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Bitcoin briefly falls below $80,000 after hot US inflation print
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US consumer prices rose more than expected in April, sending stocks lower and pushing bitcoin briefly under the key $80,000 level before a modest recovery. The data reinforced bets that the Federal Reserve will hold rates steady.
Inflation figures released this week surprised markets with hotter-than-expected readings, yet major stock indexes and cryptocurrency prices showed little lasting reaction.
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Asian stocks fell alongside Wall Street after US inflation data showed faster price growth. Rising oil prices tied to conflict in Iran pushed Treasury yields higher and increased expectations for a Federal Reserve rate increase in 2027.
由于采购成本上涨导致供应紧张,Mizkan已暂停销售四款纳豆产品。该公司表示,中东地区的战争对预包装纳豆的生产造成了压力。
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Petrol prices in South Africa will increase by 14% and diesel by nearly 24% from Wednesday, 6 May, due to the ongoing Iran war. The Department of Mineral Resources and Petroleum (DMPR) announced the hikes amid rising global Brent crude prices. Temporary fuel levy reductions offer some relief.
Building on last week's surge past $100, crude oil prices crossed $110 per barrel on April 29 for an eighth straight session. The rally intensified on reports of possible U.S. plans to extend the naval blockade on Iranian ports, heightening fears of prolonged Middle East supply disruptions via the Strait of Hormuz.
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