Today’s crypto market decline is part of a correction that started during the late New York trading hours on Dec. 15 when $BTC tumbled from an all-time high of $108,364 reached on Dec. 17 on Bitstamp.

BTC price dropped as much as 5% to an intra-day low of $103,173 on Dec. 18. The decline in BTC triggered panic selling among crypto investors, with cryptocurrencies dropping across the board.