BTC price drops over $1,000 from its overnight highs amid 'overheated' derivatives markets.
Bitcoin eats away at upside which followed the Federal Reserve interest rate announcement, with BTC price action over $1,000 lower.The largest cryptocurrency had hit new 18-month highs of $35,968 on Bitstamp before consolidating — a process which was gathering momentum at the time of writing.
The Fed opted not to change rates at the latest meeting of the Federal Open Market Committee, or FOMC, on Nov. 1.
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