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Polygon Announces Avail Testnet

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Today’s Cryptocurrency Headline

Polygon has announced that the Polygon Avail testnet is now live, with an updated version coming soon. According to Polygon, Avail’s block time is currently 20 seconds, and each block can hold about 2MB of data. Assuming an average transaction size of 250 bytes, each Polygon Avail block today can hold about 8400 transactions (420 transactions per second). Additionally, Avail can consistently fill blocks right up to the storage limit, and increase size as needed, which could bring the transaction volume up to 500,000 transactions per block (25,000 transactions per second).

BingX’s Bitcoin Chart

Source: TradingView & BingX

Eurozone inflation surged to another record high in August, annual inflation across the bloc rose to 9.1% this month, up from 8.9% in July, according to the latest figures from Eurostat. Bitcoin is down 0.92% over the last 24 hours and fell to an intraday low of $19,869.17. The largest cryptocurrency has been trading around the psychological level of $20,000 for the past 5 days, suggesting neither bulls nor bears are willing to give up this vital level. If the bulls are able to hold the price above the $20,000 level, the BTC/USDT pair could rally to the 20-day exponential moving average (EMA) ($21,205). Conversely, if the price drops below this level, the bears will attempt to pull the pair toward $18,000.

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