Bitcoin

The event is part of a broader pattern of political infighting in Southeast Asia, which occasionally triggers capital flight to safe havens. However, the Philippines is not a significant crypto hub, and its domestic political turmoil rarely moves global digital asset prices. The market is currently driven by macro factors like U.S. rate expectations and BTC dominance, not regional legal disputes.

The Philippines' Office of the Ombudsman filed a plunder case against former House Speaker Martin Romualdez, a cousin of President Ferdinand Marcos Jr.