U.S. Stocks, Crypto Plunge as Democrats Sweep Over AI Regulation Concerns U.S. stocks and cryptocurrencies fell amid concerns that Democrats' caucuses in both houses of Congress could lead to tighter regulation of the AI ​​industry. Democrats also plan to investigate Trump family business dealings, including crypto-related ventures. The Nasdaq was down 5.10%, the S&P 500 was down 3.43%, and the Dow Jones was down 2.41% in intraday trading. According to Binance market data, BTC fell 5.97% to $75,695.68, after hitting a low of $75,568, while ETH fell 7.29% to $2,247.74, having hit a low of $2,236.78. CoinGlass data shows that $879.92 million in crypto positions were liquidated over the past four hours, including $818.90 million in longs and $61.02 million in shorts. Over the past 24 hours, total liquidations reached $1.03 billion, affecting 198,192 traders, with the single largest liquidation occurring on Binances ETHUSDT pair at $10.94 million. - Link.

U.S. Stocks, Crypto Plunge as Democrats Sweep Over AI Regulation Concerns U.S. stocks and cryptocurrencies fell amid concerns that Democrats' caucuses in both houses of Congress could lead to tighter regulation of the AI ​​industry. Democrats also plan to investigate Trump family business dealings, including crypto-related ventures. The Nasdaq was down 5.10%, the S&P 500 was down 3.43%, and the Dow Jones was down 2.41% in intraday trading. According to Binance market data, BTC fell 5.97% to $75,695.68, after hitting a low of $75,568, while ETH fell 7.29% to $2,247.74, having hit a low of $2,236.78. CoinGlass data shows that $879.92 million in crypto positions were liquidated over the past four hours, including $818.90 million in longs and $61.02 million in shorts. Over the past 24 hours, total liquidations reached $1.03 billion, affecting 198,192 traders, with the single largest liquidation occurring on Binances ETHUSDT pair at $10.94 million. - Link.