The cryptocurrency market traded lower on Feb 11, with Bitcoin and Ethereum both retreating amid cautious sentiment and thinning liquidity.

Bitcoin fell about 2%, slipping below the closely watched US$70,000 level as selling pressure persisted. The world’s largest cryptocurrency traded between an intraday high near US$70,100 and a low just under US$68,000, signalling heightened volatility as bulls struggled to regain momentum.

Ethereum underperformed Bitcoin, sliding more than 4% and hovering around the US$2,000 mark. The weaker showing dragged the Ethereum/Bitcoin ratio lower, reflecting continued investor preference for Bitcoin over major altcoins amid risk aversion.

Overall, market sentiment remained cautious, with…