In this week’s Market Report, Cointelegraph resident experts discuss the importance of Ethereum consolidation and why it could be the biggest shift in the history of cryptocurrencies.
In this week’s Market Report, resident Cointelegraph experts discuss the importance of the Ethereum Merge, the latest CPI data, and important things to know about Bitcoin.
this week and altcoin analysis.
To start, we published the latest news in the markets this week.
The price of bitcoin fell $1,000 in 3 minutes as the US consumer price index topped inflation. Bitcoin’s 4% loss comes quickly as inflation did not cool down as quickly as expected, causing a sell-off in the cryptocurrency market. We will delve into what the data means and what it means to the wider market. Does this mean the end of the last price increase we saw earlier this week, or will we move up as things improve? We’ll take a look at what President Joe Biden has to say about the latest CPI data, as well as what Crypto Twitter is discussing on the subject. There’s a lot to pack here, so stay tuned as we spread the word for you.
Fed, merger and $22,000 BTC – 5 things to know about bitcoin this week. As analysts speculate on massive volatility in the coming days, the weekly bullish close shows Bitcoin heading towards a realization price. With the new CPI data leading to a drop in the price of bitcoin, could the merger ease the markets a little or cause further falls? We will also take a closer look at the Ethereum convergence and explain why this is such an important event in the history of the cryptocurrency and why you should be aware of the events. We also point out some types of scams that you need to be aware of in order to be on the safe side.
Price analysis: ADA, SOL and MATIC. Our experts are reviewing several altcoins that are making interesting moves this week. They analyze charts and draw conclusions about where the price might go. So make sure you stay here as you don’t want to miss out on this important information.
What follows is a new section titled Crypto Quick Tips, which aims to provide quick and easy tips for newcomers to the crypto industry to get the most out of their experience. This week’s tip: trade, don’t play.
Market expert Marcel Pechman then takes a close look at Bitcoin and Ethereum.
markets. Are current market conditions bullish or bearish? What are the prospects for the next few months? Pechman is here to film it. Experts are also reviewing some market news to keep you up to date with the top two cryptocurrencies.
Finally, we received information from Cointelegraph Markets Pro, a platform for crypto traders who want to stay one step ahead of the market. Analysts are using Cointelegraph Markets Pro to identify three popular altcoins this week: Audius AUDIO token, Ocean Protocol OCEAN token, and DIGG DIGG token.
Do you have a question about a coin or topic that is not covered here? Do not worry. Join the YouTube chat and ask your questions there. The person who makes the most interesting comment or question will receive a $50 gift card to the Cointelegraph merchandise store.
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