Bitcoin Retraces Back Below $89,000 as Traders Unsure of Next Move

Markets are mixed on Thursday morning as cryptocurrencies failed to extend Wednesday’s short-lived rebound. Bitcoin and Ethereum traded slightly higher on the day, though prices remain range-bound after recent volatility.

The total cryptocurrency market capitalization stands at about $3.05 trillion, up 2% over the past 24 hours. Bitcoin (BTC) climbed about 1% in the last 24 hours, trading around $88,200 at press time after failing to hold above the $90,000 level.

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