Why is Bitcoin price down today? By Cointelegraph

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(BTC) price has seen a gradual decline in its bullish momentum to hit a new monthly low at $16,736 on Dec. 3.

The move follows a market-wide decline that has already set BTC capitulation records in the aftermath of the FTX-induced contagion.

BTC correlation to equities. Arcane Research
Bitcoin realized profit and loss. Source: Glassnode
Grayscale BTC holdings. Source: Coinglass
Real BTC-USD Daily Volume. Source: Arcane Research