Bitcoin's Stagnation Continues Amid Debt Ceiling Concerns and Investor Caution.

Bitcoin remains below $26.5K as investors weigh the U.S. debt ceiling stalemate and the latest FOMC minutes, which showed U.S. central bankers divided on a continuation of interest rate hikes. The UK's latest Consumer Price Index (CPI) rising to 6.8% in April, above the expected 6.2% and its highest point since 1992, also spooked investors. Most major cryptos spent Wednesday firmly in the red, with LTC and SOL tumbling more than 5.2% and 3.6%, respectively. The CoinDesk Market Index fell 2.8%, and the CoinDesk Bitcoin Trend Indicator remained in downtrend territory.