#Liquidity101 Bitcoin fell on Thursday, remaining in a narrow range as appetite for cryptocurrencies was undermined by ongoing concerns over U.S. trade tariffs and worsening economic conditions.

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

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