Bitcoin's Rally Stalled Under Dual Pressures, Japan's Inflation and Geopolitical Conflicts Become Key Variables

BroadChain learned that at 14:16 on April 24, Bitcoin showed weak upward momentum after hitting $77,800, with the rebound momentum that started from $65,000 significantly weakening. Ethereum is reported at $2,300, with a 24-hour decline of approximately 0.8%, underperforming Bitcoin. Market pressure mainly comes from two aspects: Japan's March corporate services price index rose 3.1% year-on-year, exceeding expectations, with core inflation accelerating, sparking speculation that the Bank of Japan may signal a rate hike at its next meeting.

The strengthening of the Japanese yen could trigger the unwinding of carry trades in global risk assets. Meanwhile, the ongoing Iran conflict continues to disrupt oil transportation through the Strait of Hormuz, with WTI crude oil futures surging over 40% since the conflict began to $96 per barrel. The U.S. Department of Defense warns that clearing naval mines will take at least six months, potentially maintaining global inflationary pressures and further limiting the Fed's room for rate cuts.