Bitcoin experienced a sharp decline today, briefly crashing below $62,000. This marks its lowest point since the outbreak of the Iran conflict and the lowest level seen since February 6th.

By 12:20 on the 4th, over 270,000 positions across the global cryptocurrency market had been liquidated, with total liquidation volumes reaching $1.615 billion.

Since the beginning of this year, Bitcoin has accumulated a decline of more than 26%. Compared to its all-time high of over $126,000 recorded in early October last year, the price has now fallen by approximately 50%.