Presenting a market report this week, Cointelegraph-based experts discussed whether the potential collapse of Credit Suisse could lead to more volatility in the cryptocurrency market.
To kick things off, we’ve broken down the latest news in the markets this week:
Bitcoin Price Still Not At ‘Maximum Pain’
Bitcoin (BTC) starts another week in a volatile spot as global macro instability forces sentiment. After closing a weekly close just above $19,000, the biggest cryptocurrency still lacks direction as nerves rise over the resilience of the global financial system. Europe is still seemingly at the top of everyone’s mind as the latest news breaks about the possible collapse of major global banks, notably Credit Suisse and Deutsche Bank. 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 what we saw previously? With everything going on in the financial world at the moment, this bear market seems to be unlike any other.
Robert Kiyosaki describes bitcoin as a “buying opportunity” as the US dollar rises
Robert Kiyosaki, entrepreneur and best-selling author of Rich Dad Poor Dad described Bitcoin, silver and gold as a “buying opportunity” amid the rising US dollar and persistent interest rate hikes. He suggests that the US Federal Reserve will start setting and lowering 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 breaking stories, so be sure to tune in to stay up-to-date in the cryptocurrency 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: Lean investment in purchases.
Next, market expert Marcel Bichmann closely examines the Bitcoin and Ether (ETH) markets. Are current market conditions bullish or bearish? What are the expectations for the next few months? Pechman is here to break it. Experts also review some market news to keep you updated regarding the two main cryptocurrencies.
Finally, we have insights from Cointelegraph Markets Pro, a platform for cryptocurrency traders who want to stay one step ahead of the market. Our analysts use Cointelegraph Markets Pro to identify two cryptocurrencies that have emerged this week:
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