Bitcoin Price BTC Drops Below $26.5K Continue As Investors Weigh Debt Ceiling, FOMC Final Minutes

Bitcoin recently traded at around $26,440, down roughly 3% over the past 24 hours and near its lowest level since May 12, when the largest cryptocurrency by market cap fell below $26,000. During this period, BTC struggled with low trading volume and volatility as markets grappled with the prospect of the US government defaulting on its debt and ongoing crypto-regulatory and macroeconomic uncertainties. Until Wednesday, Bitcoin held a range of $26,500 to $27,500.