Iran asserts control over Strait of Hormuz, oil prices rise

What To Watch

• 1.BTC $67,500 — a sustained break below this key support level, which aligns with the 50-day moving average, would signal a potential retest of $64,000 as short-term bullish momentum wanes.
• 2.Stablecoin Dominance — a significant increase above 15% would indicate a flight to safety and reduced risk appetite among crypto investors, suggesting capital is being pulled from volatile assets.
• 3.Escalation of Middle East Conflict — if the Strait of Hormuz situation leads to sustained oil price spikes above $100/barrel, it would fuel global inflation, forcing central banks to maintain higher interest rates for longer, thereby dampening risk asset appetite including crypto.