Bitcoin resumed its pullback in mid-afternoon trading on Tuesday after failing to break above a key multi-day resistance level.
At 3:46 p.m. ET, the cryptocurrency was down 2.1 percent at $26,800 after hovering in the $275,000 range for most of the day on cautious optimism following the latest round of debt-ceiling talks.
Other major digital tokens include: ethereum down 1.5% to $1,800, cardano down 2.5%, dogecoin down 3.9%, and polygon down 4.1%. Of course, those losses dragged down the value of the entire crypto market, which fell 1.7 percent to $1.11 trillion, according to CoinMarketCap.
In other risk areas, all three major U.S. stock indexes held up, with the tech-heavy Nasdaq up 1.2 percent, the biggest gain, as House Speaker McCarthy told reporters that a deal to raise or suspend the debt ceiling could come as soon as possible. Achieved this weekend.
