Bitcoin was not too long ago buying and selling at about $26,440, off roughly 3% over the previous 24 hours and close to its lowest degree since Might 12 when the most important cryptocurrency by market capitalization dipped under $26,000. On this interval, BTC has been slogging by way of low buying and selling quantity and volatility as markets wrestle with the prospect of a U.S. authorities unable to pay its money owed and ongoing crypto regulatory and macroeconomic uncertainties. Till Wednesday, bitcoin had remained in a $26,500 to $27,500 vary.