In this week’s “The Market Report,” Cointelegraph’s resident experts discuss the significance of the Ethereum merger, the latest CPI data, important things to know about Bitcoin (BTC) this week and altcoin analysis.
To kick things off, we’ve broken down the latest news in the markets this week.
Bitcoin price dropped by $1000 in 3 minutes as US CPI inflation overshoots. Bitcoin losses of 4% quickly follow as inflation does not cool as quickly as expected, resulting in a wave of crypto market selloffs. We take a deep dive into what the data means and its implications for the wider market. Does this mark the end of the recent price pump we saw earlier this week or will we bounce back when things settle down? We take a look at what President Joe Biden had to say about the latest CPI data, as well as what Crypto Twitter is discussing on the matter. There’s a lot to unpack here, so make sure you tune in as we break it down for you.
Fed, Merger and $22,000 BTC — 5 things you should know about Bitcoin this week. A bullish weekly close means Bitcoin will deal with a realized price as analysts speculate on high volatility in the coming days. With the new CPI data causing the price of Bitcoin to fall, can the merger bring some relief to the markets or will it cause further declines? We’ll also take a deep dive into the Ethereum Merge and explain why it’s such a significant event in cryptocurrency history and why you should be watching the developments closely. We also highlight certain scams that you need to be aware of to stay safe.
Price analysis: ADA, SOL and MATIC. Our experts take a look at several altcoins that have made interesting moves this week. They analyze the charts and suggest where the price might move. So be sure to stick around because you don’t want to miss this important information.
Next up is a new segment called “Crypto Quick Tips” which aims to provide quick and easy tips for those new to the crypto industry to get the most out of their experience. This week’s tip: Trade, don’t gamble.
Market expert Marcel Pechman then closely examines Bitcoin and Ether (ETH) markets. Are current market conditions bullish or bearish? What is the outlook for the next months? Pechman is here to break it down. Experts also go through some market news to bring you the latest on the two biggest cryptocurrencies.
Finally, we have insights from Cointelegraph Markets Pro, a platform for aspiring cryptocurrency traders stay one step ahead of the market. Analysts use Cointelegraph Markets Pro to identify three altcoins that stood out this week: Audius’ AUDIO token, Ocean Protocol token OCEAN and DIGG token DIGG.
Have a question about a coin or topic not listed 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 merch store.
The market report is broadcast live every Tuesday at 12:00 ET (16:00 UTC), so be sure to head over to Cointelegraph YouTube page and break Like and Subscribe buttons for all our future videos and updates.