Bitcoin price today: slips to $67k, set for 4th weekly loss; January CPI cools

Bitcoin traded around $67,000 on Friday, extending its recent lethargy and looking set to record a fourth consecutive weekly decline as investors took a cautious stance amid broad weakness across risk assets.

The world’s largest cryptocurrency last traded 1% lower at $66,988.0 by 09:37 ET (14:37 GMT), after slipping to lows near $65,000 in the previous session.

Bitcoin was set to lose nearly 5% this week -- its fourth straight weekly fall. The token has struggled to find sustained upward momentum this week after bouncing off earlier lows, pulling back toward last week’s support near $60,000.

Bitcoin subdued amid global tech rout; US inflation cooled in January

Risk aversion has rippled through financial markets, with Wall Street’s technology stocks sliding overnight and Asian equities also faltering on Friday as broader selling pressures weighed on sentiment. 

Fears of artificial intelligence-driven disruption returned on Thursday, with broad sell-offs in software and IT shares as investors question how automation and new AI tools could undermine traditional business models and revenue streams.

Meanwhile, the latest U.S. Consumer Price Index (CPI) report on Friday showed that inflation pressures eased more than expected in January, offering tentative signs that the U.S. price backdrop may be stabilizing.

The consumer price index rose 2.4% from a year earlier, down 0.3 percentage points from December, according to data released Friday by the Bureau of Labor Statistics. The reading returns inflation to levels seen shortly after President Donald Trump announced sweeping tariffs on U.S. imports in April 2025.

Core CPI, which excludes food and energy, increased 2.5% on an annual basis, compared to economists’ expectations of 2.5% for both readings.

On a monthly basis, headline prices climbed 0.2% on a seasonally adjusted basis, while core prices advanced 0.3%. Economists had forecast 0.3% increases for both measures.

The softer-than-expected headline figure lifted market expectations for Federal Reserve easing. Futures traders increased the probability of a June rate cut to around 83%, according to CME Group’s FedWatch tool.

Earlier in the week, strong U.S. jobs data showed robust payroll gains and a lower unemployment rate, diminishing hopes of imminent rate cuts.

That report also tempered market optimism and contributed to subdued trading in bitcoin and other speculative assets.

Crypto executives join CFTC Innovation Advisory Committee

The U.S. Commodity Futures Trading Commission has appointed several leading cryptocurrency executives to its newly formed Innovation Advisory Committee, underscoring the agency’s expanding role in overseeing digital asset markets.

The panel includes Coinbase (NASDAQ:COIN) CEO Brian Armstrong, Ripple CEO Brad Garlinghouse, Robinhood (NASDAQ:HOOD) CEO Vladimir Tenev, and Uniswap Labs CEO Hayden Adams.

The committee is tasked with advising on emerging technologies such as blockchain and artificial intelligence as they intersect with derivatives and crypto markets.

The move comes as U.S. authorities work to clarify regulatory oversight of digital assets, with the CFTC widely expected to play a central role in shaping future crypto market rules.