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Panic sell in crypto market, over 100K investors liquidated as Bitcoin drops to $18.5K

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For the first time in more than 60 days, the flagship crypto has fallen below $19K. Bitcoin seems to be losing value among investors for a variety of reasons. The asset’s decline is, as usual, directly associated with the performance of the American stock market. Stocks were lower today after a tumultuous trading session, in part because of concerns that the Federal Reserve will keep raising interest rates.

For the past day, 103,741 traders were liquidated, the total liquidations come in at $364.74 million. The largest single liquidation order happened on Okex – BTC-USDT-SWAP value $2.57 million

In the wake of a cryptocurrency sell-off that once more drove the sector’s total market value below $1 trillion, bitcoin is on the verge of testing this year’s lows.

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