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Bitcoin climbed above $72,500 this week, hitting a fresh multimonth high. The move came as US stocks cooled and Washington escalated its rhetoric against Iran, warning of "economic warfare" in a campaign it called "Economic D-Day."

Bitcoin's push past $72,500

Bitcoin's rally took it past the $72,500 mark, a level not seen in months. The cryptocurrency's advance comes without any obvious single catalyst, though the broader macro backdrop is shifting.

Stocks cool off

US equities pulled back over the same period. The cooling in stocks stands in contrast to Bitcoin's strength, a reminder that the two markets don't always move together.

Washington's "Economic D-Day"

The US issued threats of "economic warfare" against Iran, framing the campaign as "Economic D-Day." The warning adds a geopolitical layer to the market picture, though its direct impact on crypto prices remains unclear.