On this weekâs The Market Report present, Cointelegraphâs resident consultants focus on if the potential collapse of the Credit Suisse financial institution may bring more volatility in the crypto market.
To kick issues off, we break down the newest information in the markets this week:
BTC worth nonetheless not at âmax painâ
Bitcoin (BTC) begins a brand new week in a precarious place as international macro instability dictates the temper. After sealing a weekly shut simply inches above $19,000, the largest cryptocurrency nonetheless lacks path as nerves heighten over the resilience of the international monetary system. Europe nonetheless appears to be at the high of everybodyâs minds as the newest information about the potential collapse of main international banks, significantly Credit Suisse and Deutsche Bank, looms overhead. What impression would this have on the cryptocurrency market, and will this give Bitcoin its time to shine, or will this and different macro components power the worth decrease than weâve beforehand seen? With every little thing happening in the monetary world at the second, it looks as if this bear market is shaping up to be not like another.
Robert Kiyosaki calls Bitcoin a âbuying opportunityâ as US greenback surges
Robert Kiyosaki, businessman and best-selling creator of Rich Dad Poor Dad, has known as BTC, silver and gold a âbuying opportunityâ amid the strengthening United States greenback and continued rate of interest hikes. He suggests the U.S. Federal Reserve may begin to pivot and drop rates of interest as quickly as January 2023, which may lead to Bitcoin and different commodity worth reversals. Could this be an enormous shopping for alternative? Our consultants analyze the scenario.
Our consultants cowl these and different growing tales, so be sure you tune in to keep up-to-date on the newest in the world of crypto.
Next up is a section known as âQuick Crypto Tips,â which goals to give newcomers to the crypto trade fast and simple ideas to get the most out of their expertise. This weekâs tip: trickle funding shopping for.
Market skilled Marcel Pechman then rigorously examines the Bitcoin and Ether (ETH) markets. Are the present market situations bullish or bearish? What is the outlook for the subsequent few months? Pechman is right here to break it down. The consultants additionally go over some market information to bring you up-to-date on the newest concerning the high two cryptocurrencies.
Lastly, weâve acquired insights from Cointelegraph Markets Pro, a platform for crypto merchants who need to keep one step forward of the market. Our analysts use Cointelegraph Markets Pro to establish two altcoins that stood out this week: Stay tuned to discover out which of them.
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