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Data suggests traders view $46,000 as Bitcoin’s final line in the sand By Cointelegraph


© Ink Drop

Dec. 13 will possible be remembered as a “bloody Monday” after (BTC) worth misplaced the $47,000 help, and altcoin costs dropped by as a lot as 25% inside a matter of moments.

When the transfer occurred, analysts rapidly reasoned that Bitcoin’s 8.5% correction was immediately linked to the Federal Open Market Committee (FOMC) assembly, which begins on Dec. 15.

Top cryptos weekly efficiency on Dec. 13. Source: NomicsOKEx USDT peer-to-peer premium vs. USD. Source: OKExTotal derivatives trade liquidations on Dec. 13. Source: Coinglass.comBitcoin perpetual futures 8-hour funding price. Source: Coinglass

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