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On Thursday, the broader crypto market took a plunge after European Union (EU) lawmakers backed a proposal that will empower the EU with more control over the cryptocurrency space, specifically within the domain of crypto transfers. On Thursday morning (Asian trading hours), BTC penetrated several key support levels within the $44k to 46k zone after shedding a sizable 4.2% of its market value from 24 hours ago. As of the time of writing, the largest crypto by market cap is stabilizing above the $45k handle, with its upside potential temporarily capped near the $46.3k resistance level. If the $45k support doesn't hold, BTC may dip further to test the support levels within the $43k to $44k zone.