Bitcoin's recent uptrend has slowed, with the cryptocurrency trading around $77,800, as market pressures mount. The slowdown follows a surge from $65,000 earlier in the week. Ethereum also saw a decline, trading at $2,300, down 0.8% over 24 hours. The market is reacting to Japan's March Corporate Services Price Index, which rose 3.1% year-over-year, surpassing expectations and raising the possibility of a Bank of Japan rate hike. Additionally, the ongoing conflict in Iran is disrupting oil transportation through the Strait of Hormuz, pushing WTI crude futures up over 40% to $96 per barrel. This situation is contributing to global inflationary pressures, potentially limiting the Federal Reserve's ability to cut rates.