August 27 BTCUSD BingX Chart Analysis and Today's Headline

BingX’s Bitcoin Chart


Federal Reserve Chair Jerome Powell said in his Jackson Hole speech the central bank won’t back off in its fight against rapid inflation. Bitcoin is down 5.66% over the last 24 hours and fell to an intraday low of $20,106.95. The cryptocurrency market plummeted alongside the traditional equity market after Federal Reserve Chair Jerome Powell delivered his speech because the market expected the Fed is going to maintain a tough stand against inflation. For now, If the bulls could not hold the price above $20,000, Bitcoin could decline to $18,000.

Today’s Cryptocurrency Headline

Sui Launches Its Blockchain Browser

Sui, a Layer 1 project founded by the former Meta team, announced the launch of its blockchain browser, Sui Explorer, serving as inspection and analytics tools for users and developers to troubleshoot, confirm their activities, and verify holdings on-chain.

Sui Explorer is designed to accomplish the following:

Keep the most updated and accurate on-chain data, activity, and metrics
Enable lookup, verification, and tracking of all assets and contracts
Be a fast, reliable, and transparent tool for debugging and auditing
Offer useful smart contract development and features unique to Sui Move

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