#BTC

Bitcoin price today: stable at $106k amid trading and tax uncertainties

Bitcoin slightly declined on Wednesday, continuing to move within a limited range as ongoing uncertainty regarding U.S. trade deals and the impact of a massive tax bill continues to weigh on risk appetite.

The world's largest cryptocurrency remains in a trading range of $103,000 to $108,000, which has been observed for most of June, with recent purchases by major corporate owner Strategy, formerly known as Microstrategy (NASDAQ:MSTR), having little effect on prices.

Bitcoin fell by 0.6% to $106,321.4 as of 09:14 Moscow time. Although the coin still holds a gain of 3.5% since the beginning of June, it is struggling to break out of the recent trading range.

Translated with DeepL.com (free version)