Bitcoin plunges below $19,000 amid economy worries

• The digital currency declined 5.7% at $18,978.60 and is down around 58% this year

Bitcoin fell below $19,000 on Thursday amid worries surrounding US economy due to soaring inflation and rising interest rates.

According to Coin Metrics, Bitcoin plunged 5.7% at $18,978.60 and is down around 58% this year.

The world’s largest digital currency has fallen about 72% from its all-time high in November of $68,990.90.