On this week’s “The Market Report” show, Cointelegraph’s resident experts discuss the importance of the Ethereum meltdown, the latest CPI data, important things to know about Bitcoin (BTC) this week, and altcoin analysis.
To start, we’ve broken down the latest news in the markets this week.
Bitcoin Price Loses $1,000 in 3 Minutes as US CPI Inflation Surpasses. Bitcoin’s 4% losses quickly follow as inflation does not cool as quickly as expected, leading to a sell-off for the crypto market. We dig deeper into the meaning of the data and the implications for the broader market. Does this mark the end of the recent price spike we saw earlier this week or will we bounce back once things settle down? We take a look at what President Joe Biden had to say about the latest CPI data and also what Crypto Twitter is discussing about it. There’s a lot to unpack here, so be sure to stay tuned as we break down the information for you.
The Fed, the merger and $22,000 BTC – 5 things to know about Bitcoin this week. A bullish weekly close sees Bitcoin attack the realized price as analysts speculate on major volatility in the coming days. With the new CPI data driving the price of Bitcoin down, can the merger bring some relief to the markets or will it lead to further decline? We also dig deeper into the Ethereum merger and explain why it is such an important event in crypto history and why you should be watching developments closely. We also highlight some scams you should be aware of to ensure your safety.
Price analysis: ADA, SOL and MATIC. Our experts take a look at a few altcoins that have made some interesting moves this week. They analyze the charts and explain where the price could possibly go. So be sure to stick around because you don’t want to miss this vital information.
Next is a new segment called “Quick Crypto Tips,” which aims to give newcomers to the crypto industry quick and easy tips on how to get the most out of their experience. This week’s tip: Trade, don’t gamble.
Market expert Marcel Pechman then takes a close look at the Bitcoin and Ether (ETH) markets. Are current market conditions bullish or bearish? What are the prospects for the next few months? Pechman is here to break it down. The experts also review some market news to keep you up to date with the latest developments regarding the two major cryptocurrencies.
Finally, we have information from Cointelegraph Markets Pro, a platform for crypto traders who want to stay ahead of the market. Analysts use 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.
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