Bitcoin’s value has dipped to $26,362, which is a decrease of 3.1% over the past 24 hours. Despite a steady holding pattern for some time, the cryptocurrency recently fell below its $26,500 support early on Wednesday. The decrease in price can be attributed to various factors including an ongoing debt ceiling stalemate, inflationary fears, and regulatory concerns surrounding the crypto market. The tense environment was not helped by contrasting opinions amongst U.S. central bankers regarding further rate hikes, as outlined in Federal Open Market Committee minutes. These concerns have affected the crypto market just as much as all the others, meaning bitcoin‘s future is blurred in great uncertainty.