Crypto Market Volatile as Bitcoin Prices Fluctuate Amidst Biden's Promise and Analyst Warnings.

Major cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, traded mixed on Wednesday evening despite the ongoing U.S. debt ceiling negotiations. Glassnode, a crypto analytics firm, suggests that the bear market for Bitcoin could be coming to an end, citing positive on-chain metrics. Meanwhile, meme-inspired cryptocurrencies such as DOGE and Shiba Inu have seen astronomical trading volumes, while PEPE, another crypto token born out of meme culture, has not yet achieved the same level of retail participation.