Bitcoin faced selling pressure on Wednesday following comments from a top Federal Reserve official, Loretta Mester, who stated that there was no compelling reason to halt liquidity tightening. Mester also expressed support for another rate hike and a higher-for-longer stance. Bitcoin fell by nearly 2% to $27,021 after Mester's comments were published, while futures tied to the Nasdaq fell by 0.38%, indicating a negative open on Wednesday. The recent debt ceiling deal removes a "big piece of uncertainty" from the US economy, according to Mester.
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