Fed urges Wall Street to back capital rules, Bitcoin market steady

Federal Reserve Vice Chair for Supervision Michelle Bowman urged Wall Street to back proposed capital rules, warning against seeking exemptions. Markets have shown little immediate reaction: the Polymarket contract betting Bitcoin will dip to $60,000 in April trades at ~1.3% YES, while an S&P 500 April 23 contract sits at 0.1% YES (down sharply from 60% the prior day). The article notes the proposal could loosen capital requirements, boosting banks’ lending capacity and liquidity — a dynamic that could support risk assets including Bitcoin — but current prediction-market liquidity is thin. Key market metrics: modest trading volumes, differing book depth (BTC contract relatively thin vs. highly reactive S&P contract), and potential for shifts if further Fed comments or institution endorsements arrive.