BNB Hits $1K ATH While Bitcoin Drops Below $116K
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ASTER continues to fly as well.
Bitcoin’s rather dull price movements over the weekend continue as the asset has fallen away from the $116,000 level, which it challenged yesterday.
Most larger-cap altcoins are also quite sluggish, aside from BNB, which keeps charting fresh peaks, with the latest being well above $1,050.
BTC to Lose $116K?
The primary cryptocurrency’s business week began with a price surge from under $115,000 to almost $117,000, where it faced an immediate rejection that drove it south by over two-and-a-half grand. More volatility ensued in the following days, especially leading to the Wednesday FOMC meeting, in which the US Federal Reserve finally reduced the key interest rates by 25 bps.
In the hours before the announcement, BTC jumped past $117,000, dropped below $115,000, and recovered to $116,000. Once the rate cut became known, bitcoin remained relatively sluggish at first.
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