In this week’s “The Market Report” show, Cointelegraph’s resident experts discuss the importance of the Ethereum merge, the latest CPI data, key points in Bitcoin (BTC) this week, and altcoin analysis.
To start things off, we rounded up the latest news in the markets this week.
Bitcoin price drops $1K in 3 minutes as US CPI inflation overshoots. Bitcoin’s 4% loss is bullish because inflation doesn’t cool off as quickly as it should, resulting in a sell-off wave for the crypto market. We take a deep dive into what data means and its impact on the broader market. Does this mark the end of the recent price pump we saw earlier this week or will we rebound 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 the matter. There’s a lot to unpack here so make sure you stay with us as we break down the information for you.
The Fed, Merge and $22K BTC – 5 Things to Know in Bitcoin This Week. A bullish weekly close sees bitcoin dealing with the real price, while analysts anticipate that there will be great volatility in the coming days. Bitcoin price is falling due to new CPI data, could the merger bring some relief to the markets or will it fall further? We also take a deep dive into the Ethereum merge and explain why it is such a significant event in the history of crypto and why you should keep a close eye on developments. We also highlight some of the scams that you should be aware of to keep yourself safe.
Price Analysis: ADA, SOL, and Matic. Our experts take a look at some of the altcoins that are making some interesting moves this week. They analyze the chart and make a case for where the price could possibly go. So make sure you stick with because you don’t want to miss out on this important information.
Next up is a new section called “Quick Crypto Tips”, which aims to give newcomers to the crypto industry quick and easy tips to make the most of their experience. Tip of the week: Trade, don’t gamble.
Market expert Marcel Pechman then carefully examines the bitcoin and ether (ETH) markets. Is the current market situation bullish or bearish? What is the outlook for the next few months? Pechman is here to break it. Experts also go over some market news to give you the latest about the top two cryptocurrencies.
Finally, we’ve got insight from Cointelegraph Markets Pro, a platform for crypto traders who want to stay one step ahead of the market. Analysts used Cointelegraph Markets Pro to identify three altcoins this week: AUDIO’s token AUDIO, Ocean Protocol’s token OCEAN and DIGG’s token DIGG.
Do you have a question about a coin or topic that hasn’t been covered here? Don’t worry. Join the YouTube chat room, and write your questions there. The person with the most interesting comment or question will be awarded a $50 gift voucher in the Cointelegraph merch store.
Market reports are live streamed every Tuesday at 12:00PM ET (4:00PM UTC), so be sure to visit Cointelegraph’s YouTube page and hit the like and subscribe buttons for all our future videos and updates.