Bitcoin (BTC) blocked 4 times at $80,000 resistance...Filecoin (FIL) rallies 25% against the trend

▲ Bitcoin (BTC), Filecoin (FIL)/AI generated image

Filecoin (FIL) surged 25% in a single day to hit $1, while Bitcoin (BTC) held the $77,000 mark, entering a week packed with significant events.

According to crypto media outlet Cryptopotato on September 14 (local time), Bitcoin attempted to break past $80,000 multiple times last week but was repeatedly met with resistance. On Wednesday, it fell to $77,600, and on Thursday morning, it recovered to $79,600 twice, but its upward momentum was curbed after the Producer Price Index (PPI) announcement.

Volatility increased further immediately after the Consumer Price Index (CPI) announcement on Friday. Bitcoin dropped from above $77,000 to $76,000, then surged to $79,800 in about an hour. It then faced $80,000 resistance again, dropped to $76,400 over the weekend, and rebounded to nearly $78,000.

This week, decisions from the Federal Reserve (Fed) and a vote on the US cryptocurrency market structure bill are scheduled. Bitcoin's market capitalization recovered to $1.56 trillion, and its share of the total cryptocurrency market increased to 59%.

In the altcoin market, Filecoin's surge was notable. Filecoin soared 25% to reach $1, and BTW jumped over 32%, showing the highest growth rate among the top 100 cryptocurrencies. Ethereum (ETH) recovered to $2,500, and BNB maintained above $720. XRP rose over 3%, retesting the $1.40 resistance level. ZEC climbed 5% to rebound to $1,140, while XMR fell approximately 4%.

The total cryptocurrency market capitalization increased by 1% in one day, reaching $2.65 trillion. While Bitcoin defended the $77,000 level ahead of major policy events, Filecoin and BTW led the market rally with double-digit gains.

[Article Key Summary]

-Filecoin surged 25% in a single day to hit $1, showing strong growth among the top 100 cryptocurrencies.

-Bitcoin failed to break $80,000 again but rebounded, holding the $77,000 level.

-This week, the Fed's decision and a vote on the US cryptocurrency market structure bill are scheduled, drawing attention to market volatility.

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