August 10 BTCUSD BingX Chart Analysis and Today's Headline

BingX’s Bitcoin Chart


Bitcoin is down 2.69% over the last 24 hours and fell to an intraday low of $22,860.93. The largest cryptocurrency rallied to an intraday peak of $24,248.31 on Monday, but it dropped to a bottom of $23,372.91 earlier today, suggesting that demand is weak at higher levels. The U.S Bureau of Labor Statistics will update the new CPI figures tomorrow. If the numbers do not match the expectation, we could see another sell-off.

Today’s Cryptocurrency Headline

Axie Infinity Looking to Expand on Korean Market

In an interview during Korea Blockchain Week KBW 2022, Sky Mavis co-founder and growth lead Jeffrey Zirlin stated that despite the domestic ban on P2E games still being in place, “Korean market is one of the most important gaming markets in the world, and we have tons of players in South Korea.” The company is currently looking for ways to make Axie Infinity suitable for Korean players. Zirlin said that Axie Infinity plans to double its investment in the Korean market and strengthen localization in terms of game language and other aspects.

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