Bitcoin on track to end week over 9% lower amid liquidity, regulatory woes

Bitcoin (BTC-USD) and ether (ETH-USD) are on track to end the week over 9% lower amid liquidity concerns stemming from lower participation of institutional market makers as well as ongoing regulatory scrutiny. The top cryptocurrency crossed $28K after the release of the latest CPI report. Bitcoin (BTC-USD) is weakening as the dollar surges and Wall Street grows nervous over a handful of macro risks. The overall crypto market cap totaled $1.12T, up 0.5% over Thursday, according to CoinMarketCap. The BRC-20 craze appears to fade, with the total BRC-20 market cap falling to ~$460M from over $916M earlier this week, according to OrdSpace.

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