Bitcoin remains around $80,000 despite hawkish Fed policy, hotter inflation and a global tech stock selloff.

Cryptocurrency	Ticker	Price
Bitcoin	(CRYPTO: BTC)	$80,743.21
Ethereum	(CRYPTO: ETH)	$2,326
Solana	(CRYPTO: SOL)	$100.92
XRP	(CRYPTO: XRP)	$1.29
Dogecoin	(CRYPTO: DOGE)	$0.07936
Shiba Inu	(CRYPTO: SHIB)	$0.054959

Notable Statistics:

• Coinglass data shows 91,245 traders were liquidated in the past 24 hours for $421.7 million.       
• SoSoValue data shows net inflows of $137.3 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net outflows of $21.4 million.
• In the past 24 hours, top gainers include Hyperliquid, Pepe and Lighter.

Notable Developments:

Trader Notes:

Crypto Patel highlighted Bitcoin’s history of recovering from major bear markets to reach new all-time highs, identifying $40,000–$60,000 as a potential long-term accumulation zone.

He sees $500,000 as the next macro target, provided key support holds and bullish confirmation emerges.

KillaXBT identified Bitcoin’s FOMC wick high as a critical short-term resistance level. A strong breakout could trigger a squeeze toward $83,000, while failure to reclaim it risks a pullback to $79,000–$80,000.

A breakout above $83,000–$84,000 could open the door to $90,000.

Image: Shutterstock

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.