Bitcoin Triggers Market Sell-Off

🔴After a strong rally to $107,000, Bitcoin suddenly dropped by $5,000, sparking a broad decline across the crypto market. Despite nearing its all-time high from January, BTC sharply reversed course, falling to $102,000 on the morning of May 19. The coin lost 0.7% in 24 hours, while the Fear & Greed Index remains in the “Greed” zone at 74 out of 100.

🔴The drop impacted altcoins as well: Ethereum fell by 4%, while Solana and Cardano declined by around 5%. Liquidations of long positions totaled $462 million, with leveraged ETH traders taking the biggest hit. Analysts highlight key Bitcoin support at $100,000, with $98,500 seen as a critical threshold.