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Bitcoin struggles to break $80K amid heavy selling and awaits key Fed rate decision.

Market News
12 Sep 2026
Coinpaper
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Bearish
Bitcoin struggles to break $80K amid heavy selling and awaits key Fed rate decision.

Bitcoin is holding steady around $77,300 but faces strong selling pressure between $77,100 and $80,200, making a breakout above $80,000 challenging. The next major resistance is the 365-day moving average near $81,700, a level historically linked to bullish trends if surpassed. Institutional outflows from Bitcoin ETFs have intensified, with nearly $450 million withdrawn recently, adding to downward pressure. Investors now watch closely as a likely Federal Reserve rate hike next week could influence Bitcoin's direction, with support near $70,000 if the price falls further.

More News

Disc Medicine to webcast APOLLO Phase 3 trial results of bitopertin for erythropoietic protoporphyria

Disc Medicine to webcast APOLLO Phase 3 trial results of bitopertin for erythropoietic protoporphyria

Disc Medicine announced a webcast on October 19, 2026, to discuss topline results from its APOLLO Phase 3 trial of bitopertin, an investigational oral drug for erythropoietic protoporphyria (EPP). Bitopertin targets glycine transporter 1 to modulate ...

Market News
Neutral
14 minutes ago
AI's growing power demand may worsen, with Elon Musk planning orbital AI data centers powered by solar energy.

AI's growing power demand may worsen, with Elon Musk planning orbital AI data centers powered by solar energy.

Tech analyst James Altucher draws a parallel between the 1865 coal consumption surge and AI's increasing power needs, despite efficiency gains. He highlights Elon Musk's unique strategy of vertical integration, including plans to build AI data center...

Market News
Bullish
59 minutes ago
BitTorrent completes first BTT token burn, launching a new Web3 and AI infrastructure era.

BitTorrent completes first BTT token burn, launching a new Web3 and AI infrastructure era.

BitTorrent has completed its inaugural burn of BTT tokens, using 100% of decentralized service revenue to repurchase and permanently remove over 21.6 trillion tokens from circulation. This marks a key step in BitTorrent's long-term strategy to create...

Market News
Bullish
1 hour ago
Cardano's stablecoin holdings rise 31.1% to $70.2M, led by USDC at $44.54M

Cardano's stablecoin holdings rise 31.1% to $70.2M, led by USDC at $44.54M

Cardano's total stablecoin balances reached approximately $70.2 million as of October 18, marking a 31.1% increase over the past 30 days. The largest portion, about $44.54 million or 63.5%, is labeled as USD Coin (USDC), followed by Moneta’s USDM, Re...

Protocol Fundamentals
Neutral
4 hours ago
Solana's price drops to $103 with unusual daily volume spikes after months of cooling activity.

Solana's price drops to $103 with unusual daily volume spikes after months of cooling activity.

Solana (SOL) experienced a price decline from around $112 to $103, marked by several daily spot-volume spikes classified as "heating"—a first in about six months. Previously, from December to early June, SOL's volume mostly showed "cooling" signals a...

Technical Signals
Neutral
4 hours ago
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