Bitcoin (BTC) price takes a slump, but prepare for real pressure in 48 hours, from U.Today

© Reuters Bitcoin (BTC) price takes a hit, but prepare for real pressure in 48 hours

U.Today – In a dramatic turn of events, the crypto market witnessed a sudden plunge in digital asset quotes, with the decline leading the way.

The price plunged more than 8%, plunging from $43,810 to $40,272 in less than an hour.

The shockwave resulted in an incredible $353.61 million in position liquidation across the market spectrum, surprising many optimistic investors.

Notably, 88.7% of liquidated positions alone were long positions, amounting to almost $100 million in the last 12 hours.

The calm before the storm

However, this could just be the calm before the storm for market participants as all eyes turn to Wednesday, December 13th on the calendar when the Federal Reserve will make a crucial decision on interest rates.

The crypto market, now more institutionalized than ever before, reacts strongly to such decisions, often more profoundly than traditional financial markets under the Fed's monetary policy.

Source: The upcoming economic turnaround is expected to send crucial signals to market participants and provide insights into the economic landscape in the coming month. Of utmost importance is the question of how long the era of expensive money will last and whether the “money printer” that catalyzed the exponential growth of the crypto market two years ago will get going again.

The last time the Federal Reserve made a similar decision on November 1, it recorded a 3% decline followed by a sharp 5.5% increase. Such market dynamics are not uncommon during these events and signal an impending market shakeout.

For inexperienced investors, the advice is clear: prepare for possible turbulence and consider giving up on the crucial day in 48 hours.

This article was originally published on U.Today

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