Bitcoin has experienced a 4.1% drop in value over the past week, currently trading at $25,644, which is below the $27,000 resistance level. This is due to concerns over debt ceiling negotiations and regulatory uncertainty in the United States, causing BTC to hit a 30-month low. The total value locked across DeFi protocols has also decreased by 3.65% in the past 24 hours. The digital assets market has been showing bullish signals this year, but recent trends suggest it may be heading towards its first bad month of 2023.
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