Investing.com – Bitcoin traded sideways Thursday as traders awaited further catalysts to determine direction.
Bitcoin fell 0.40% to $6,722.7 on the Bitfinex exchange.
Bitcoin was restricted to a narrow trading range as a lack of meaningful data left traders uncertain as to the popular crypto's next big move.
Sentiment on cryptos have been roiled by numerous cyberattacks on crypto exchanges and regulatory uncertainty, prompting traders to cut their bullish bets on cryptos, wiping billions from the market.
The total market cap of cryptocurrencies fell to about $285 billion, at the time of writing, from $289 billion Wednesday and is well below the more than $800 billion market cap seen at the peak of the crypto rally in December last year.
Large-cap cryptos continued to take their cue from Bitcoin, as they struggled to pare losses.
Ripple XRP fell 1.94% to $0.53146 on the Poloniex exchange, while Ethereum fell 2.08% to $524.43.
Bitcoin Cash fell 2.12% to $868.90, while Litecoin fell 2.14% to $96.48.