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

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© Ink Drop

Dec. 13 will likely be remembered as a “bloody Monday” after (BTCThe price of ) lost $47,000 and the altcoin market dropped as fast as 25% in a matter minutes.

When the move occurred, analysts quickly reasoned that Bitcoin’s 8.5% correction was directly connected to the Federal Open Market Committee meetingThe campaign begins on December 15.

December 13th, 2018, Top Cryptos Weekly Performance Source: Nomics
OKEx USDT peer-to-peer premium vs. USD. Source: OKEx
Total derivatives exchange liquidations on Dec. 13. Source: Coinglass.com
Bitcoin perpetual futures 8 hour funding rate Source: Coinglass