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Crypto Daybook Americas
Bitcoin's Uptrend Faces Inflation Warning from Pentagon
Bitcoin's recent surge towards $80,000 has been met with uncertainty due to macroeconomic concerns. A Pentagon briefing to US lawmakers warned that clearing mines in the Strait of Hormuz could take at least six months, potentially keeping oil and gasoline prices high until the US-Iran conflict ends. This could lead to persistent inflation, limiting the Federal Reserve's ability to cut interest ra…
April 23, 2026, 11:14 a.m.
Crypto Daybook Americas
Bitcoin's Uptrend Faces Inflation Warning from Pentagon
As bitcoin appeared to gain momentum towards surpassing $80,000, macroeconomic concerns 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 at least six months and will only commence after the U.S.-Iran conflict ends. The briefing also cautioned that gasoline and oi…
April 23, 2026, 11:14 a.m.