"This Is The Big Fight!" Bitcoin Battered As Sen. Warren Unveils Bill To "Crack Down" On Crypto

Bitcoin was hit with a double-whammy today with a large liquidation of longs overnight (around $100 million)...

Additionally, data from the statistics resource CoinGlass had cross-crypto long liquidations for the day stood at over $400 million.

And then another leg lower as US Senator Elizabeth Warren introduced legislation to address her concerns surrounding the alleged misuse of digital currencies in illicit activities, citing money laundering, drug trafficking, sanctions evasion, and more.

Which smashed BTC down to test support just above $40,000...