Cointelegraph’s experts discuss the key factors that led to the collapse this bear market rally on this week’s edition of “The Market Report”.
We started things off by breaking down the most recent news from the markets this week
Bitcoin (BTC) to lose $21K despite miners’ capitulation exit? 5 things you need to know about Bitcoin this week There is hope for a bright spot in the otherwise bleak Bitcoin landscape ahead of a Federal Reserve event in Jackson Hole. The largest cryptocurrency fell below $21,000 on the weekend. It is now consolidating 10% lower than it was a week ago. This is clearly affecting crypto markets. What will September bring regarding inflation, price volatility, and other macro triggers as August draws to a close?
Data shows that Bitcoin and other altcoins are at high risk of a 20% fall to new annual lows. A drop in total crypto market capitalization to $1 trillion and weak stablecoin demand, as well as a low funding rate, reflect negative sentiment among traders. Is crypto investors becoming more bearish? Are we heading back to the yearly lows?
The weakening bearish market rally, Jackson Hole and Fed rate hike plans have influenced cryptocurrencies. Investors’ fear over Fed rate hike plans and a weakening bear-market rally is reflected in the price movement of stocks, altcoins, and Bitcoin. Investors are becoming nervous about the Federal Reserve raising interest rates in the future. Are institutional investors avoiding crypto markets because of this macro uncertainty?
As the euro falls below USD parity, bitcoin whales attack sellers at $22.3K Despite geopolitical uncertainty in the eurozone, Bitcoin is unable to return to higher levels. However, the weekend lows maintained July’s lows. This could indicate that the bear market rally may be making a comeback. What happens if Bitcoin rises above the 200-week moving mean (WMA).
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 be cautious about exchanges.
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. This platform is for crypto traders who want to stay one-step ahead of the market. Two altcoins stood out to the analysts this week were DIGG’s DIGG and DEXE’s DEXE.
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. The winner of the most unique comment or question will receive a $50 gift voucher from CT.