In this week’s The Market Report, Cointelegraph’s resident experts discuss why the British pound is at an all-time low and how that could affect the cryptocurrency market.
To start, we analyze the latest market news this week:
Bitcoin gains 5% and recovers the USD 20,000, looks for its first ‘green’ September since 2016
A classic bout of sideways trading action sees Bitcoin (BTC) price head higher, but concerns remain about what happens next. Data from Cointelegraph Markets Pro and TradingView tracked the BTC/USD pair as it added more than 7% after the close on Sept. 26. Local highs of $20,344 appeared on Bitstamp before the pair started to consolidate around $20,200. Will Bitcoin be able to achieve a monthly close in the green, and will the bulls be able to beat the “Septembear”?
Is it Bitcoin’s time to shine? The pound sterling falls to its historical low against the dollar
On September 26, Sterling hit a record low against the US dollar following the announcement of tax cuts and further debt increases to curb the impact of a potential economic downturn. But could British pound weakness be a positive for Bitcoin? Is it possible that the general population will turn to crypto once it realizes that people’s savings and investments are being devalued more aggressively?
Charles Hoskinson and Ethereum developers engage in a war of words after the Vasil update
Charles Hoskinson, founder of Cardano and co-founder of Ethereum, got into a war of words with Ethereum developers over implementing proof-of-stake consensus through Ethereum Merge. Hoskinson is known for his heated views on his old project, and bad blood between the two communities is nothing new. However, with both blockchains undergoing key upgrades to their networks, the recent exchange between the two parties highlights the disconnect between the blockchain communities.
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: choose a currency for the long term.
Then, market expert Marcel Pechman takes a close 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: XRP and Digg.
Do you have a question about a currency 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 one-month subscription to Markets Pro, valued at $100.
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