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Crypto Daybook Americas
Bitcoin's Uptrend Faces Inflation Warning from Pentagon
Bitcoin's apparent momentum towards breaking $80,000 has been hindered by macroeconomic uncertainty. The Pentagon warned US lawmakers that clearing mines in the Strait of Hormuz could take at least six months and that gasoline and oil prices may remain high until the US-Iran conflict ends. This could lead to persistent inflation, limiting the Federal Reserve's ability to cut interest rates, which…
April 23, 2026, 11:14 a.m.
Crypto Daybook Americas
Bitcoin's Uptrend Faces Inflation Warning from Pentagon
As bitcoin appeared poised to break through the $80,000 threshold, macroeconomic uncertainty has resurfaced as a significant obstacle. A classified briefing by the Pentagon to U.S. lawmakers revealed that clearing mines in the Strait of Hormuz, a crucial oil chokepoint, could take a minimum of six months and will only commence after the U.S.-Iran conflict is resolved. The briefing also cautioned …
April 23, 2026, 11:14 a.m.