Bitcoin (BTC) drops below $19,000

On October 11, the cryptocurrency market experienced its latest dump as Bitcoin (BTC) dropped below the $19,000 mark, bottoming at $18,950. Similarly, other major altcoins also dropped by 3-5% compared to 24 hours ago.

In the past 12 hours, the amount of derivative orders liquidated was 128 million USD, with long orders accounting for 90%. The cause of the latest dump is believed to be the effect of the US stock market before the time when the world’s largest economy releases its latest inflation data on October 13.