The US deploying more troops to Iran triggers market panic, with gold, silver, and US stocks plummeting rapidly, and Bitcoin breaking below the $70,000 key level

BlockBeats News, March 20th, according to Bitget market information, it was reported that the United States would deploy more troops to the Middle East, causing spot gold to drop to $4550 per ounce, down 2.19% intraday. Spot silver plummeted by 6.00% intraday, now trading at $68.45 per ounce. The US Dollar Index (DXY) rose over 0.5% intraday to 99.76.

In addition, the S&P 500 index's decline expanded to 1%, while the Nasdaq index was down 1.36%. Meanwhile, short-term interest rate futures prices indicate that the market expects the Fed to likely raise interest rates in December.

According to HTX market information, Bitcoin dropped below $70,000, now trading at $69,761.56.

Earlier reports stated that the US is currently deploying three warships to the Middle East and sending thousands of Marines to the region.