reach a statutory debt ceiling next week, which could see the country defaulting on its obligations unless preventative steps are taken, Treasury Secretary Janet Yellen warned on Friday in a letter to House Speaker Kevin McCarthy.

Bitcoin surged above $20,000 on Saturday for the first time in two months, according to data from CoinDesk. Bitcoin, the world’s largest cryptocurrency by market capitalization, has rallied for 11 straight days to trade at $20,960 at around 06:40 GMT, a change of 11.3% over the past 24 hours. The token has displayed the best…

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