It’s a downward descent once again for the original crypto. Bitcoin (BTC) dropped more than 6% on Tuesday, falling below the $21,000 threshold.
The sell-off came on the heels of a higher-than-expected consumer price index (CPI) report from the Bureau of Labor Statistics.
CPI came in at 8.3% for August. Although this is lower than July’s CPI of 8.5%, it’s still higher than the expected 8.1%. Core CPI, which doesn’t include food and energy prices, came in 0.6% higher than in July and 6.3% higher year over year.

BEP-20 is a Binance Smart Chain token standard created with the intention of extending ERC-20, which is one of the most common Ethereum token standards out there. BEP-20 is a blueprint as to how a token can be spent, who can spend it, and it even has rules about its overall usage.

Currently, the cryptocurrency market is going through one of the worst times.As many coins as there are in the cryptocurrency market, most of them have seen their prices drop by more than half.In such a state of the market, it can be said that touching fifty thousand dollars of Bitcoin may not be possible this year.Another reason for Bitcoin's price appreciation is its growing adoption as a payment method.

Bitcoin is what is called a cryptocurrency—“money” that is completely virtual and is neither distributed nor regulated by a centralized government. The “crypto” part of cryptocurrency refers to the heavy cryptography (encoding) used to request, confirm, and record the transactions within the context of a decentralized system. The advantage of the system is that two parties can exchange payment without the use of a third party (such as PayPal, VISA, banks, or the federal government) to validate the worth of the currency.

Cardano (Ada) is a proof-of-stake blockchain platform. Ada is a digital currency. Any user, located anywhere in the world, can use ada as a secure exchange of value – without requiring a third party to mediate the exchange. Every transaction is permanently, securely, and transparently recorded on the Cardano blockchain.

BNB is a proprietary token of Binance Smart Chain Platform.Currently, the price of the token of this platform has decreased due to the decrease in the price of all the coins in the crypto currency market.But I think that this platform for investment namely Binance Smart Chain platform tokens are most in demand.Moreover, this platform is currently one of the most popular platforms among crypto currency traders

Currently, one of the reasons why the market price of Ethereum coin is not in the right position is that the currency market is very bad.However, the price of Ethium Coin will rise again and it will continue to improve in the future.Ethereum will go far in 2023 and so will its price.

Whether the price of a token will increase or decrease depends entirely on the market value of the market.Compared to the last few months, the cryptocurrency market is in a very bad state.Since the beginning of 2022, the currency market has had a very good time but towards the end it is going through a very bad time.All of us crypto currency users hope that Bitcoin will return to its previous position of $40,000.