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← ArchiveDaily BriefingGenerated 06:03 UTC

Monday, 27 April 2026 · No. 26

Hormuz blockade sustains oil-driven inflation as Bitcoin stays range-bound near 78000 dollars.

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The Lead

The US blockade of the Strait of Hormuz cements oil prices above 95 dollars per barrel. Reuters This locks in commodity inflation that severely limits central bank easing for the rest of 2026. Bitcoin drifts in neutral territory near 77800 dollars as safe haven capital bypasses it completely for gold. Network health tells another tale entirely with hashrate stabilization near 923 exahashes per second confirming miners hold firm conviction. Hashrate Index The ignored contradiction is how this operational strength produces zero pricing power amid thin liquidity that leaves the range exposed. Bearish derivatives add to the fragility if exchange flows turn positive and confirm distribution. One question hangs over the entire setup. How long can network resilience withstand these macro headwinds before holders force a resolution lower?

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