Bitcoin falls below $19,000, further shaking crypto markets

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Bitcoin dropped 6.1% to $18,866.77 at 2004 GMT on Thursday, putting the biggest and best-known cryptocurrency down $1,226.41 from its previous close and down 60.9% from the year's high of $48,234 on March 28.

Several big players in the cryptocurrency markets have had difficulties, and further declines could force other crypto investors to sell holdings to meet margin calls and cover losses.

Ether , the coin linked to the ethereum blockchain network, dropped 7.5% to $1,016.08 on Thursday, losing $82.38 from its previous close. Both digital assets have struggled since U.S. based lender Celsius Network this month said it would suspend withdrawals. Bitcoin and ether were further rattled by the apparent insolvency of crypto hedge fund Three Arrows Capital, which a person familiar with the matter told Reuters has entered liquidation.

 

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Is it because all the criminals that were laundering money through this shit are now having their assets frozen? Or is it the other criminals who started this shit and realise now their scam is starting to become more understood so they selling out too or a mixture of both?

انخفضت بيتكوين Bitcoin بنسبة 6.1 ٪ إلى 18،866.77 دولارًا يوم الخميس ، مسجلا انخفاض العملةالمشفرة-الأكبر والأكثر شهرة 1226.41 دولارًا عن الإغلاق السابق وهبوطًا بنسبة 60.9 ٪ عن أعلى مستوى لهذا العام عند 48234 دولارًا في 28 مارس.

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