Bitcoin ends the week down more than 9% amid liquidity, regulatory woes

olemedia/e+ via Getty Images

Bitcoin (BTC-USD) and ether (ETH-USD) are on track to end the week lower by more than 9% amid low participation from institutional market makers as well as liquidity concerns stemming from ongoing regulatory investigations.

The top cryptocurrency crossed $28K after the release of the latest CPI report, which indicated that inflation was cooling down Y/Y, prompting the Federal Reserve to hold off on its rate hike at its June meeting. However, bitcoin (BTC-USD) later gave up its post-CPI gains to trade lower, seeing less participation from institutional market makers amid increasing regulatory scrutiny.


Recent Articles

Related Stories