BTC price's bullish momentum runs into Pentagon-backed inflation warning
CoinDesk
Bitcoin's price rally faces resistance as Pentagon warnings regarding potential long-term energy inflation and interest rate pressures impact risk asset sentiment.Summary
Bitcoin's momentum toward the $80,000 mark has encountered headwinds following a Pentagon briefing suggesting that energy and oil prices may remain elevated due to the ongoing U.S.-Iran conflict. These persistently high costs threaten to keep inflation sticky, potentially limiting the Federal Reserve's ability to cut interest rates, which negatively impacts risk assets like Bitcoin. While U.S. spot Bitcoin ETFs continue to see inflows, some analysts warn that the current rally is primarily driven by perpetual futures markets rather than spot demand, increasing the risk of a correction.
(Source：CoinDesk)