Bitcoin experienced a sharp decline on Thursday, falling below its lowest level in over a month before slightly recovering to $74,453. This downturn led to the liquidation of $160 million in total positions, with $151 million in long positions affected within four hours. The market turbulence coincided with an explosion at the Port of Abadan in Iran around 5:00 AM Beijing time, which activated air defense systems. Additionally, U.S. military officials announced readiness to launch an attack on Cuba. Meanwhile, U.S. equities closed higher, with the Dow Jones Industrial Average rising 0.36%, the S&P 500 gaining 0.02%, and the Nasdaq Composite increasing 0.07%.