In this week’s Market Report presentation, Cointelegraph’s resident experts discuss some of the key factors that contributed to the collapse of this bear market rally.
To start things off, we’ve broken down the latest news in the markets this week
Bitcoin (BTC) Loses $21,000 Despite Miners Surrender Exit? Five things to know in Bitcoin this week. Miners are a ray of hope in the barren landscape of Bitcoin this week ahead of a major Federal Reserve event in Jackson Hole. After dropping below $21,000 over the weekend, the largest cryptocurrency consolidated about 10% less than last week, and the fear across the crypto markets is clearly visible. With August coming to a close, what will September bring in terms of inflation, price volatility and other macroeconomic stimuli?
Data shows that bitcoin and altcoins are at risk of dropping 20% to new yearly lows. The total cryptocurrency market capitalization has fallen to a support of $1 trillion, and weak stable coin demand and absent funding rates largely reflect the negative sentiments of traders. Will cryptocurrency investor sentiment turn bearish? Are we on our way to retest the annual lows?
Cryptocurrencies are reacting to Jackson Hole, plans to raise Fed rates, and a weak bear market rally. Price action in bitcoin, altcoins and stocks reflects investor concerns about the Fed’s rate hike plans, the weakening of the bear market rally and this week’s Jackson Hole economic symposium. Is the fear of a future rate hike by the Federal Reserve making investors nervous? Is this overall uncertainty keeping institutional investors out of the cryptocurrency markets?
Bitcoin whales are attacking sellers at $22.3K as the Euro drops below the US dollar parity. Bitcoin is struggling to return to higher levels despite the geopolitical uncertainty hitting the Eurozone. However, weekend lows maintained their lowest levels since July. Could this mean that the bear market rally could return? What happens if Bitcoin moves above the 200-week moving average (WMA)?
Next up is a new segment called “Quick Crypto Tips”, which aims to give newcomers to the crypto industry quick and easy tips to get the most out of their experience. This week’s tip: Be wary of exchanges.
Then market expert Marcel Bichmann carefully examines the Bitcoin and Ether (ETH) markets. Are current market conditions bullish or bearish? What are the expectations for the next few months? Pechman is here to break it. Experts also review some market news to keep you updated regarding the top two cryptocurrencies.
Finally, we have insights from Cointelegraph Markets Pro, a platform for cryptocurrency traders who want to stay one step ahead of the market. Analysts use Cointelegraph Markets Pro to identify two cryptocurrencies that have emerged this week: DeXe’s DEXE and DIGG’s DIGG.
Do you have a question about a currency or topic not covered here? do not worry. Join the YouTube chat room and write your questions there. Someone with an interesting comment or question will get a $50 gift voucher from the CT Store.
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