About this week’s “The Market Report” show, Cointelegraph’s resident experts discuss a few of the primary factors that led to the collapse of the bear market rally.
To kick things off, we broke lower the most recent news within the markets now
Bitcoin (BTC) to get rid of $21K despite miners’ capitulation exit? Five items to know in Bitcoin now. Miners really are a glimmer of hope inside a barren Bitcoin landscape now in front of a vital Fed event in Jackson Hole. After dipping below $21,000 over the past weekend, the biggest cryptocurrency is consolidating around 10% less than the other day, and also the fear across crypto markets is clearly visible. As August gets near the finish, what’s going to September bring when it comes to inflation, cost volatility along with other macro triggers?
Data shows Bitcoin and altcoins at chance of a 20% drop to new yearly lows. The total crypto market capital dropped towards the $1 trillion support, and weak stablecoin demand along with a largely absent funding rate reflect traders’ negative sentiment. Will crypto investors’ sentiment shift toward more bearish? Shall we be on the method to retesting yearly lows?
Cryptocurrencies respond to Jackson Hole, Given rate hike plans along with a weakening bear market rally. The cost action in Bitcoin, altcoins and stocks reflects investors’ anxiety within the Fed’s rate hike plans, a weakening bear market rally which week’s Jackson Hole economic symposium. May be the anxiety about future rate of interest hikes through the Fed making investors nervous? Is that this macro uncertainty maintaining your institutional investors from the crypto markets?
Bitcoin whales attack sellers at $22.3K as the euro drops below USD parity. Bitcoin struggles to create a go back to greater levels despite geopolitical uncertainty punching the eurozone. The weekend lows however preserved the lows from This summer. Could this suggest the bear market rally might make coming back? What goes on if Bitcoin moves over the critical 200-week moving average (WMA)?
Next is really a new segment known as “Quick Crypto Tips,” which aims to provide newcomers towards the crypto industry fast and simple ideas to get the most from their experience. This week’s tip: Be skeptical of exchanges.
Market expert Marcel Pechman then carefully examines the Bitcoin and Ether (ETH) markets. Would be the market conditions bullish or bearish? What’s the outlook for the following couple of several weeks? Pechman is here now to interrupt it lower. Professionals also review some markets news to create you current around the latest concerning the top two cryptocurrencies.
Lastly, we have insights from Cointelegraph Markets Pro, a platform for crypto traders who wish to stay a measure in front of the market. The analysts use Cointelegraph Markets Pro to recognize two altcoins that was out now: DeXe’s DEXE and DIGG’s DIGG.
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The Marketplace Report streams live every Tuesday at 12:00 pm ET (4:00 pm UTC), so make sure to mind on to Cointelegraph’s YouTube page and smash individuals like and subscribe buttons for those our future videos and updates.
