The US troop buildup in Iran triggered market panic, causing gold, silver, and US stocks to fall rapidly, and Bitcoin to drop below the $70,000 mark.

03-20

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On March 20th, according to Bitget market data, spot gold fell to $4550/ounce after reports that the US would send additional troops to the Middle East, a drop of 2.19% on the day. Spot silver plunged 6.00% on the day, currently trading at $68.45/ounce. The US dollar index (DXY) rose more than 0.5% on the day, reaching 99.76.

In addition, the S&P 500 index fell by 1%, and the Nasdaq index is currently down 1.36%. Meanwhile, short-term interest rate futures prices indicate that the market expects the Federal Reserve to likely raise interest rates in December.

According to HTX market data, Bitcoin has fallen below $70,000 and is currently trading at $69,761.56.

Previous reports indicated that the United States was sending three warships to the Middle East and deploying thousands more Marines there.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.

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