The crypto market turned choppy on March 6, with Bitcoin retreating after a strong rally while Ethereum held relatively firm around the US$2,000 mark.

Bitcoin slipped to about US$70,900, down roughly 2.5% on the day after briefly trading above US$72,000 earlier in the week, as traders locked in profits following a recent surge fuelled by renewed institutional demand and haven buying.

The world’s largest cryptocurrency had climbed nearly 20% from February lows near US$60,000, with inflows into spot Bitcoin exchange-traded funds helping push prices back above the US$70,000 threshold.

Meanwhile, Ethereum traded around US$2,085, largely steady over the past 24 hours as investors continued to test the psychological US$2,000…