According to Anas Alhajji, Iran's threat to close the Strait of Hormuz is largely rhetorical, as stated in his X post, reducing concerns over oil price spikes. TradingView data shows Brent oil erased early gains to trade at $77, with West Texas Intermediate (WTI) at $76.75, indicating minimal market disruption. ING analysts reported that the market doesn't expect flows to be blocked, lowering stagflation risks. Bitcoin BTC maintained support at $100,430 and rebounded above $101,000, suggesting potential avoidance of a sell-off in risk assets.

According to Michaël van de Poppe, a decrease in Gold, US10Y & US02Y yields, Brent, and DXY, combined with an increase in CNH/USD, suggests a bullish trend for Ethereum. Traders should monitor these indicators for potential risk-on market conditions, where investors are more inclined towards high-risk investments like cryptocurrencies.