Cointelegraph’s experts discuss this week’s market report with Cointelegraph’s residents. They talk about the significance of the Ethereum merge, the most recent CPI data, and other important information in Bitcoin (BTC).
We started things off by breaking down the most recent news from the markets this week.
The U.S. CPI inflation spikes causes Bitcoin to lose $1K in just 3 minutes. As inflation fails to cool down as fast as expected, Bitcoin’s rapid losses of 4% are quickly followed by a wave sell-offs in the crypto market. We take a deeper look at the data and their implications for the market. Is this the end of the price surge we witnessed earlier in the week? Or will things rebound once they settle down? We look at the comments of President Joe Biden on the CPI data, as well as what Crypto Twitter has to say about it. There is a lot to learn here, so stay tuned.
Bitcoin Week 5: The Fed, the Merge, and $22K Bitcoin — Five things you need to know about Bitcoin. Bitcoin’s realized price is up on a bullish week-end close. Analysts speculate about the future volatility. The new CPI data has caused Bitcoin’s price to drop. Will the Merge provide some relief or cause more volatility? We also take a deep dive on the Ethereum Merge to explain why it is so significant in crypto’s history, and why you should keep an eye out for any developments. To keep yourself safe, we also point out some scams.
Analysis of price: ADA and SOL. MATIC. Our experts look at some altcoins which have made interesting moves this week. The experts analyze the charts to make an opinion on where the price might go. This is important information, so don’t forget to stay.
Next is “Quick Crypto Tips”, a new segment that aims to provide quick and simple tips for newcomers to crypto. This week’s tip is to trade, not gamble.
Marcel Pechman, a market expert, then examines the Bitcoin (ETH) and Ether markets. Is the current market situation bullish or bearish? What are the prospects for the next few weeks? Pechman will break it down. They also discuss market news, which will keep you informed about the most recent developments regarding the top two cryptocurrency.
We also have insights from Cointelegraph Markets Pro which is a platform that allows crypto traders to stay ahead of the market. Cointelegraph Markets Pro is used by the analysts to identify three altcoins this week: Ocean Protocol’s token OCEAN, Audius’s token AUDIO and DIGG’s symbol DIGG.
Are you looking for information on a topic or coin that isn’t covered here? Don’t worry. You can join the YouTube chat and ask your questions there. The Cointelegraph merch shop will give $50 to the person who has the most interesting comment.
Market Report is live at 12:00 ET (5:00 UTC) every Tuesday. Make sure you visit Cointelegraph’s YouTube channel to smash the like and subscribe buttons to all future updates.