Bitcoin has fallen below $63,000, marking its fourth consecutive day of decline, according to CoinDesk data. The cryptocurrency is currently trading around $63,100, its lowest point since February 6, when it hit $60,200. This downturn aligns with a broader risk-off sentiment in global markets, as U.S. equities have also declined and the dollar index (DXY) has risen by 0.5% since Monday. Bitcoin has decreased by 2.1% since midnight UTC and 4.7% over the past 24 hours. The altcoin market is similarly affected, with Bitcoin Cash dropping 11.5% in the last 24 hours and other altcoins like SUI, JUP, PUMP, and WLFI losing over 2%. Analysts describe the current market behavior as a "slow bleed," reminiscent of past bear markets. However, the average crypto relative strength index (RSI) indicates an "oversold" condition, suggesting a potential rebound in the low $60,000 range.