Bitcoin dipped to $66,000 on Friday, extending its recent lethargy as the cryptocurrency looked set to record a fourth consecutive weekly decline. The world's largest digital asset last traded 1.1% lower at $66,464.6 after slipping to near $65,000 in the previous session. Bitcoin's weekly loss approached 6%, struggling to find sustained momentum after bouncing from earlier lows.

Risk aversion rippled through financial markets, with Wall Street's technology stocks sliding and Asian equities faltering. Investors remain cautious ahead of the U.S. Consumer Price Index report, which could provide fresh insight into inflation trends and Federal Reserve policy. Strong U.S. jobs data earlier in the week showed diminishing hopes of imminent rate cuts, contributing to subdued trading in speculative assets.

The U.S. Commodity Futures Trading Commission appointed several leading cryptocurrency executives to its Innovation Advisory Committee, including Coinbase CEO Brian Armstrong and Ripple CEO Brad Garlinghouse. Most altcoins also traded lower, with Ethereum down 1.3% to $1,944.76 and XRP falling 1.7% to $1.35. The broader risk-off environment left few digital assets untouched as market participants awaited key economic data.