In this week’s Market Report, Cointelegraph-based experts discuss the significance of The Merge Ethereum, the latest US CPI data, important things to know about Bitcoin (BTC) this week, and altcoin analysis.
To get started, we’ve broken down the latest news from the markets this week.
Bitcoin drops $1k in 3 minutes as US CPI inflation outpace. Bitcoin’s losses of 4% came quickly as inflation failed to cool down as quickly as expected, selling off the cryptocurrency market. We do a deep dive into what the data means and the broader implications for the market. Does this signal the end of the recent rally in prices that we saw earlier this week or will we bounce back when things stabilize? Let’s take a look at what President Joe Biden said about the latest CPI data and also what Crypto Twitter is discussing about it. There’s a lot to unpack here, so stay tuned as we break down the info for you.
The Fed, the consolidation and $22,000 for BTC – 5 things to know about Bitcoin this week. A weekly bullish close indicates that Bitcoin is facing the real price as analysts expect large volatility in the coming days. With the new CPI data sending Bitcoin lower, can the consolidation bring some relief to the markets or will it cause further declines? We also take a deep dive into The Merge Ethereum and explain why it is such an important event in cryptocurrency history and why you should be watching developments. We’ve also highlighted some scams that you should be aware of to stay safe.
Price Analysis: ADA, SOL, and MATIC. Our experts take a look at some of the altcoins making some interesting moves this week. They analyze the charts and argue where the price could go. So make sure you keep going as you don’t want to miss out on this vital information.
Then there is a new segment called “Quick Crypto Tips” which aims to give newcomers to the cryptocurrency industry quick and easy tips for getting the most out of their experience. This week’s tip: trade, not bet.
Market expert Marcel Bechmann examines the bitcoin and ether (ETH) markets carefully. Are current market conditions bullish or bearish? What are the prospects for the coming months? Bishman is here to explain it. The experts also review some market news to bring you up to date on the two largest cryptocurrencies.
Finally, we have information from Cointelegraph Markets Pro, a platform for cryptocurrency traders who want to stay one step ahead of the market. Analysts are using Cointelegraph Markets Pro to identify three altcoins that stood out this week: Audius’ AUDIO token, Ocean Protocol’s OCEAN token, and DIGG’s DIGG token.
Do you have a question about a currency or a topic not covered here? do not worry. Join the YouTube chat room and post your questions there. Anyone with an interesting comment or question will receive a $50 gift card to the Cointelegraph Store.
The Market Report goes live every Tuesday at 12:00 PM ET (16:00 PM UTC), so be sure to head over to the Cointelegraph YouTube page and hit the like and subscribe button for all future videos and updates.
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