Cryptocurrency markets were lower on Thursday amid concerns over the US debt ceiling. Bitcoin fell 1.4% to $26,790, while Ethereum hovered above the $1,850 level. Analysts predict a choppy crypto market in the coming weeks if the decision on the debt ceiling bill remains unclear. The global cryptocurrency market cap fell 0.79% in the last 24 hours to around $1.13tn. The market cap for Bitcoin stood at approximately $519bn with a dominance of 46.05%, according to CoinMarketCap. Technical analysis suggests Bitcoin is showing a slightly bearish trend.
