According to external media comments, there was a rebound in the encryption market at the beginning of May, with a brief recovery of $82,000 from Bitcoin, which then fell back to a range of $62,000 to $63,000. According to the article, the round was not sustained and was still accompanied by geo-conflicts and macro-pressures.
After higher, the money turns to the outwards.
It is mentioned that the market has seen more visible financial outflows since October 2025. At that time, Bitcoin had just risen to an historic high of $12.608 million, after which risk had improved. The article attributed this change to the rise in macro-uncertainties and the rise in global geographical tensions.
By way of brevity, markets are not weakened by price reversals alone, but are subject to changes in the external environment after high levels. When the risk asset is under pressure, the encoded asset is also repulsed.
Oil prices and inflation become new sources of pressure
According to the article, the market was again under pressure after the United States hit Iran in February 2026. The Straits of Hormuz were once affected, resulting in global energy supply strains, higher oil prices and further inflation data.
The background cited is that inflation in the United States rose to 4.2 per cent in May 2026. In this case, the Fed chose to maintain the interest rate. According to the article, inflation was above the target of 2 per cent, and interest rates were difficult to lower, weakening the market ' s support for risky assets, and the encryption market was again frustrated.
Recovery in 2026 depends on the situation in the Middle East
In response to the follow-up, the article argues that a more complete repair in 2026 remains at the core of the situation in the Middle East. Despite the peace agreement reached last week between the United States and Iran, progress has remained fragile. The report mentions the withdrawal of the Iranian side from negotiations following the renewed escalation of the Israeli-Lebanese conflict, which has regenerated the prospects for a ceasefire.
The article concludes that if the conflict between the United States and Iran continues, the Straits of Hormuz may again be at risk of closure. If oil prices continue to rise, import-inflationary pressures on the global economy will increase further, and risk asset sentiment may continue to be under pressure, making it difficult to speed up the pace of repairing the encrypted market.