Bitcoin rally is stalling as Japanese inflation adds to Iran war–driven market jitters
CoinDesk·4h ago·Neutral
What Happened
Bitcoin hovered near $77,800 Friday, struggling to break above Thursday's $78,700 as macroeconomic signals from Japan compounded market uncertainty. The uptrend that began in late March near $65,000 stalled Wednesday. Japan's Corporate Service Price Index rose 3.1% year-on-year in March, exceeding forecasts, while geopolitical tensions disrupted oil shipments through the Strait of Hormuz.
Key Entities
BitcoinEtherJapanIranCorporate Service Price IndexStrait of HormuzBank of Japan