Bitcoin BTC Price Edges Below $28K as Investors Eye US Debt Ceiling Progress

“Up to now, bitcoin has moved in lockstep with liquidity,” Dessislava Ianeva, analysis analyst at crypto information agency Kaiko, advised CoinDesk. Ianeva famous that quantitative tightening (QT), which normally occurs when the central financial institution appears to cut back its stability sheet, “was partially offset by the Treasury spending its money on the Fed and Financial institution Time period Funding Program, however that push is now exhausted.”