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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InBitcoin (BTC) reached a new record peak above $79,000, driven by robust momentum and ETF inflows totaling $1.5 billion. However, new inflationary pressures are emerging as oil prices rise due to shipping risks in the Strait of Hormuz. The Pentagon stated that clearing the Strait could take at least six months, sustaining global market uncertainty and potentially impacting risk appetite. While short liquidations exceeded $200 million, analysts warn that rising inflation expectations could influence the Fed's policy path. Technical stability now requires a multi-day close above $80,000 to confirm the trend change. Investors remain cautious, monitoring the $73,700 support level as geopolitical tensions introduce fresh volatility into the macro environment.