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Bitcoin

Bitcoin pulled back sharply on Tuesday, slipping beneath the $117,000 threshold after lawmakers in the U.S. House defeated several cryptocurrency measures on a 196–223 procedural vote. The retreat cut its intraday gain of over $120,000 and reversed recent strength driven by large-scale inflows into spot bitcoin funds. Related equities also weakened in extended trading: shares of Riot Platforms and Mara Holdings shed roughly 3.3% and 2.3%, respectively, while Coinbase dipped about 1.5%. The outcome underscores how quickly digital‑asset markets can swing on the prospect of federal regulation.

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