Bitcoin Recedes to $27K as Fed's Mester Favors Unabated Tightening

Bitcoin Recedes to $27K as Fed's Mester Favors Unabated Tightening

Futures tied to Wall Street's tech-heavy index Nasdaq fell by 0.38%, hinting at a negative open on Wednesday. The dollar index, which tracks the greenback's value against major fiat currencies, rose 0.27% to 104.40. Gold remained resilient, trading 0.2% higher at $1,962 per ounce.