According to CoinDesk, the crypto market weakened broadly on Friday, with BTC hovering around $77,800, as the upward momentum that began from $65,000 on Wednesday notably slowed. ETH was trading at $2,300, down approximately 0.8% over the past 24 hours, underperforming BTC. The market is under pressure from two main factors: First, Japan's March corporate services price index rose 3.1% year-on-year, exceeding expectations, while core inflation also accelerated. Market expectations suggest that the Bank of Japan may hint at a rate hike during its next policy meeting, and a stronger yen could trigger the unwinding of carry trades in global risk assets. Second, the ongoing conflict in Iran continues to disrupt oil shipments through the Strait of Hormuz. WTI crude futures have risen over 40% since the war began, reaching $96 per barrel. The U.S. Pentagon has warned that clearing naval mines could take at least six months, suggesting global inflationary pressures may persist, further limiting the Federal Reserve’s room for rate cuts.