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 would negatively impact risk assets like bitcoin. Rising energy costs could also deter investors from allocating capital to speculative assets. Market risks are increasing, with WTI crude rising to $95 and government bond yields increasing across major economies. Some analysts are cautious, noting that the rally lacks broad-based support in the spot market and that the recent price increase is driven by demand in the perpetual futures market. The market capitalization of USDT has reached a record high, and speculation in non-serious tokens is increasing. The ratio between bitcoin's price and gold has been rising, with the potential for a bullish crossover, indicating a bullish shift in momentum.