First Mover Asia: Bitcoin Has Reached ‘a General Accumulation Phase’: Analyst

Bitcoin was recently trading at about $26,835, roughly flat over the previous four hours but down 1.2% from Wednesday, same time, according to CoinDesk Indexes. The largest cryptocurrency has seemed almost entirely unaffected by the Wednesday, late-night U.S. House vote to pass a debt ceiling increase that would ensure the government can pay its bills, at least short-term. The Senate will likely vote on the bill late Thursday night (ET).

Original Source: https://www.coindesk.com/markets/2023/06/02/first-mover-asia-bitcoin-has-reached-a-general-accumulation-phase-analyst/?utm_medium=referral&utm_source=rss&utm_campaign=headlines