Crypto wrap: US debt ceiling negotiations keeping market on the toes

The cryptocurrency market has remained flat owing to uncertainty around negotiations on the US debt ceiling. According to experts, inflation in the United Kingdom and concerns around regulations are also factors behind the market cap remaining largely unchanged.

According to data from coinmarketcap, Bitcoin is down 1.46 per cent in the last seven days and was trading at $26,445 on Friday. Ethereum was up 0.26 per cent during the period, trading at $1,813 on Friday. The total market cap was down to $1.1 trillion from $1.2 trillion last week.