LIVE – Bitcoin Price Cooked? Gensler 2.0 Fears as Fed Blocks Crypto Bank
Bitcoin fell below $73,000 as roughly $732 million in leveraged positions were liquidated. The sell-off was compounded by fears of a 'Gensler 2.0' regulatory regime and accusations that the Fed is blocking crypto banks. Traders are watching whether the liquidation cascade deepens and how banking access and regulatory risk evolve.