On this week’s “The Market Report” present, Cointelegraph’s resident specialists focus on why the crypto market is dumping after the Ethereum Merge and why the bears are successful.
To kick issues off, we break down the newest information within the markets this week:
Biggest Fed rate hike in 40 years? Five things to know in Bitcoin this week
Bitcoin (BTC) faces one other week of “large” macro bulletins after the bottom weekly shut since July. The primary occasion for the week can be the USA Federal Reserve’s resolution on key rates of interest. How will the market react after the brand new fee hikes are introduced? Is there hope for a pump, or will we proceed this downward trajectory? Is $18,000 Bitcoin going to change into the brand new regular? When can we count on to see the actual backside? We additionally focus on the U.S. greenback index and Ethereum’s post-Merge blues. There’s a lot to unpack right here, so ensure you stick round for all the newest info.
Terra co-founder Do Kwon says he’s not “on the run”
Do Kwon didn’t reveal his whereabouts in a collection of tweets refuting claims he’d fled Singapore after an arrest warrant was issued on Wednesday. What would be the remaining consequence of this complete fiasco? Is it doable for all events concerned to come back to a conclusion the place everyone seems to be content material and justice has been served? Have your opinion on the matter heard by letting us know what you assume within the feedback part of the livestream, and we’ll provide you with a shoutout reside!
$160 million stolen from crypto market maker Wintermute
Wintermute, a cryptocurrency market maker primarily based in the UK, turned the newest sufferer of decentralized finance hacks, shedding roughly $160 million, in line with Evgeny Gaevoy, the corporate’s founder and CEO. One other day, one other hack on this planet of crypto. We break down all the small print for you and preserve you knowledgeable about what precisely occurred so that you’re updated.
Michael Saylor can’t stop: MicroStrategy now holds 130,000 Bitcoin
MicroStrategy now owns 0.62% of all of the Bitcoin that may ever be mined. The corporate’s government chairman, Michael Saylor, introduced that the corporate purchased one other 301 BTC for roughly $6 million at a mean worth of $19,851 per BTC. What do you consider Michael Saylor’s newest transfer, and what would you do if you happen to had $6 million in extra money mendacity round? Tell us within the feedback part of our YouTube livestream.
This week, we’ve acquired one thing new and contemporary for our viewers. Our very personal head of markets, Ray Salmond, can be becoming a member of and bringing with him two particular friends: Joe Burnett, head analyst at Blockware Options, and Pierre Rochard, vp of analysis at Riot Blockchain, each of whom have authored a report on Bitcoin transaction charges, community safety and the way assaults on the Bitcoin community may or won’t succeed. Becoming a member of them can be one in every of our favourite specialists, Marcel Pechman. It’s going to be an enticing and insightful dialog about Bitcoin mining and safety that you just don’t need to miss. You’ll be able to even ask our friends your personal questions within the chat part of the YouTube livestream.
Subsequent up is a section referred to as “Fast Crypto Suggestions,” which goals to provide newcomers to the crypto business fast and simple tricks to get probably the most out of their expertise. This week’s tip: scalping.
Lastly, we’ve acquired insights from Cointelegraph Markets Pro, a platform for crypto merchants who need to keep one step forward of the market. Our analysts use Cointelegraph Markets Professional to establish two altcoins that stood out this week: Pangolin’s PNG and Rari Capital’s Rari Governance Token (RGT).
Do you’ve got a query a couple of coin or subject not lined right here? Don’t fear. Be part of the YouTube chat room, and write your questions there. The individual with probably the most fascinating remark or query can be given a one-month subscription to Markets Professional, value $100.
The Market Report streams reside each Tuesday at 12:00 pm ET (4:00 pm UTC), so make sure you head on over to Cointelegraph’s YouTube page, and smash these like and subscribe buttons for all our future movies and updates.