BTC fell from $109k to ~$75k since Gensler left; FOMC pattern points to near‑term risk

Bitcoin now trades near $75k. It was around $109k when Gary Gensler exited the SEC in January 2025 according to Benjamin Cowen.

The expected “friendlier” regime didn’t lift prices. Cowen says confidence faded after Gensler, as influencers and politicians launched memecoins and rugs, pulling liquidity into speculation instead of core infrastructure source. Broader crypto weakness followed, with markets sliding under $77k during macro shocks like the oil spike NewsBTC.

Some now cheer Jerome Powell’s removal. Cowen warns of a repeat: short‑term celebration, long‑term credibility hit for the Fed NewsBTC. He argues markets may later prefer the old guard NewsBTC.

FOMC pattern points to local tops

Liquidity behavior around FOMC stays consistent, and short‑term bearish. Trader Max Trades notes BTC dropped after each of the last seven FOMC decisions X.

• Into March, price rallied into the meeting, swept local highs, and left liquidity below. A 13% correction followed, erasing most gains NewsBTC.
• Setup today looks similar. BTC sits just under higher‑timeframe resistance, adding confluence to a downside scenario X.
• If it repeats, another local top could form around the event. Recent analysis sees room toward $68k on a flush NewsBTC.