This week, regular Cointelegraph experts discussed in a market report why the British pound has fallen to an all-time low and how this might affect the cryptocurrency market.
To get started, we share the latest news in the markets this week:
Bitcoin surges 5% to return $20,000, first green September since 2016
The classic sideways rally shows that Bitcoin (BTC) price targets are higher, but there are still concerns about what happens next. Follow data from Cointelegraph Markets Pro and TradingView BTC/USD, which is up more than 7% since the September 26 close. Bitstamp made local highs at $20,344 before the pair started to consolidate around $20,200. Can Bitcoin Reach a Green Monthly Close and Can the Bulls Beat the Bears in September?
Is it time for bitcoin to shine? The British pound fell to a record low against the dollar
On September 26, the British pound hit a record low against the US dollar after announcing tax cuts and another increase in debt to mitigate the effects of a potential economic slowdown. But could a weak sterling be positive for Bitcoin? Is it possible for the general public to turn to cryptocurrency when they realize that people’s savings and investments are being consumed more?
Charles Hoskinson and Ethereum developer got into an argument after Vasil . update
Charles Hoskinson, founder of Cardano and co-founder of Ethereum, got into a verbal skirmish with Ethereum developers about implementing a Proof-of-Stake consensus through Ethereum Merge. Hoskinson is known for his hot thoughts about his past project, and the animosity between the two communities is nothing new. But as both blockchains are undergoing significant upgrades to their networks, the recent exchange of views between the two parties highlights the gap between the blockchain communities.
Next up is a segment called “Brief Crypto Tips” which aims to provide newcomers to the crypto industry with quick and easy tips to get the most out of their experience. Tip of the week: Choose a long-term currency.
Next, market expert Marcel Bechmann took a closer look at the Bitcoin and Ether (ETH) markets. Are current market conditions bullish or bearish? What are the odds for the next few months? Pechman is here to break it. Experts also cover some market news to keep you up to date with the latest news about the leading cryptocurrencies.
Finally, we have information from Cointelegraph Markets Pro, a platform for cryptocurrency traders who want to stay ahead of the market. Our analysts use Cointelegraph Markets Pro to identify two cryptocurrencies that have emerged this week: XRP and Digg.
Do you have a question about a currency or topic not covered here? do not worry. Join the YouTube chat and ask your questions there. Someone with an interesting comment or question will get a $100 monthly subscription to Markets Pro.
The Market Report goes live every Tuesday at 12:00 PM ET (4:00 PM UTC), so be sure to visit the Cointelegraph YouTube page and hit the like and subscribe buttons for all of our future videos and updates.