Bitcoin drops near US$26,000 amid U.S. debt uncertainties
All top 10 non-stablecoin cryptocurrencies fell, as investors assess macro sentiment.
All top 10 non-stablecoin cryptocurrencies fell, as investors assess macro sentiment.
Bitcoin dropped 2.33% to US$26,671. Ether lost 2.15% but traded above US$1,800.
Top 10 non-stablecoin cryptos traded mixed, while investors continue to assess U.S. debt talks.
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Bitcoin gained 1.71% and Ether climbed 2.35%. Polygon gained the most in 24 hours followed by Tron.
The top 10 non-stablecoin cryptocurrencies, including Bitcoin and Ether, were up across the board as U.S. Fed rate talks and debt negotiation outcomes remain unpredictable.
Bitcoin traded below US$27,000 in Monday afternoon trade in Asia.
Bitcoin fell below US$27,000 on Sunday, dipping further Monday morning in Asia as wider macro developments continue to weigh.
Bitcoin traded below the US$27,000 mark for most of the week, as investor sentiment was weighed down by the prospect of the U.S. government’s potential default. Investors will be closely monitoring the ongoing debt ceiling negotiations.
Bitcoin and Ether fell during afternoon trading in Asia, along all other top 10 non-stablecoin cryptocurrencies by market capitalization, excluding XRP.