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Last week, major cryptocurrencies performed quite well, rising from around $54,000 on Monday to a high of $60,600 on Saturday. During this period, the asset faced greater volatility, especially on Wednesday after the US released CPI data for August. At that time, BTC fell from $57,000 to $55,500, but quickly recovered all losses.
However, BTC failed to sustain its upward momentum after reaching the aforementioned high point on Saturday and remained stagnant around $60,000 on Sunday. It started this Monday with a significant pullback and was pushed down to $57,600 yesterday.