Bitcoin slips below $67K as U.S. stocks decline and oil prices climb

Risk-off sentiment is building ahead of Tuesday’s market open as investors rotate into the U.S. dollar and closely monitor energy markets amid ongoing tensions in the Middle East.

Now in its fourth day, the conflict is injecting fresh volatility into global markets during Tuesday’s pre-market session, prompting a broader shift toward defensive positioning.

Bitcoin has fallen about 3% over the past 24 hours, slipping below $67,000 after briefly touching $70,000 on Monday. In equities, the Invesco QQQ ETF finished Monday slightly higher but is now down roughly 2% in pre-market trading.

Precious metals are also under pressure. Gold and silver have both declined, with gold still holding above $5,300 per ounce while silver has dropped another 4% to around $85 per ounce.

Energy markets are moving in the opposite direction. WTI crude oil has climbed above $74 per barrel, gaining about 5% over the past day and approaching Sunday futures highs near $75.

At the same time, the U.S. dollar is strengthening significantly. The DXY index has moved above 99, its highest level since Jan. 20, reflecting increased demand for the currency during periods of market uncertainty.

Treasury yields are also trending higher. The yield on the U.S. 10-year Treasury remains above 4% and is edging toward 4.1%, signaling continued pressure from elevated interest rate expectations.

Crypto-related stocks are broadly tracking bitcoin’s decline. Strategy (MSTR), the largest publicly traded corporate holder of bitcoin, is down about 2%. Coinbase (COIN) has dropped 5%, while Galaxy Digital has slipped around 3%. Meanwhile, AI-focused bitcoin miners IREN (IREN) and Cipher Digital (CIFR) are each down roughly 4% in early trading.