BNB Smashes Past $1K to New ATH as Bitcoin Slips Further From $116K (Weekend Watch)

Bitcoin’s rather dull price movements over the weekend continue as the asset has fallen away from the $116,000 level, which it challenged ￰0￱ 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 ￰1￱ 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 ￰2￱ 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. However, the asset went on the offensive during the early Thursday morning trading hours when it jumped to $118,000 to mark a multi-week ￰3￱ momentum was short-lived, though, as bitcoin started to lose value gradually and dropped to $115,200 on ￰4￱ bounced to just over $116,000 yesterday but was stopped and is now positioned between $115,000 and $116,000. Its market cap has stalled at $2.3 trillion, while its dominance over the alts sits close to 56% on CG. BTCUSD.).

Although it has retraced slightly since then, it’s still the top performer from the largest ￰5￱ contrast, ETH, XRP, SOL, DOGE, ADA, TRX, LINK, AVAX, and SUI have made no big moves, while HYPE has plunged by over 5%. ASTER continues to chart notable gains, adding over 40% of value in the past day. M and IP follow suit, with increases of 18% and 15%, ￰6￱ total crypto market cap has shed around $20 billion overnight and is down to $4.120 trillion on ￰7￱ Market Overview.) appeared first on CryptoPotato .