$BNB

Bitcoin rose slightly in Asian trading on Wednesday, supported by improved risk sentiment following a trade agreement between the United States and Japan, although the cryptocurrency remained in a consolidation phase after reaching record levels earlier this month.

The largest cryptocurrency in the world traded up 0.5% at $118,582.7 at 5:10 AM.

Bitcoin has remained in a limited range after rising to a record level above $123,000 last week. The gains were tempered as investors absorbed recent regulatory and macroeconomic developments.