Investment
Features
FeesSafety
Academy
More
Pluang+

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

Market News
12 Oct 2026
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.

More News (BTC)

Bitcoin price steadies near $82,500 ahead of key US inflation data and Fed rate decision.

Bitcoin price steadies near $82,500 ahead of key US inflation data and Fed rate decision.

Bitcoin is trading around $82,500 as investors await the US consumer price index release on October 14, the last inflation data before the Federal Reserve's rate decision on October 28. Market expectations for a rate hike have dropped significantly, ...

Market News
Neutral
4 hours ago
Bitcoin's 13/34-week EMA crossover signals bullish trend for first time in 3.5 years.

Bitcoin's 13/34-week EMA crossover signals bullish trend for first time in 3.5 years.

Bitcoin's 13-week exponential moving average (EMA) crossed above its 34-week EMA on October 12, 2026, a bullish signal not seen in 3.5 years, indicating potential medium-term upward momentum. This crossover, highlighted by Raymond James analyst David...

Technical Signals
Bullish
5 hours ago
Bitcoin drops $25B in market cap amid sell-off fears and rising US bond yields.

Bitcoin drops $25B in market cap amid sell-off fears and rising US bond yields.

Bitcoin's market capitalization fell by over $25 billion within 24 hours, dropping to about $1.65 trillion on October 12, 2026. Analysts warn that Bitcoin could face further declines, potentially falling back into a price range between $60,000 and $8...

Analyst Insights
Bearish
5 hours ago
Bitcoin dips to $82,400 ahead of key U.S. inflation data, with $304M in crypto liquidations shaking traders.

Bitcoin dips to $82,400 ahead of key U.S. inflation data, with $304M in crypto liquidations shaking traders.

Bitcoin's price fell 1.5% to around $82,400 on October 12, 2026, as investors await crucial U.S. inflation reports due later this week. Crypto liquidations hit $304.24 million, affecting over 89,000 traders amid cautious market sentiment. Analysts hi...

Market News
Bearish
5 hours ago
Venice Token rises 4.46% amid mixed signals and market pressure after weekly drop

Venice Token rises 4.46% amid mixed signals and market pressure after weekly drop

Venice Token (VVV) rose 4.46% on October 12 after a 27% decline over the previous week, with trading volume up 128% and open interest increasing 8.5%. Despite this rebound, negative funding rates and weakening momentum indicators suggest selling pres...

Technical Signals
Neutral
5 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App