Bitcoin's price fell by 1.4% to $102,460 due to worries about the US economy, with trading volume surging by 94%, indicating increased selling pressure. Moody’s downgrade of the US credit rating to Aa1 and a class-action lawsuit against Strategy have added to Bitcoin's challenges. The US credit downgrade on May 16 and fears of inflation have contributed to the decline in Bitcoin's price. The lawsuit against Strategy, a major Bitcoin holder, has raised doubts about the company's financial stability. The drop in Bitcoin's price on May 19 led to significant liquidations in the derivatives market, with over $87 million in long positions liquidated. The open interest in Bitcoin has also risen sharply, signaling a growing bearish trend. Traders are advised to be cautious and conduct thorough research before making investment decisions. Read more AI-generated news on: https://app.chaingpt.org/news

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