Bitcoin BTC $ 69,460.83 drifted towards $69,000 as the Iran conflict escalated, affecting global markets. Oil prices remained the center of the action as investors pulled back from risk due to concerns about potential disruptions to energy infrastructure. Gold dropped 5% to around $4,500 an ounce, while silver fell 6.6% after weeks of gains. Meanwhile, the S&P 500 and Nasdaq slid nearly 1% in morning trading, both reaching fresh 2026 lows. The more notable move came from metals, with gold dropping to its lowest point since February. However, the drop in both gold and bitcoin points to a broader de-risking trend, rather than a shift towards safe havens.