Bitcoin's inflation quagmire gets stickier as renewed MidEast conflict sends oil price soaring

Bitcoin's inflation outlook is clouded by conflicting signals, with bond market breakevens falling while the New York Fed survey shows consumer inflation expectations rising to 3.7%. The renewed Iran conflict has sent oil prices higher, adding to the uncertainty. Fed Chair Kevin Warsh remains committed to bringing inflation down to 2%, leaving the central bank's next move unclear.