Bitcoin retreated for the second day as traders took profits after briefly surpassing $70,000, following gains spurred by encouraging U.S. inflation data.
Bitcoin’s price fell for the second consecutive session as investors secured profits after it recently rose above $70,000 on the back of an upbeat U.S. inflation report. The rally on February 15 had pushed the total cryptocurrency market capitalization beyond $2.4 trillion before profit-taking prompted the pullback.