Bitcoin Falls to Pre-Iran Conflict Low as Crypto Slide Ex…

The content discusses the recent decline in Bitcoin's value, which has fallen below $62,000, marking its lowest level since the onset of the Iran conflict. This drop of more than 5% comes amidst broader market sentiment issues due to renewed clashes in the Middle East and reflects a larger trend where Bitcoin has lost about 16% in value over the past week. The decline was exacerbated following the sale of approximately $2.5 million of Bitcoin holdings by Michael Saylor’s Strategy Inc.

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By Suvashree Ghosh and Ryan Weeks

June 3, 2026 at 9:18 PM EDT

Updated on June 3, 2026 at 10:23 PM EDT

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Bitcoin sank to its lowest level since the outset of the Iran conflict as renewed clashes in the Middle East weighed on wider market sentiment.

The original cryptocurrency fell more than 5% to below $62,000 in early Singapore trading on Thursday, its lowest level since Feb. 6. The losses extend a bruising week that has seen the token shed about 16% of its value, a slide that began after Michael Saylor’s Strategy Inc. sold about $2.5 million of its giant Bitcoin holdings.

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Bitcoin Falls to Pre-Iran Conflict Low as Crypto Slide Extends