What crashed the crypto relief rally?
On this week’s “The Market Report” show, Cointelegraph’s resident experts discuss some of the main factors that contributed to the collapse of this bear market rally.
To kick things off, we broke down the latest news in the markets this week
Bitcoin (BTC) To Lose $21K Despite Miners’ Capitulation Exit? Five things to know in Bitcoin this week. Miners are a glimmer of hope in a barren Bitcoin landscape this week ahead of a key Federal Reserve event in Jackson Hole. After falling below $21,000 over the weekend, the biggest cryptocurrency is consolidating around 10% lower than a week ago, and the fear across crypto markets is clearly visible. As August draws to a close, what will September bring in terms of inflation, price volatility and other macro triggers?
Data shows that Bitcoin and altcoins risk a 20% drop to new yearly lows. The total crypto market capitalization fell to the $1 trillion support, and weak demand for the stablecoin and a largely absent funding rate reflect traders’ negative sentiment. Will crypto investor sentiment turn more bearish? Are we about to retest annual lows?
Cryptocurrencies react to Jackson Hole, Fed rate hike plans and a weakened bear market rally. Price action in Bitcoin, altcoins and stocks reflects investor anxiety over the Fed’s rate hike plans, a weakened bear market rally and this week’s Jackson Hole Economic Symposium. Are fears of future rate hikes from the Federal Reserve making investors nervous? Is this macro uncertainty keeping the institutional investors away from the crypto markets?
Bitcoin whales attack sellers for $22.3K as Euro falls below USD parity. Bitcoin is struggling to return to higher levels despite geopolitical uncertainty affecting the Eurozone. Low weekends, however, preserved the declines from July. Could this mean the bear market rally could return? What happens if Bitcoin moves above the critical 200-week moving average (WMA)?
Next up is a new 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: Be careful with exchanges.
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 over some market news to keep you updated 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. The analysts use Cointelegraph Markets Pro to identify two altcoins that stood out this week: DeXe’s DEXE and DIGG’s DIGG.
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 CT store.
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