In this week’s episode of Market Report, Cointelegraph’s resident experts discuss the Credit Suisse situation and the impact it would have on the cryptocurrency market if it were to fall.
In this week’s The Market Report, Cointelegraph’s resident experts discuss whether the potential collapse of Credit Suisse Bank will lead to more volatility in the crypto market.
To begin, we break down the latest news in the markets this week:
BTC price is not yet at “peak pain”
begins a new week in a precarious place as global macro instability dictates the mood. 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 on the mind as the latest news about the possible collapse of major global banks, notably Credit Suisse and Deutsche Bank, hangs over us. What impact would this have on the cryptocurrency market, and could this be Bitcoin’s time to shine, or will these and other macro factors force the price lower than we’ve seen before? With everything going on in the financial world right now, it looks like this bear market is unlike any other.
Robert Kiyosaki calls Bitcoin a “buying opportunity” as the US dollar rises
Robert Kiyosaki, businessman and author of the best-selling book Rich Dad Poor Dad, called BTC, silver and gold a “buying opportunity” amid a strengthening US dollar and further interest rate hikes. He suggests that the US Federal Reserve may pivot and lower interest rates as soon as January 2023, which could lead to price reversals for Bitcoin and other commodities. Could this be a great buying opportunity? Our experts analyze the situation.
Our experts cover these and other developing stories, so be sure to sign up to stay up-to-date on the cryptocurrency world.
Next is a segment called “Quick Crypto Tips”, which aims to give newcomers to the crypto industry quick and easy tips to get the most out of their experience. This week’s tip: buy drip investment.
Market expert Marcel Pechman then carefully examines Bitcoin and Ether
Markets. Are current market conditions bullish or bearish? What is the outlook for the coming months? Pechman is here to break it down. The experts also review some market news to bring you up to date on the latest two cryptocurrencies.
Finally, we have 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 stand out this week – stay tuned to find out which ones.
Have a question about a coin or topic not covered here? Do not worry. Join the YouTube chat room and write your questions there. The person with the most interesting comment or question will receive a $50 gift voucher to the Cointelegraph gift shop.
The market report is broadcast live every Tuesday at 12:00.