On this week’s “The Market Report” show, Cointelegraph’s resident experts discuss why the crypto market is falling after the Ethereum meltdown and why the bears are winning.
To start, we break down the latest market news for this week.
Biggest Fed rate hike in 40 years? Five things to know in Bitcoin this week. Bitcoin (BTC) is facing another week of “huge” macroeconomic announcements following the lowest weekly close since July. The main event of the week will be the Federal Reserve’s decision on key interest rates. How will the market react after the announcement of the new rate hikes, is there hope of an increase or will we continue with this downward trajectory? Will a Bitcoin normalize at $18,000? When can we expect to see the true bottom? We also talk about DXY and Ethereum’s depression after the merger. There’s a lot to unpack here, so make sure you stick around for all the latest information.
Terra co-founder Do Kwon says he’s not “on the run.” Do Kwon did not reveal his whereabouts in a series of tweets refuting claims that he had fled Singapore after an arrest warrant was issued on Wednesday. What will be the end result of this whole fiasco? Is it possible for all parties involved to come to a conclusion where everyone is happy and justice has been done? Make your opinion heard on the matter by letting us know what you think in the comments section of the livestream and we’ll give you a shout out live!
$160 million theft from cryptocurrency market maker Wintermute. Wintermute, a UK-based cryptocurrency market maker, became the latest victim of decentralized finance (DeFi) hacks, losing an estimated $160 million., according to Evgeny Gaevoy, founder and CEO of the company. Another day, another hack in the world of cryptocurrencies. We tell you all the details and keep you informed of exactly what has happened so that you are up to date.
Michael Saylor can’t stop: MicroStrategy now owns 130,000 Bitcoin. MicroStrategy now owns 0.62% of all Bitcoin (BTC) that will ever be mined. The company’s CEO, Michael Saylor, announced that the company bought another 301 BTC for around $6 million at an average price of $19,851 per BTC. What do you think of Michael Saylor’s latest move and what would you do if you had an excess $6 million lying around? Let us know in the comments section of our live stream on YouTube.
This week, we have something new and fresh for our viewers. Ray Salmond will be joining us, bringing with him two special guests, Joe Burnett, Chief Analyst at Blockware Solutions and Pierre Rochard, Vice President of Research at RIOT, both authors of a report on Bitcoin transaction fees, security of the network and how attacks on the Bitcoin network might or might not succeed. Joining them will be one of our favorite pundits, Marcel Pechman. It’s going to be an interesting and insightful conversation about Bitcoin mining and security that you don’t want to miss. You can even ask our guests your own questions in the chat section of the YouTube livestream.
Next, a new 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 is: scalping.
Finally, we have the opinions of Cointelegraph Markets Pro, a platform for cryptocurrency traders who want to be one step ahead of the market. Analysts use Cointelegraph Markets Pro to identify two altcoins that stood out this week: Pangolin’s PNG and Rari Governance Token’s RGT.
Do you have a question about a coin or a 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 worth $100.
The Market Report airs live every Tuesday at 12:00 pm ET (4:00 pm UTC), so be sure to head over to Cointelegraph’s YouTube page and hit the “like” and “subscribe” buttons. to see all our future videos and updates.
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