$ETH The positive news sparked a brief rebound in the market. Will ETFs see net inflows tonight, or will fresh money enter the market when U.S. stocks open?

Iran’s decision to drop its demand for tolls in the Strait of Hormuz has undoubtedly given dormant major cryptocurrencies a shot in the arm! At the very least, it has eased some of the market’s current panic.

Iran is clearly making concessions this time, willing to give up its claims to control the Strait of Hormuz and charge tolls in exchange for the U.S. lifting its blockade and unfreezing $8 billion in funds. This is positive news for global energy markets, which is why oil prices have just pulled back. It’s the fundamental reason behind the rebound in major cryptocurrencies.

But don’t celebrate too soon. This is not yet a formal peace agreement, and Israel and the Houthis could still disrupt things at any moment. Don’t mistake a temporary ceasefire for lasting peace!

The key thing is whether fresh money enters the market after U.S. stocks open tonight—that’s what matters most!