Join the Trading Community: Learn & Earn with BingX.
Today’s Cryptocurrency Headline
Astar Network successfully won the third parachain slot in Polkadot. With over 27,100 network stakeholders pledging over 9.47 million DOT, Astar will be launched on Block #8179200 at the beginning of the lease term. Astar Network is a dApp hub on Polkadot that supports Ethereum, Web Assembly and Layer 2 solutions such as ZKRollups. Astar aims to be a multi-chain smart contract platform that supports multiple blockchains and virtual machines.
BingX’s Bitcoin Chart
Inflation has recently caused alarm among investors as the Fed enters a money-printing frenzy. There have been calls to stop printing money, but so far it has continued, causing inflation to soar. This is not just an American problem. The rest of the world has similar or higher inflation rates. This has driven adoption of cryptocurrencies, as individuals and institutions flock to them to get a satisfactory rate of return. But in the short term, the momentum for BTC price is running out. Bitcoin is struggling above $50,000 and looks shaky. If Bitcoin can’t get back to $60,000, the market will likely continue to witness the brunt of the bears.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.