#CircleIPO Bitcoin fell on Thursday, remaining in a narrow range as appetite for cryptocurrencies was undermined by ongoing concerns over U.S. trade tariffs and deteriorating economic conditions.

The world's largest cryptocurrency dropped 0.7% to $104,696.4 as of 09:47 Moscow time, as it failed to gain momentum after hitting record highs at the end of May. Increased profit-taking has also weighed on Bitcoin in recent weeks.

Broader cryptocurrency prices mostly followed Bitcoin's lackluster performance, showing only slight gains, even as U.S. tech sector stocks, which typically set the trend for cryptocurrencies, rose in recent sessions.