The British Pound’s collapse and its impact upon cryptocurrency: Watch the Market Report

This week, The Market Report’s resident experts from Cointelegraph discuss why the British Pound is at an all-time low and what that could mean for the cryptocurrency market.

We start things off by breaking down the most recent news from the markets this week.

Bitcoin recovers $20K with 5% gains

The classic sideways trading action saw Bitcoin’s ( ) price shoot higher. However, there are concerns about what the future holds. Data from Cointelegraph Markets Pro, TradingView showed that BTC/USD gained over 7% following the Sept. 26 close. Bitstamp showed local highs of $20.344 before the pair started consolidating at $20.200. Will Bitcoin be able achieve a green monthly close?

Is Bitcoin finally here to shine? The British Pound drops to an all-time low against USD

The announcement of further tax cuts and debt increases to reduce the effects of an economic recession led to the British pound hitting a record-breaking low against the US dollar on Sept 26. Could the British pound’s weakening be a positive for Bitcoin If the public realizes that savings and investments are being reduced more aggressively, is it possible to switch to cryptocurrency?

Charles Hoskinson, Ethereum dev engage in a verbal war post-Vasil update

Charles Hoskinson was the founder of Cardano, and also co-founded Ethereum. They got into a heated argument about the implementation of proof-of-stake via the Ethereum Merge. Hoskinson is well-known for his opinions on his previous project. The bad blood between these two communities is not new. The recent exchange between the two blockchains highlights the disconnection between these communities, despite both networks undergoing major upgrades.

Next is “Quick Crypto Tips”, which will give beginners to crypto industry quick tips to make the most of their experience. This week’s tip is: Choose a long-term cryptocurrency.

Marcel Pechman, a market expert, then examines the Bitcoin ( ETH_) and Ether markets. Is the current market environment 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 for cryptocurrency traders who want to be one step ahead. To identify the two altcoins that stand out this week, our analysts used Cointelegraph Markets Pro: XRPand 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 $100 one-month Markets Pro subscription will be awarded to the person who has posted the most interesting question or comment.

Market Report streams live every Tuesday at 12:00 PM ET (4:00 PM UTC). Make sure you visit Cointelegraph’s YouTube page to smash the Like and Subscribe buttons to all future updates.

Opinion writer on 7trade7