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Bitcoin showed resilience as the US Senate narrowly passed a $4.5 trillion bill, sparking a quick rebound after an initial dip. The legislation, which includes major tax cuts but no crypto-specific provisions, triggered volatility across digital assets.
- Bitcoin swung 1.3% ($1,400) around the Senate's 51-50 passage of a $4.5 trillion bill with VP Vance's tiebreaker.
- Over $219 million in crypto liquidations occurred, with Bitcoin positions accounting for $60 million of the squeeze.
- Crypto stocks outperformed Nasdaq as MicroStrategy rose 3.2% and Coinbase gained 2.3% post-vote.
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