Warren urges Fed, Treasury not to ‘bail out’ crypto amid Trump-linked firm concerns

💡 DMK Insight

Senator Warren’s comments on the government’s stance during this Bitcoin selloff are raising eyebrows—and here’s why that matters: With Bitcoin’s recent volatility, traders are on high alert. The uncertainty around government intervention could lead to increased selling pressure, especially if traders fear regulatory crackdowns. This sentiment can spill over into Ethereum, currently at $1,959.11, as traders often move in tandem between these major cryptocurrencies. If Bitcoin continues to slide, we might see ETH testing support levels around $1,900, which could trigger stop-loss orders and exacerbate the downturn. But here’s the flip side: if the government does step in with supportive measures, we could see a sharp rebound in both Bitcoin and Ethereum. Keep an eye on any upcoming statements from regulatory bodies or economic indicators that could sway market sentiment. For now, monitor the $1,900 level on ETH closely; a break below could signal further downside, while a bounce could present a buying opportunity for the brave.