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- 🎊 ETH Deposit & Trading Carnival Kicks Off!
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- 📢 ETH Heading for $4800? Have Your Say! Show Off on Gate Square & Win 0.1 ETH!
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Or any o
- 🧠 #GateGiveaway# - Crypto Math Challenge！
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1️⃣ Follow Gate_Square
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📅 Ends at 4:00 AM July 22 (UTC)
- 🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
Gate has surpassed 30M users worldwide — not just a number, but a journey we've built together.
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3️⃣ Share your post on Twitter (X) — top 10 views will get extra rewards!
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Fed data: Bitcoin outperforms dollar in fighting inflation
PANews News on October 5, according to Cointelegraph, the St. Louis branch of the Federal Reserve in a blog post compared the inflation resistance of Bitcoin (BTC) with the U.S. dollar (USD) when it comes to buying eggs, and the results showed that Bitcoin is resistant to inflation. Outperforming the US dollar in terms of inflation. The author of the article used data from January 2021 to the present to measure the price of a dozen eggs in Bitcoin and US dollars. Despite Bitcoin price volatility, the number of sats required to purchase the same amount of eggs with Bitcoin has decreased more than USD since the December 2022 peak. As of August 2023, Bitcoin holders need 70% fewer Bitcoins to purchase eggs, while USD has fallen 58%.