Bitcoin falls below $27,000 as U.S. regulatory crackdown pressures crypto's biggest market makers

Crypto prices slid on Thursday as investors weighed a news report about two of the biggest institutional liquidity providers dialing back their crypto-trading businesses in the U.S.

[Bitcoin fell nearly 3% to $26,937.29, according to Coin Metrics, while [ether

lost 3.1% to trade at $1,793.82. They’re on pace to end the week down more than 8% and 9%, respectively.