Bitcoin cooled off in Asia hours on Thursday, trading at $68,600 after testing $70,000 during a ferocious U.S. session on Wednesday.
As February draws toward a close, the largest cryptocurrency remains in a trading range that has persisted since early in the month, having tested $62,500 on Tuesday and $71,100 to the upside on Feb. 15.
It’s worth noting that bitcoin broke a similar trading range to the upside in January, trapping breakout traders before the price tumbled from $98,000 to $60,000 over the subsequent three weeks, forming a lower high in this recent bearish cycle.
A few tokens outshone the broader altcoin market. HYPE is up 4.3% since midnight UTC as it moves back toward $30, while privacy token decred (DCR) rose…
