Analyst Says Gensler Exit Hurt Crypto Trust, Warns Powell Could Too

Widely followed analyst Benjamin Cowen said in an X post Thursday that crypto’s slide since early 2025 tracks a deeper loss of trust that began after Gary Gensler left the SEC, with Bitcoin falling from $109,000 then to about $75,000 now. His warning goes beyond crypto: he says cheering Jerome Powell’s exit from the Federal Reserve could create the same kind of credibility problem in traditional markets. …