Two events in the US Senate this week could add more fuel to that rally, according to 10x Research CEO Markus Thielen.
Thielen described the crypto legislation as the most significant of its kind in years, one that could bring long-awaited regulatory certainty to digital assets.
As for Warsh — widely seen as more hawkish on inflation than current Fed chair Jerome Powell — Thielen said his confirmation would clear away uncertainty rather than create it. Both events, he said, lean bullish for Bitcoin.
One of the central flashpoints is the Strait of Hormuz, a chokepoint through which roughly one-fifth of global oil trade passes.
Bitcoin’s Swing After Trump’s PostData shows that move wiped out over $60 million in short positions over a four-hour window.
Israeli Prime Minister Benjamin Netanyahu added that the war won’t conclude until Iran’s uranium sites are fully dismantled, further dimming prospects of a near-term resolution.
Hopes Fade For Early End To The ConflictPeace talks had been expected to make progress by Wednesday. Trump’s rejection of Iran’s proposal ended that possibility for now.
The conflict, which began 10 weeks ago, has shown Bitcoin behaving differently from traditional assets — rising even as geopolitical tension deepens, oil surges, and ceasefire talks collapse.
Featured image from The Leaflet, chart from TradingView
