Bitcoin surged about $2,000 from lows near $76,300 back above $78,000 due to a wave of forced liquidations of short positions totaling around $66 million. This rebound followed a Federal Reserve interest rate hike that initially pushed Bitcoin below $76,000. The move was driven mainly by short covering rather than new buying interest, making its sustainability uncertain. Holding above $78,000 could boost broader crypto market sentiment, while a drop might weigh on altcoins.
Following Bitcoin's recent surge triggered by short liquidations, on Pluang BTC trades at Rp1.389.706.631 as of Sep 18, 2026 17:54 WIB, marking a 2.47% gain in the last day. The market shows strong buying interest with 70% of order activity on Pluang being buys, and Bitcoin's circulating supply stands at 20.1 million out of a total 21 million BTC. Typical holding time among Pluang users is 109 days, indicating a moderate-term investment horizon.
Bitcoin has shown resilience by holding near $78,000 despite several negative factors including the Federal Reserve's first rate hike in over three years, the failure of the Clarity Act in the Senate, rising oil prices, and a stronger US dollar. Hist...
Bitcoin recovered to just below $78,000 after a brief dip, marking its third straight day of gains amid a broader crypto rally. Major altcoins like Hyperliquid's HYPE, Zcash's ZEC, and Solana's SOL saw significant increases of 11%, 8%, and 6% respect...
Bitcoin's price briefly dipped below $75,000 but quickly recovered, staying within a bullish flag pattern. Key indicators like the Golden Cross of the 50-day and 200-day SMAs support a potential upward trend reversal. If Bitcoin breaks above the curr...
Ethereum traded near $2,445 after briefly dipping below $2,400, amid a Federal Reserve rate hike of 25 basis points to 3.75%-4.00%. This rate increase, driven by inflation and strong economic data, pressured crypto markets, contributing to $520 milli...
Bitcoin climbed above $77,400 following the Bank of Japan's decision to raise its benchmark interest rate by 25 basis points to 1.25%, the highest in about 31 years. The yen weakened after the rate hike, which was approved by a 7-2 vote amid inflatio...
