Strait of Hormuz closure boosts Bitcoin, silver appeal amid inflation fears

Persistent inflation and geopolitical tensions complicate monetary policy, reducing the likelihood of Fed rate cuts and impacting markets. The post US inflation data dims Fed rate cut hopes amid Iran conflict appeared first on Crypto Briefing.

The post Bitcoin (BTC) Struggles at $80K as April CPI Surges to Three-Year Peak appeared on BitcoinEthereumNews.com. Key Highlights April’s US CPI climbed to 3.8% annually, marking the steepest increase since May 2023 Surging energy prices contributed over 40% of April’s monthly inflation gain BTC maintained support around $80,000 while facing rejection at the $82,000–$82,600 zone The 200-day simple moving average near $82,600 serves as a critical barrier for bullish momentum Bitcoin ETFs recorded net outflows while the Coinbase Premium Index remained in negative territory Bitcoin maintained its position near the $80,000 mark on Tuesday following the release of April’s US Consumer Price Index, which registered 3.8% on a year-over-year basis. This represents the most elevated inflation reading since May 2023. Bitcoin (BTC) Price The month-over-month figure came in at 0.6%, aligning with analyst expectations. Meanwhile, the core CPI metric—which excludes volatile food and energy componen

The closure exacerbates geopolitical tensions, threatens global energy security, and prompts strategic shifts in market and trade dynamics. The post Strait of Hormuz closure disrupts oil supply, impacts WTI Crude pricing appeared first on Crypto Briefing.

The post Strategy adds 535 BTC – Still ‘buying the dip’ or something else entirely? appeared on BitcoinEthereumNews.com. Michael Saylor’s Strategy is in the news now after it accumulated an additional 535 BTC for $43 million. The new purchase happened at an average price of $80,340 per Bitcoin [BTC]. Thanks to this purchase, the total holdings of the largest Bitcoin digital asset treasuries (DATs) have reached 818,869 BTC – Worth $66.2 billion.  Source: BitcoinTreasuries.NET Strategy’s latest addition The firm also reported that it has achieved a BTC yield of 9.4% so far in 2026. This figure is not based on the performance of the Bitcoin market, but rather on the growth in shareholders’ exposure to Bitcoin per share. According to the figure, Strategy has effectively increased its Bitcoin holdings despite capital raise dilution. The average price of the total 818,869 BTC was $75,540. This occurred at a time when Bitcoin was trading at $80,791.33, following a slight decline over the prev

The post Indian Rupee ticks up as centre hikes import duty on Gold and Silver to 15% appeared on BitcoinEthereumNews.com. The Indian Rupee (INR) exhibits mild strength against the US Dollar (USD) in the opening session on Wednesday. The USD/INR pair trades mildly lower to near 95.60 as the Indian Rupee gains, following the increase in import duty on Gold and Silver to 15% from 6% by the Indian government. New Delhi raises import tariffs on precious metals to 15% India’s Department of Revenue under the Customs Act released a notification overnight that reflected a significant increase in the import tariffs on Gold and Silver to 15%. The notification also showed that Gold and Silver findings – small components such as hooks, clasps, clamps, pins, and screw backs used in jewellery manufacturing will now attract 5% customs duty. Market participants had anticipated that the Indian government could hike import duty on precious metals, in an attempt to curb imports of bullion to ease pressure

The post Former Crypto CEO Apologizes To Investors As $328M Fraud Claims Surface appeared on BitcoinEthereumNews.com. Former Crypto CEO Apologizes To Investors As $328M Fraud Claims Surface | Bitcoinist.com Sign Up for Our Newsletter! For updates and exclusive offers enter your email. Christian, a journalist and editor with leadership roles in Philippine and Canadian media, is fueled by his love for writing and cryptocurrency. Off-screen, he’s a cook and cinephile who’s constantly intrigued by the size of the universe. This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy. I Agree Source: https://bitcoinist.com/former-crypto-ceo-apologizes-to-investors-as-328m-fraud-claims-surface/

A Florida man accused of running a nearly three-year crypto investment scheme is speaking out — and saying sorry. Related Reading: Bitcoin Treasury Race Heats Up As Capital B Secures $18 Million Christopher Delgado, former CEO of Goliath Ventures, sat down for a televised interview this week to apologize to the people who lost money […]

The post Bitcoin Defies Inflation Woes, Returns to Uptrend appeared on BitcoinEthereumNews.com. Bitcoin demonstrated resilience amidst economic pressures, swiftly rebounding after a temporary dip sparked by high US inflation data. After the Consumer Price Index indicated a 3.8% year-over-year increase, Bitcoin briefly dropped to $79,879 but recovered to $81,208 the next day. Continue Reading:Bitcoin Defies Inflation Woes, Returns to Uptrend Source: https://en.bitcoinhaber.net/bitcoin-defies-inflation-woes-returns-to-uptrend