Bitcoin continues to fall, drops below $19,000 as crypto market tumult continues

Bitcoin continued falling after breaking through the $20,000 mark on Saturday, plunging below $19,000 today amid a broader market downturn.

Bitcoin was trading at $18,426.46 on Coinbase via TradingView at press time.

Ether, the native cryptocurrency of the Ethereum network and the second-largest cryptocurrency by market capitalization, also saw its price continue to trend downward, as ETH was trading at $965.03.

The market developments come amid multiple crises in the crypto space. Celsius, a major crypto lender, halted withdrawals and transfers last week, and has since remained quiet about future steps. 

Crypto hedge fund Three Arrows Capital is facing insolvency after seeing its positions liquidated by multiple counterparties in the market. 


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