Global markets are showing heightened caution ahead of Tuesday’s open as ongoing tensions in the Middle East drive a shift toward risk-off assets.

Now in its fourth day, the conflict is adding volatility to pre-market trading, with investors moving into the U.S. dollar and keeping a close eye on energy markets.

Bitcoin has dropped roughly 3% over the past 24 hours, falling below $67,000 after briefly reaching $70,000 on Monday. Equities are also under pressure: the Invesco QQQ ETF finished Monday slightly higher but is down about 2% in pre-market activity.

Precious metals are retreating. Gold remains above $5,300 per ounce, while silver has fallen roughly 4% to around $85 per ounce.

Energy markets are climbing, with WTI crude oil trading above $74 per barrel—up 5% over the past day and nearing Sunday’s futures highs just above $75.

The U.S. dollar is strengthening sharply, with the DXY index surpassing 99, its highest level since Jan. 20, as investors seek safe-haven assets amid uncertainty.

Treasury yields are rising across the curve. The 10-year U.S. yield is holding above 4% and pushing toward 4.1%, reflecting ongoing rate pressures.

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