#CryptoScamSurge Bitcoin fell below $118,000 on Thursday amid profit-taking and large-scale fund movements, while traders are exercising caution ahead of the White House's upcoming report on cryptocurrency policy, which is set to be released at the end of this month, and assessing the developing regulatory framework.

The world's largest cryptocurrency was trading 0.6% lower at $117,780.9 as of 09:36 Moscow time.