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Bitcoin faces heavy selling as US Dollar Index hits 18-month high, pressuring crypto prices.

Market News
12 Oct 2026, 21:45 WIB
UToday
View Source
Bearish
Bitcoin faces heavy selling as US Dollar Index hits 18-month high, pressuring crypto prices.

Bitcoin is under significant selling pressure, dropping 1.62% in 24 hours to around $82,490 amid a surge in the U.S. Dollar Index (DXY) to an 18-month high above 102.50. The rising dollar, boosted by hawkish Fed policies and higher oil prices hurting other currencies, makes it harder for Bitcoin bulls to gain traction. Derivatives data shows aggressive short selling and long liquidations totaling over $54 million, indicating bearish sentiment and weak buying demand. Investors are closely watching upcoming U.S. CPI data, which could influence future Fed actions and Bitcoin's price direction.

Bitcoin trades at Rp1.474.799.665 on Pluang as of Oct 13, 2026 02:02 WIB, showing a 1.22% decline in the past 24 hours. The platform records a balanced order activity with 50% Sell and 50% Buy, indicating mixed investor sentiment. Typical holding time on Pluang is 111 days, suggesting a moderate-term investment horizon among users.

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