Bitcoin Price Drops Below $75K Following SEC Decision

The price of Bitcoin has fallen below the critical $75,000 level following a decision by the US Securities and Exchange Commission (SEC) to delay a proposed framework tied to tokenized US stocks.

The SEC's decision has triggered a selloff across crypto markets, with over $500 million in futures positions liquidated. The price of Bitcoin dropped 3.6% over the past 24 hours, while Ethereum fell more than 3%. Several altcoins also posted significant losses, including SUI, which dropped nearly 18%.

The delay has disappointed traders who viewed tokenized real-world assets as one of crypto's biggest growth narratives for this year. However, analysts believe that the current decline may be a short-term washout rather than a full market collapse.