Iran rejects nuclear limits, seeks sanctions relief and Strait of Hormuz reopening

What To Watch

• 1.BTC $68,500 — a sustained break below this key support level, which aligns with the 50-day moving average, signals a potential retest of $65,000 and a shift to a short-term bearish trend.
• 2.Stablecoin Dominance (USDT, USDC, DAI) — a significant increase in this metric (e.g., above 15% of total crypto market cap) indicates a flight to safety and reduced risk appetite among investors, potentially preceding a broader market correction.
• 3.Escalation of Middle East Tensions — if Iran's actions lead to a significant disruption of oil supplies through the Strait of Hormuz, global energy prices would surge, triggering inflationary pressures that could force central banks to maintain higher interest rates for longer, negatively impacting risk assets like crypto.