Iran oil shipments plunge amid tightening US blockade of Strait of Hormuz

What To Watch

• 1.BTC $67,500 — a sustained break below this key support level, which has held multiple times, would signal a loss of bullish momentum and likely lead to a retest of $64,000.
• 2.Stablecoin Dominance (excluding Tether) — a sustained increase above 15% would signal a flight to safety and a reduction in risk appetite, indicating potential further crypto market downside.
• 3.Escalation of Strait of Hormuz blockade — if the blockade leads to a significant and sustained spike in global oil prices (e.g., WTI above $90/barrel), it would fuel inflation fears, potentially forcing central banks to maintain higher interest rates for longer, negatively impacting risk assets like crypto.