BTC Touches $115K While BNB and HYPE Break Records

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Here’s the latest in the cryptocurrency space as the next FOMC meeting approaches.

The business week was marked by important macroeconomic events, including the much-anticipated CPI data for August, which could set the tone for the Fed’s next big move.

But first, let’s rewind the clocks to last weekend when the primary cryptocurrency was struggling a lot. At the time, the asset, perhaps living up to the bearish September projections, failed to maintain above $112,000 and tested the $110,000 support on a couple of occasions on Saturday and Sunday.

The bulls ultimately managed to defend that level and went on the offensive as the week progressed. At first, BTC climbed to $111,500 on Monday and beyond $113,000 on Tuesday, but it faced immediate rejections, the second of which pushed it south below $111,000 once again.


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