In this week’s edition of The Market Report, Cointelegraph’s resident experts discuss whether the potential collapse of Credit Suisse bank could induce more volatility in the cryptocurrency market.
To start, we review the latest news from the markets this week:
BTC price still not at its “peak pain”
Bitcoin (BTC) starts a new week in a precarious spot, as global macro instability dictates the mood. After sealing a weekly close just inches above the $19,000 mark, the largest cryptocurrency still lacks direction as nerves mount over the resilience of the global financial system. Europe seems to still be on everyone’s mind as the latest news about the possible collapse of the world’s major banks, notably Credit Suisse and Deutsche Bank, hangs over them. What impact would this have on the cryptocurrency market, and could this give Bitcoin its chance to shine, or will this and other macro factors force the price lower than we have seen previously? With everything going on in the financial world right now, it seems like this bear market is shaping up like no other.
Robert Kiyosaki calls Bitcoin a “buying opportunity” as the dollar rises
Robert Kiyosaki, businessman and best-selling author “Rich father poor father”, has called BTC, silver and gold a “buying opportunity” amid the strengthening of the US dollar and the continuous rises in interest rates. It suggests that the US Federal Reserve could start to pivot and lower interest rates as soon as January 2023, which could cause the eventual rally in Bitcoin and other commodity prices.Could be a great buying opportunity?Our experts analyze the situation.
Our experts cover these and other current stories, so be sure to tune in to stay up to date on the latest in the world of cryptocurrencies.
Below is a segment called “Quick Crypto Tips,” which aims to give newcomers to the cryptocurrency industry quick and easy tips to get the most out of their experience. This week’s tip: buy investments piecemeal.
Below, market expert Marcel Pechman takes a closer look at the Bitcoin and Ether (ETH) markets. Are the current market conditions bullish or bearish? What are the prospects for the coming months? Pechman is here to break it down. The experts also run through some market news to bring you up to date on the latest developments in the top two cryptocurrencies.
Finally, we have the opinion of Cointelegraph Markets Pro, a platform for cryptocurrency traders who want to stay one step ahead of the market. Our analysts use Cointelegraph Markets Pro to identify two altcoins that stood out this week: Stay tuned to find out what they are.
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 receive a $50 gift card for the Cointelegraph store.
The Market Report airs live every Tuesday at 12:00pm ET (4:00pm UTC), so be sure to head over to Cointelegraph’s YouTube channel and smash those “Like” and “Subscribe” buttons to receive all our future videos and updates.
Clarification: The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information set forth herein should not be taken as financial advice or investment recommendation. All investment and commercial movement involve risks and it is the responsibility of each person to do their due research before making an investment decision.
Investments in crypto assets are not regulated. They may not be suitable for retail investors and the full amount invested may be lost. The services or products offered are not aimed at or accessible to investors in Spain.