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Bitcoin Attempts to Break Range While Testing Highs of the Week

  • Largest cryptocurrency remains within its tight trading span
  • ‘Momentum is weak,’ said Securitize Capital CEO Daye
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Bitcoin briefly approached the highest levels of the week before pulling back as investors continue to debate the implications of rising borrowing rates for riskier assets.

The largest token by market value was little changed after earlier rising as much as 1.8% to $20,438. Ether and Polkadot both pulled back after each rose more than 3%. Other cryptocurrencies were mixed, with an index of 100 of the largest digital tokens added about 1%.