$BTC Bitcoin dipped sharply—momentarily sliding over 5 % to the low‑$103 k range—after Israel launched airstrikes on Iran. Multiple outlets report a risk‑off flight from crypto; investors dumped BTC along with equities while buying traditional havens like gold, which rose ~1 %

Technical analysts note, however, that BTC then rebounded to roughly $105 k, bouncing off its 50‑day moving average—a pattern reminiscent of the October 2024 Israel–Iran flare‑up, which led to an ~80 % rally by year‑end… Some observers, like Raoul Pal, argue Bitcoin’s trajectory today is driven more by global liquidity trends than geopolitical headlines—highlighting an 89 % correlation with M2 money supply.

Still, debates continue: Peter Schiff maintained that BTC doesn’t act like “digital gold” during crises!

Separately, the Trump Treasury team, led by Secretary Scott Bessent, has rolled out the “One Big Beautiful Bill” (OBBB). It would make 2017 tax cuts permanent, boost child tax credits by $500, and set up $1 k “Trump Accounts” for newborns plus generous business incentives including full expensing for manufacturing.

The bill also proposes reviving Fannie Mae/Freddie Mac via partial IPOs under conservatorship, However, critics—ranging from the IMF to economists like Summers—warn it could inflate deficits by over $3 tn, stoke inflation, and burden national debt. Treasury warns failure to pass by July 4 could risk historic tax hikes or even financial instability…

In sum, Bitcoin shows resilience after a geopolitical-driven dip, while Trump’s treasury blueprint aims for tax stimulus and financial reform but draws pushback over long-term fiscal risks.