Bitcoin comes under some selling pressure as traders await update on debt-limit talks

Bitcoin ( BTC-USD ) slipped in Tuesday late afternoon trading, reversing the bulk of its gains made in the prior session, as traders braced for an update on debt-ceiling talks, headlined by U.S. President Joe Biden and House Speaker Kevin McCarthy. The token drifted down 1.8% to $26.94K at 4:07 p.m. ET, and ethereum ( ETH-USD ) decreased 0.6% to $1.81K, coinciding with a broader risk-off day across the stock market. Safer assets classes, including gold ( XAUUSD:CUR ) and Treasury bonds, faced downward pressure, too. Overall, the global crypto market cap edged down 1.3% to $1.13T, according to data from CoinMarketCap. Of course, most crypto-exposed stocks finished the session lower, including: Coinbase Global ( COIN ) -4.8% , MicroStrategy ( MSTR ) -3.2% , CleanSpark ( CLSK ) -6.5% and Marathon Digital ( MARA ) -3.4% . More on the Crypto Market European Union gives final approval for sweeping cryptocurrency legislation Why Buffett Never Bought Bitcoin: Fundamental Value For Cryptocurrency Bitcoin: Sell The Market (Technical Analysis)