Presenting this week’s market report, Cointelegraph’s resident experts discussed whether the potential collapse of Credit Suisse could add more volatility to the cryptocurrency market.
To start things off, we’re sharing the latest news in the markets this week:
BTC Price Hasn’t Reached ‘Maximum Pain’
Bitcoin (BTC) is starting another week in a perilous place as global macro instability dictates the sentiment. After closing a weekly close just above $19,000, the largest cryptocurrency is still lacking direction as nerves mount over the resilience of the global financial system. Europe still seems to be on top of everyone’s minds, as the latest news of the possible collapse of major global banks, notably Credit Suisse and Deutsche Bank, looms large. What impact will this have on the cryptocurrency market, and could this give Bitcoin time to shine, or will this and other macro factors force the price lower than what we saw earlier? With everything going on in the financial world right now, it seems like this bear market is unlike any other.
Robert Kiyosaki describes Bitcoin as a ‘buying opportunity’ as the US dollar rises
Robert Kiyosaki, entrepreneur and best-selling author of Rich Dad Poor Dad described bitcoin, silver and gold as a “buying opportunity” amid the rising US dollar and continuing interest rates. He notes that the US Federal Reserve could start to swing and cut interest rates as soon as January 2023, which could lead to a reversal in the prices of Bitcoin and other commodities. Could this be a great buying opportunity? Our experts analyze the situation.
Our experts cover these and other cutting edge stories, so be sure to tune in to stay up-to-date with the latest in the cryptocurrency world.
Next up is a segment called “Quick Crypto Tips”, which aims to provide newcomers to the crypto industry with quick and easy tips to get the most out of their experience. This week’s tip: maintenance investments.
Then market expert Marcel Bichmann examines the Bitcoin and Ether (ETH) markets closely. Are current market conditions bullish or bearish? What are the expectations for the next few months? Pechman is here to break it. Experts also browse some market news to keep you updated on the two most important cryptocurrencies.
Finally, we have insights from Cointelegraph Markets Pro, a platform for cryptocurrency traders who want to stay one step ahead of the market. Our analysts use Cointelegraph Markets Pro to identify two cryptocurrencies that have emerged this week: Adjust the coin to see which one is.
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