You are currently viewing First Mover Asia: Bitcoin Holds Below $27K Amid Macro Uncertainties

Good morning. Here’s what’s happening:

Prices: Bitcoin remains in the red as Asian markets open and investors consider U.S. debt ceiling woes and other uncertainties.

Insights: In an interview with CoinDesk, Market maker Flowdesk’s CEO sees opportunity in the U.S.

A Down Day for Bitcoin

As the Asian trading day opened, investors continued to mull over recent macroeconomic uncertainties that have plagued digital assets for more than 12 days.

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.

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