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 was hovering in a narrow range early on Wednesday before plunging below its recent $26,500 support. The market has been shaken by the current debt ceiling impasse and inflation and crypto regulatory concerns. Federal Open Market Committee minutes showing differences among US central bankers about whether further rate hikes will do anything, if anything, to calm markets – crypto or otherwise.