Bitcoin Slams Into $80K Resistance on Volume of Just 18% of Its Average

Three Things to Know A tiny Nasdaq-listed firm plans to sell or pledge its entire bitcoin stash, citing hack and quantum risks. Bitcoin is wedged between its two key moving averages, and sellers still hold the momentum edge. The 200-day average is the floor that decides whether the slow slide speeds up. A small Nasdaq company has cleared the way to unload a bitcoin hoard worth far more than the business itself. Its board pointed to the Binance hack and the long-term threat from quantum computing. The sale is too small to move the market alone. Its signal worries traders more, with Bitcoin pinned under a key trend line on thin trading.

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