US inflation can stall crypto comeback
Last Updated on 12 April 2026 by CryptoTips.eu
Today is April 12th already, and the monthly return for Bitcoin is green with a gain of around 5%. If we can maintain this, it will be a second consecutive month, and Bitcoin will be well on its way to closing out ‘crypto winter’ and (normally speaking) preparing for a new long bull run. However, rising inflation and higher oil prices could put a brake on this promising outlook.
Inflation
The monthly inflation figure for March in the US was released Friday evening. As expected, inflation shot up in March amid the war between the US and Israel against Iran. Prices rose by 3.3% year-on-year, and analysts warn that this is just the beginning.
That rise is the largest in nearly two years and the first real indicator of the impact of the conflict on American consumer prices. Americans saw a 21.2% increase in gasoline prices. Airline tickets were already 14.9% more expensive than a year earlier.
Oil
Oil prices may have fallen after Trump announced a two-week ceasefire, but remain very high nevertheless. Even after the announcement of the agreement, the price of US crude oil was still 10% higher than before the conflict and nearly 30% higher than at the beginning of the year.
If inflation comes in higher next month as well and oil continues to trade above $100 per barrel, this combination is likely to put a brake on investors, who would likely go back into risk-off mode.
Bitcoin, which is still seen as a risky investment, therefore depends on geopolitics once again.
