#Gate广场四月发帖挑战 Oil prices rise 50%, gold drops 10%, Bitcoin — a one-day wonder—what’s going on in this market?

Bloomberg: Bitcoin falls alongside risk assets, as Trump issues a final ultimatum to Iran

As Tuesday approaches, BTC once again comes under downward pressure. With the final deadline Trump set on the Iran issue nearing, risk-avoidance sentiment heats up, and cryptocurrencies were not spared either. As of 7:20 a.m. London time, BTC is down about 2.2%, at $68,460, fully wiping out the previous day’s gains. And just yesterday, BTC briefly broke through the $70,000 mark for the first time since March, but the rally was fleeting. Other crypto assets also weakened in sync. ETH once fell 2.8%, and overall market sentiment remains subdued
The shadow of war looms, and stock markets fall in tandem
Trump previously threatened that if Iran does not open the Strait of Hormuz, the U.S. will strike its civilian infrastructure. As Tuesday’s deadline draws nearer, volatility in global stock markets increases, with S&P 500 index futures down 0.4%.
Meanwhile, news emerged that Iran rejected a ceasefire proposal, and the risk of escalation has generally led investors to take a wait-and-see approach..
Oil prices surge, while gold unexpectedly falls
Since the outbreak of the conflict, oil prices have continued to rise. Brent crude oil continued to climb on Tuesday, with its cumulative gains nearing 50%. Notably, gold did not rise as traditional safe-haven logic would suggest. Since the start of the war, gold has actually fallen by more than 10%, showing that the flow of safe-haven funds in the current market is undergoing a structural shift.

One-sentence summary: As the deadline nears, the market holds its breath. Whether it’s a ceasefire or escalation, short-term volatility will intensify, and investors need to buckle up.