When geopolitical conflicts erupt, crude oil prices rise, the stock market crashes, and BTC also trembles. Who exactly are these safe-haven assets protecting against?

CoinWorld News: Bitcoin price has fallen back to $63,000, with the current trading price around $62,899.28, down from the Sunday high of $63,776. Due to escalating military conflicts between Iran and Israel, Asian stock markets have plummeted, with South Korea's KOSPI index dropping over 6.8%. Meanwhile, WTI crude oil futures rose by more than 3%, reaching $93.50. U.S. President Donald Trump called for restraint and said he has asked Israeli Prime Minister Benjamin Netanyahu "not to retaliate." In an interview with Axios, he stated, "Israel has already struck, Iran has also struck, we don't need to do it again."