Bitcoin was recently trading at $26,362, down about 3.1% over the past 24 hours. The largest cryptocurrency by market capitalization had been hovering in a narrow range before dipping below its recent $26,500 support early Wednesday. Markets have been roiled by an ongoing debt ceiling stalemate and inflationary and crypto regulatory concerns. Federal Open Market Committee minutes showing a difference of opinion among U.S. central bankers about further rate hikes did little if anything, to soothe markets – crypto or otherwise.
Source: https://www.coindesk.com/markets/2023/05/25/first-mover-asia-bitcoin-holds-below-27k-amid-macro-uncertainties/?utm_medium=referral&utm_source=rss&utm_campaign=headlines