Bitcoin BTC dropped below $69,000 on Thursday, marking a significant decline in risk assets. The largest crypto lost more than 3% from its overnight high of $71,000. Major altcoins including ether (ETH), XRP (XRP), Solana's SOL (SOL) and Cardano's ADA (ADA) also dropped significantly. Crude oil futures rose about 4, reinforcing concerns about inflation and supply disruptions tied to the Iran conflict. U.S. stocks were at session lows on the East Coast, with the Nasdaq's 1.4% decline. Meanwhile, all Magnificent Seven stocks are off double digit percentages from their all-time highs.