BNB Breaks Records, BTC Poised for $117K Pre-FOMC

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BNB topped $960 earlier today.

With just hours left until the highly anticipated FOMC meeting scheduled for later today, bitcoin’s price jumped to a new multi-week peak of just over $117,200.

Most altcoins have failed to produce any big moves over the past day, while BNB charted a new all-time high, and HYPE has neared its own.

BTC Stopped at $117K
The primary cryptocurrency has been on an evident uptrend for the past week or so, after bouncing off the $111,000 support last Tuesday. The asset started to recover some of the recently lost ground almost immediately and had risen to over $116,000 by Friday.

It failed there at first and remained sideways for most of the weekend, at least after it jumped to $116,800 on Saturday morning, where it was quickly stopped. The bulls went on the offensive on Monday, but the subsequent rejection at the same level pushed BTC south to $114,400.


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