Bitcoin and Ether slipped in crypto market as global tension increased
Market reacted to Iran war situation and fresh inflation data from Japan
Bitcoin stayed near 77800 dollars after failing to break 78700 level
Ether traded near 2300 dollars with a small drop
Japan inflation rose in March
This increased expectations that Bank of Japan may move toward higher rates
Stronger yen can put pressure on risk assets
Oil supply concern increased due to Strait of Hormuz tension
Higher oil cost can raise inflation pressure worldwide
Market mood stayed careful
Traders are watching central banks and war news closely
A stronger yen can reduce risk appetite
Crypto market remains in wait and see phase.
BTC
77,557.35
-0.61%