First Mover Asia: Bitcoin Holds Below $27K Amid Macro Uncertainties

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.