If Credit Suisse collapses, will it add more volatility to the crypto market? See the market report
On this week’s The Market Report show, Cointelegraph’s resident experts discuss whether the potential collapse of Credit Suisse bank could add more volatility to the crypto market.
To kick things off, we’re sharing the latest news on the markets this week:
BTC Price Still Not At ‘Max Pain’
Bitcoin (BTC) starts another week in a precarious spot as global macro instability dictates sentiment. After sealing a weekly close just inches above $19,000, the biggest cryptocurrency still lacks direction as nerves mount over the resilience of the global financial system. Europe still seems to be at the top of everyone’s mind, as the latest news of the potential collapse of major global banks, particularly Credit Suisse and Deutsche Bank, looms overhead. What impact will this have on the cryptocurrency market, and could this give Bitcoin its time to shine, or will this and other macro factors force the price lower than we have previously seen? With everything going on in the financial world at the moment, this bear market seems to be unlike any other.
Robert Kiyosaki calls Bitcoin a “buying opportunity” as the US dollar rises
Robert Kiyosaki, businessman and best-selling author of Rich Dad Poor Dad, has called BTC, silver and gold a “buying opportunity” amid the strengthening US dollar and continued interest rate hikes. He suggests that the US Federal Reserve could begin to swing and cut interest rates as soon as January 2023, which could lead to a reversal in Bitcoin and other commodity prices. Could this be a great buying opportunity? Our experts analyze the situation.
Our experts cover these and other developing stories, so make sure you tune in to stay up-to-date on the latest in the crypto world.
Next up is a segment called “Quick Crypto Tips,” which aims to provide newcomers to the crypto industry with quick and easy tips to get the most out of their experience. Tip of the week: maintenance investments.
Market expert Marcel Pechman then closely examines the Bitcoin and Ether (ETH) markets. Are the current market conditions bullish or bearish? What is the outlook for the next few months? Pechman is here to break it down. The experts also go through some market news to bring you up to date on the latest on the top two cryptocurrencies.
Finally, we’ve got insights from Cointelegraph Markets Pro, a platform for crypto 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: tune in to find out which ones.
Have a question about a coin or a topic not covered here? Do not worry. Join the YouTube chat room and post your questions there. The person with the most interesting comment or question will receive a $50 gift card to the Cointelegraph swag store.
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