First Mover Asia: Bitcoin Has Reached ‘A General Accumulation Phase’: Analyst

According to CoinDesk Indices, bitcoin was recently trading at $26,835, almost flat over the past four hours but down 1.2% from Wednesday. The biggest cryptocurrency seemed almost completely unaffected by the late-night US House vote on Wednesday to pass an increase in the debt ceiling that will ensure the government can pay its bills, at least in the short term. The Senate is likely to vote on the bill late Thursday night (ET).