Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Bitcoin traded near the $66,000 level on Friday, extending a period of subdued price action and heading toward a fourth consecutive weekly decline, as investors remained cautious amid broad weakness across global risk assets and ahead of key U.S. inflation data later in the day.
The world’s largest cryptocurrency was last down 1.1% at $66,464.6 by 02:24 ET (07:24 GMT), after dipping to session lows close to $65,000 on Thursday. On a weekly basis, Bitcoin was on track to lose nearly 6%, marking its longest losing streak in recent months.
Despite a brief rebound earlier in the week, Bitcoin has struggled to regain sustained upside momentum, pulling back toward last week’s support levels near $60,000. The price action reflects fragile sentiment and thinning liquidity as traders stay on the sidelines.
Risk-off mood weighs on crypto
Caution has spread across financial markets, with technology stocks on Wall Street sliding overnight and Asian equities also trading weaker on Friday. Renewed concerns over artificial intelligence-driven disruption sparked broad sell-offs in software and IT shares, as investors reassessed how automation and emerging AI tools could pressure traditional business models and long-term earnings.
The deterioration in risk appetite has weighed on speculative assets, including cryptocurrencies, which tend to be more sensitive to shifts in global sentiment.
Adding to the cautious tone, markets are awaiting the release of the U.S. Consumer Price Index report later on Friday. The data is expected to provide fresh clues on inflation trends and the future path of Federal Reserve interest rates.
Earlier this week, stronger-than-expected U.S. jobs data showed solid payroll growth and a lower unemployment rate, reducing expectations for near-term rate cuts. That report reinforced the “higher for longer” narrative around interest rates and contributed to subdued trading in Bitcoin and other risk-sensitive assets.
Regulatory developments in focus
On the regulatory front, the U.S. Commodity Futures Trading Commission announced the appointment of several high-profile cryptocurrency executives to its newly formed Innovation Advisory Committee. Members include Coinbase CEO Brian Armstrong, Ripple CEO Brad Garlinghouse, Robinhood CEO Vladimir Tenev, and Uniswap Labs CEO Hayden Adams.
The committee will advise the CFTC on emerging technologies such as blockchain and artificial intelligence, highlighting the regulator’s growing role in shaping oversight of digital asset and derivatives markets. The move comes as U.S. authorities seek clearer regulatory frameworks for cryptocurrencies, with the CFTC widely seen as a key player in future rulemaking.
Altcoins also under pressure
The broader crypto market remained under pressure alongside Bitcoin. Ethereum fell 1.3% to $1,944.76, while XRP declined 1.7% to $1.35. Solana slipped 2.3%, Cardano edged lower, and Polygon stood out with a 4% gain, bucking the broader risk-off trend. Dogecoin traded largely flat.
With inflation data imminent and global markets showing signs of stress, Bitcoin and the wider crypto market remain vulnerable to further downside, as investors wait for clearer signals on macroeconomic conditions and monetary policy.
