Crypto Market Faces Declining Prices and Weak Correlations Amidst US Debt Ceiling Debate.

Bitcoin's trading range continues to narrow, indicating uncertainty among market participants, while its market share continues to rise, suggesting it remains the safe haven digital asset for investors. The reduction in volatility coincides with a recent decrease in the aggregate amount of stablecoins being added to exchanges. BTC volume remains below its 30 day average by approximately 30% across exchanges. Despite the increase in BTC prices year to date, investors appear reluctant to look for additional alpha in smaller altcoins, using bitcoin instead as the safe haven asset within crypto markets.