Bitcoin (BTC) is trading at $62,710 on Tuesday, marking a 0.48% decline from the previous session's close.
The move underscores a persistent lack of directional momentum in the cryptocurrency market, with the asset struggling to break out of a narrow trading range that has defined price action over the past week.
Earlier in the week, Bitcoin held steady near the psychological $60,000 support level, trading at $60,364 on Thursday.
The latest session follows a modest recovery on Wednesday, when BTC briefly touched $62,689, up 0.59% from the prior day.
However, buying interest has since faded, leaving the digital asset vulnerable to renewed selling pressure.
The price action suggests that traders are hesitant to commit to new positions without clearer signals on macroeconomic conditions or regulatory developments.
Earlier in the week, Bitcoin held steady near the psychological $60,000 support level, trading at $60,364 on Thursday.