Investors sold stocks, especially shares of banks, and other risky assets ahead of the U.S. jobs report on Friday. Bitcoin has lost 9% over the last 24 hours, dropping below $20,000, a level the cryptocurrency hasn’t fallen below since mid-January. On Thursday, $250 million in long positions in bitcoin was liquidated, according to data from Coinglass. The wider crypto market also fell on Friday, after a week of interest-rate fears and the collapse of crypto-focused Silvergate Bank.
Source: https://www.coindesk.com/markets/2023/03/10/first-mover-americas-bitcoin-battered-as-markets-spiral/?utm_medium=referral&utm_source=rss&utm_campaign=headlines