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Today’s Cryptocurrency Headline
According to an article published by the Polkadot parachain Astar Network, Microsoft will support Astar Network in building and implementing the Web3 future through the Astar Incubation Program. In addition, Microsoft and Astar Network will collaborate on the Astar Incubation Program as part of this collaboration. Specifically, Microsoft will provide marketing support and mentoring to startups selected in the Astar Incubation Program. It is reported that Astar Network is the smart contract HUB of WASM + EVM on Polkadot. This year, Astar Network launched the Astar Incubation Program to support the Astar/Shiden ecological project in late February. Alameda Research, Fenbushi Capital, Digital Finance Group, LongHash Ventures, gumi Crypto Capital, TRGC, Next Web Capital, etc., joined the Astar Incubation Program to support incubation projects.
BingX’s Bitcoin Chart
The Consumer Price Index rose 7.9% over the past 12 months, the highest since 1982, the U.S. Labor Department’s Bureau of Labor Statistics reported Thursday. In addition, the month CPI rose 0.8% in February, faster than the 0.6% increase reported for January. Bitcoin is again trading below the $40,000 price and is down almost 5.6% over the last 24 hours. The 14-day relative strength index (RSI) declines to 47.65 from 54.54, indicating the bears start to gain the advantage. The price is slightly below the 20-day exponential moving average (EMA) at $40,167, and if the price cannot return above this level in a short period, we could see a further decline.
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