Bitcoin (BTC) continued its slightly downward consolidation on Tuesday, slipping just below $27,000 as investors kept close attention on the debt ceiling negotiations in Washington.
The largest cryptocurrency by market capitalization was recently trading at $26,950, down roughly 1.3% for the day, according to CoinDesk data. Over the past 24 hours, BTC’s price has been range-bound between $26,800-$27,400.
Bitcoin price chart showed that the cryptocurrency’s price hovered below $27,000 on Tuesday. (CoinDesk)
While Treasury Secretary Janet Yellen warned that the U.S. is projected to breach the debt limit as early as June 1 and said a default “could lead to a recession,” several analysts believe
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