Posted 12/13/2023, 3:07:19 AM
Crypto Prices Drop Ahead of Fed Meeting; Over $156M in Liquidations as Bitcoin Correction Expected
- Bitcoin, Ethereum, and Dogecoin prices dropped ahead of FOMC meeting where interest rates expected to remain unchanged
- Over $156 million in crypto liquidations over last 24 hours, largest single order $2.11M on ETH-USD-SWAP on OKX
- Analysts suspect Bitcoin correction underway but expect a bounce within 24 hours
- Altcoin Sherpa says possible further Bitcoin price drop before pullback complete, but overall still bullish long-term
- Increase in Tether stablecoins on exchanges a positive sign for bullish traders