GM fellow Asterials. Looks like the recent dip in inflation rates has caused some unexpected pumping in the crypto markets! 💰

As the economy slowly recovers from the pandemic-induced slump, investors are keeping a close eye on how inflation rates are affecting traditional markets - and it seems like the crypto world is not immune to these fluctuations either.

It’s Wednesday people lets get right to it🔥

• 🪙What is BRC-20

• 📉CPI News

• 🏪Current Market Scenario

BRC-20… What did you just say? 🤨

If you're wondering what BRC-20 is, it's a fungible token standard designed for the Bitcoin blockchain using the Ordinals protocol.

I know… to think crypto can’t get even more confusing.🤣

BRC-20 utilises Inscriptions, which are like NFTs made on Satoshis. This means that individuals can have unique identities and transfer them across transactions.

Sorry for the non-techy people here.

Unlike Ethereum's ERC-20 standard, BRC-20 is not EVM-compatible and does not support smart contracts.

This is not something to fade right now. Someone just paid 32 $BTC for Inscription #5091133. That is $800k I do not have 🥲

Over 14,000 BRC-20 tokens have been issued, with ORDI, PIZA, MEME, and MOON being the most popular.

But with popularity, comes GAS…💸

Gas fees (basically transaction fees) for BTC has risen up so high that it has had an average of $19.20 cost per transaction.

COUGH I thought this was supposed to be better than banks.

440,000 unconfirmed transactions are causing the current congestions and delays on the blockchain currently.

The introduction of BRC-20 and Ordinals will eventually pave the way for more possibilities on the Layer-1 blockchain.

Who knows what would happen next? BRC-721?

They need to get the naming of these things better 😅

Stay ahead with these threads.

Inflation falls to 4.9% 🤯

Yooooo… I thought we were in a bear market.

Well apparently folks, inflation fell to 4.9% beating all expectations.

Good job Powell 👌🏻

Looks like the FED’s policies are currently working at bringing the inflation rate down to sustainable levels.

Does that mean that my dollar value will start increasing again?

Probably not so soon…

Prices would most likely still remain the same as more people adapt to the norm of how products and services costs.

Crypto however…👀

Bitcoin saw a pump of around 2% but shortly after went back down to it’s support level. Ethereum did exactly the same.

Sorry bulls 🐂 but nothing can be certain yet 😉

Current Market Scenario 📈

Singapore is killing it in the crypto scene right now!

US decline in crypto investing might be because of the unclear rules the SEC has set on the crypto industry thus making most companies such as Coinbase head to international waters to conduct their businesses.

Ultimately, this is not a good look on US as it’ll stagnate its growth.

Memecoins are still ongoing with users chasing the next PEPE. But it is important to note that 99% of these tokens are rugs, cash-grabs and WILL make you lose money.

You have better odds at a casino than trading memecoins in my opinion 😅

Influencers are promoting these newer coins in order to dump later on their followers 💩

Just be careful out there because there are a lot of bad actors in this period of time to suck the liquidity out of the market.

However, the trend is dying out for memecoins and probably we can start seeing some more alpha coming in.

Asterial Note:

We want our readers to be safe out here in the market. If you are not a risky trader, focus on the large caps like Bitcoin and Ethereum to hold instead of trading in the decentralised space.

Disclaimer: This is not any kind of financial advise. This newsletter is solely informational; it does not constitute investment advice, a solicitation to buy or sell any securities, or a recommendation regarding how to manage your money. Be cautious and conduct your own study, please.