Bitcoin Below $75K, AI CRASH & Democrat Crypto Crackdown?
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Bitcoin has fallen below $75,000 after Democrats swept both chambers of Congress, threatening the crypto industry's regulatory ambitions and casting fresh doubt over the CLARITY Act. An initial post-election rally quickly reversed as tech stocks suffered their worst crash since COVID, triggering another wave of crypto liquidations.
Meanwhile, Democratic lawmakers are calling for tighter AI regulations and restrictions on data centre construction, raising questions about the future of the AI spending boom. A hotter-than-expected US jobs report added 165,000 jobs, reviving fears of another Fed rate hike. With Elizabeth Warren potentially taking control of the Senate Banking Committee, crypto could also face a new wave of investigations and regulatory pressure.
We'll break down Bitcoin's key price levels, what the Democratic sweep means for crypto and AI, whether the market sell-off has further to run, Louis with live TA, tweets of the week, dates for your diary and much more.
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📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
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