Bitcoin rose slightly on Tuesday, recovering some of its losses over the weekend, although cryptocurrency markets remained within a limited range amid growing uncertainty regarding U.S. tariffs and their economic impact.
The world's largest cryptocurrency had dropped to $103,000 over the weekend, facing extended profit-taking after rising to record levels of nearly $112,000 earlier in May.
However, the cryptocurrency traded consistently lower after reaching new record levels, as traders sought more positive indicators to stimulate further buying. The purchase by Strategy (NASDAQ:MSTR), formerly known as Microstrategy, of Bitcoin worth approximately $75 million did not significantly boost sentiment.
Bitcoin rose by 0.5% to $105,319.2
