Bitcoin

The approval signals bipartisan consensus on border security spending, which could reduce near-term political gridlock risk. However, it adds to the growing U.S. fiscal deficit, potentially pressuring the dollar and indirectly supporting hard assets like Bitcoin as a hedge against debasement. The bearish macro sentiment dominating crypto markets right now is driven by interest rate fears and risk-off positioning, not this fiscal event.

US Senate approved $70 billion in funding for immigration agencies including ICE through the end of Trump's term.