Cryptocurrency23 Apr 2026SEO 801 min read

Analysis: Bitcoin's bullish momentum runs into Pentagon-backed inflation warning

What you need to know for April 23, 2026 Bitcoin’s latest push toward $80,000 stalled as rising oil prices, driven by risks around the Strait of Hormuz, tighte…

What you need to know for April 23, 2026 Bitcoin’s latest push toward $80,000 stalled as rising oil prices, driven by risks around the Strait of Hormuz, tightened financial conditions and stoked inflation concerns. Rising energy costs and higher government bond yields are weighing on risk assets, even as U.S.-listed spot bitcoin ETFs log their strongest week of inflows in a month. Analysts warned that bitcoin’s recent gains are being powered mainly by perpetual futures rather than spot buying,…

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