Bitcoin slightly decreased on Friday, giving back some recent gains as risk appetite cooled amid uncertainty regarding the Federal Reserve's plans for interest rates and the upcoming release of key inflation data.
The world's largest cryptocurrency recorded moderate growth this week, as did broader crypto assets, after risk appetite was bolstered by a ceasefire between Israel and Iran, brokered by the United States, which appeared to hold as of Friday.
Reports of increased corporate purchases and institutional adoption also supported cryptocurrency prices.
Bitcoin fell by 0.1% to $106,770.0 as of 16:09 Moscow time. Although the cryptocurrency showed an increase of more than 5% for the week, it still failed to break out of the trading range of $103,000 - $105,000 that was observed for much of June.