Cryptocurrency

Avalanche

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Perhaps due to the major escalation in the Middle East on Saturday evening, bitcoin’s impressive rally was halted at $82,000, and the asset has lost almost two grand since then.
Most larger-cap alts have followed suit, led by the two largest privacy coins. Both ZEC and XMR have slumped by around 8%, while RAIN, NEAR, and UNI have posted losses of up to 5%.
<h2 id="btc-stopped-at-82k">BTC Stopped at $82K</h2>
It was a very intriguing week for the entire crypto market. The kick-off came on Tuesday when the highly anticipated cloture vote on the CLARITY Act <a href="https://cryptopotato.com/breaking-us-senate-fails-to-advance-crypto-clarity-act-heres-what-this-means/" rel="noopener noreferrer nofollow">failed</a> in the US Senate. BTC’s price reacted with an immediate leg down, even though it was mostly expected, and <a href="https://cryptopotato.com/bitcoins-price-plunges-to-75000-as-senate-votes-against-advancing-crypto-clarity-act/" rel="noopener noreferrer nofollow">slumped</a> to a three-week low of $75,000.
The Fed took the main stage a day later when it <a href="https://cryptopotato.com/breaking-fed-raises-interest-rates-by-25-bps-bitcoin-price-reacts/" rel="noopener noreferrer nofollow">hiked</a> interest rates for the first time in over three years. BTC slipped once again, but quickly rebounded and went toward $77,000. Despite these two negative developments, as well as the BOJ <a href="https://cryptopotato.com/bitcoin-hits-14-day-high-despite-clarity-setback-fed-and-boj-rate-hikes-weekly-recap/" rel="noopener noreferrer nofollow">increasing</a> rates on Friday, the cryptocurrency actually showed impressive resilience.
Moreover, it surged hard on Friday and flew past $80,000 for the first time in two weeks. The bulls kept the pressure on, and bitcoin spiked to almost $82,000 on Saturday. However, it was <a href="https://cryptopotato.com/why-was-bitcoin-rejected-at-82k-3-reasons-behind-the-sunday-pullback/" rel="noopener noreferrer nofollow">rejected</a> there, perhaps due to the latest developments in the Middle East, and now sits just inches above $80,000.
Its market capitalization has declined to $1.61 trillion on CMC, but its dominance over the alts has neared 59%.
<figure style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2026/09/BTCUSD-September-20.png" rel="noopener noreferrer nofollow"><img src="https://cryptopotato.com/wp-content/uploads/2026/09/BTCUSD-September-20.png" alt="BTCUSD September 20. Source: TradingView" width="1835" height="917"></a>
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 BTCUSD September 20. Source: TradingView
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<h2 id="alts-bleed-avax-defies">Alts Bleed, AVAX Defies</h2>
Ethereum was rejected at $2,630 and now sits well below $2,600 after a 2.6% daily decline. BNB struggles to maintain the $750 level, while XRP has returned to under $1.40. SOL has slipped below $110, while HYPE, after hitting a new all-time high, has retreated slightly to $91.
More substantial losses come from the leading privacy coins. ZEC is down by 8.2% to $1,443, while XMR has dumped by 8.6% to $523. UNI, RAIN, LINK, NEAR, AAVE, and CC are also well in the red.
In contrast, Avalanche (AVAX) has rocketed by more than 11% daily and sits above $9.6. ENA, PEPE, and M have marked impressive gains as well.
The total crypto market cap has shed around $40 billion daily and is down to $2.740 trillion on CMC.
<figure style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2026/09/Screenshot-2026-09-20-112940.png" rel="noopener noreferrer nofollow"><img src="https://cryptopotato.com/wp-content/uploads/2026/09/Screenshot-2026-09-20-112940.png" alt="Cryptocurrency Market Overview September 20. Source: QuantifyCrypto" width="1882" height="824"></a>
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 Cryptocurrency Market Overview September 20. Source: QuantifyCrypto
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The post <a href="https://cryptopotato.com/btc-price-slides-toward-80k-avax-defies-market-correction-weekend-watch/" rel="noopener noreferrer nofollow">BTC Price Slides Toward $80K, AVAX Defies Market Correction: Weekend Watch</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

BTC Price Slides Toward $80K, AVAX Defies Market Correction: Weekend Watch

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