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Bitcoin

This event fits into a pattern of escalating US-Iran rhetoric that historically has had only fleeting effects on crypto, often overshadowed by macro forces like interest rates and liquidity. The market is currently pricing in a bearish macro outlook (BTC -12.43% weekly), and this political theater is unlikely to reverse that trend unless it signals a broader escalation that threatens global stability.

The US House of Representatives passed a symbolic measure to halt further military action against Iran, and President Trump criticized the vote as unpatriotic.