Due to the possibility that the US and Israel's attack on Iran could disrupt oil supplies, Wall Street is on high alert, preparing for a new round of inflation. This has led to a surge in US Treasury yields and delayed market expectations for a Federal Reserve rate cut. Former Treasury Secretary Janet Yellen warned that this conflict will cause the Fed to "stand more firmly pat" and JPMorgan Chase CEO Jamie Dimon warned that inflation could become a persistent problem. Bitcoin has risen amid uncertainty, but prolonged high interest rates could pose a challenge to the cryptocurrency bull market, risking a repeat of the liquidity-driven sell-off in 2022.

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