Bitcoin has lost 1.6% of its value in the last 24 hours, raising concerns about its stability. The cryptocurrency now risks dropping below the critical $62,000 mark. This decline comes as the Chinese government announces plans to ease economic stimulus measures, which could further impact global financial markets.

The reduction in stimulus could lead to decreased liquidity, affecting investor sentiment and potentially causing further declines in the cryptocurrency market. As regulatory pressures and economic uncertainties mount, the outlook for Bitcoin and other digital assets remains bleak.