Market Update

Why are Bitcoin whales accumulating BTC? Watch The Market Report

On this week’s episode of The Market Report, Cointelegraph’s resident experts discuss why Bitcoin whales are accumulating right now and why this could be significant.

On this week’s The Market Report show, Cointelegraph’s resident experts discuss why Bitcoin (BTC) whales are accumulating right now and why this could be significant. Could this lead to the next bull run?

To kick things off, we break down the latest news in the markets this week:

Least volatile ‘Uptober’ ever — 5 things to know in Bitcoin this week

October 2022 has yet to prove itself as analysts predict “wild” Bitcoin price volatility for November. Bitcoin has started the last week of “Uptober” in a firmly average mood as the trading range to end all trading ranges continues to stick. Could this mean that a major trend change is about to occur? This week is going to be another important one with the release of the United States Personal Consumption Expenditures (PCE) Index for September. The week after will see the U.S. Federal Reserve meeting to decide on interest rate hikes based on specific data inputs, including PCE and the Consumer Price Index. The market currently expects another 75-basis-point hike, but what will the actual numbers be, and how will they impact the market?

What happened to all the hype around “Uptober?” So far, it has failed to deliver compared to October 2021. Some analysts are hoping for a dramatic turnaround in November, but Bitcoin has its work cut out for it if it’s going to reach anywhere near its previous all-time high.

Bitcoin will surge in 2023 — But be careful what you wish for

The Bitcoin community is divided about whether the token’s price is going to surge or crash in the year ahead. A majority of analysts and technical indicators suggest it could bottom between $12,000 and $16,000 in the months to come. This correlates with a volatile macroeconomic environment, stock prices, inflation, Federal data and, at least according to Elon Musk, a possible recession that could last until 2024. Meanwhile, influencers, BTC maximalists and a range of other fanatical “shills” maintain its price could skyrocket to $80,000 and beyond. There is evidence to support both sides. We discuss what next year could bring for Bitcoin.

Our experts cover these and other developing stories, so make sure you tune in to stay up-to-date on the latest in the world of crypto.

Next up 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: Moving averages.

Lastly, we’ve got 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 stood out this week, so make sure to tune in to find out.

Do you have a question about a coin or topic not covered here? Don’t worry. Join the YouTube chat room and write your questions there. The person with the most interesting comment or question will stand a chance to win a one-month subscription to Markets pro.

The Market Report streams live every Tuesday at 12:00 pm ET (4:00 pm UTC), so be sure to head on over to Cointelegraph’s YouTube page and smash those Like and Subscribe buttons for all our future videos and updates.

When will the crypto bear market end? Watch The Market Report

On this week’s episode of The Market Report, Cointelegraph’s resident experts discuss how much longer this crypto winter could last.

On this week’s The Market Report show, Cointelegraph’s resident experts discuss how much longer this crypto bear market could possibly last and when we could see some volatility back in the markets.

To kick things off, we break down the latest news in the markets this week:

Bitcoin price edges closer to $20K as ‘way worse’ US data boosts stocks

A relief bounce on risk assets looks in store after Empire State Manufacturing Index numbers for October fall far short of expectations. The numbers fell to -9.1 for October, heavily below the forecast -4.3 and September’s -1.5 reading. Some industry analysts consider this to be way worse than expected, but could this actually cause Bitcoin (BTC) to rally in the near future?

Bitcoin clings to $19K as trader promises capitulation ‘will happen’

Bitcoin stayed rigidly tied to $19,000 into the Oct. 16 weekly close as analysts warned that volatility was long overdue. After United States economic data sparked a series of characteristic fakeout events over the week, Bitcoin returned to its original position and is showing no signs of leaving its established range. When will volatility return to the markets and bring some excitement along with it?

Post-midterm elections dump? Bitcoin will see $12K if this 2018 BTC chart fractal is correct

Bitcoin accumulation during the 2022 bear market looks stronger than in 2018, but macro headwinds could spoil the party this time around. While Bitcoin investors may not consider the United States midterm elections a significant event, an eerie fractal from 2018 may provide a clue to what could happen before the year ends.

Our experts cover these and other developing stories, so make sure you tune in to stay up-to-date on the latest in the world of crypto.

Next up 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: Relative strength index (RSI)

Market expert Marcel Pechman then carefully examines the BTC 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.

$25K or $15K BTC — CPI and US inflation data coming out on Thursday: Watch The Market Report

On this week’s episode of The Market Report, Cointelegraph’s resident experts discuss the new CPI data and U.S. inflation rate to be announced on Thursday, Oct. 13.

On this week’s The Market Report show, Cointelegraph’s resident experts discuss if the new consumer price index (CPI) and United States inflation data will be bullish or bearish for Bitcoin (BTC).

To kick things off, we break down the latest news in the markets this week:

Macro forces are brewing, while Bitcoin network fundamentals defy the bears — which side will win out when it comes to BTC price action? The price of Bitcoin has been relatively uneventful and boring these past few days, but there are some signs that a big move up or down is incoming. We take a look at some reasons why Bitcoin is due to make a move in a big way. We also discuss if it’s finally time for a Bitcoin price bottom.

BTC price action may stay cool until Oct. 12, one analyst argues, as a historical volatility indicator prints a rare warning signal. With the week tipped to provide serious fuel for a potential volatility breakout, Michaël van de Poppe, founder and CEO of trading firm Eight, suggested that traders may get another 48 hours’ grace. We take a look at what insights he has to offer with regard to the current market environment.

Our experts cover these and other developing stories, so make sure you tune in to stay up-to-date on the latest in the world of crypto.

Next up 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: What are support and resistance levels?

Do you have a question about a coin or topic not covered here? Don’t worry. Join the YouTube chat room and write your questions there. The person with the most interesting comment or question will be given a 1-month subscription to Cointelegraph Markets Pro.

If Credit Suisse collapses, will it bring more volatility to the crypto market? Watch The Market Report

On this week’s episode of The Market Report, Cointelegraph’s resident experts discuss the Credit Suisse situation and what impact it would have on the cryptocurrency market if it did collapse.

On this week’s The Market Report show, Cointelegraph’s resident experts discuss if the potential collapse of the Credit Suisse bank could bring more volatility in the crypto market.

To kick things off, we break down the latest news in the markets this week:

BTC price still not at ‘max pain’

Bitcoin (BTC) starts 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 largest cryptocurrency still lacks direction as nerves heighten over the resilience of the global financial system. Europe still seems to be at the top of everyone’s minds as the latest news about the potential collapse of major global banks, particularly Credit Suisse and Deutsche Bank, looms overhead. What impact would 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 we’ve previously seen? With everything going on in the financial world at the moment, it seems like this bear market is shaping up to be unlike any other.

Robert Kiyosaki calls Bitcoin a ‘buying opportunity’ as US dollar surges

Robert Kiyosaki, businessman and best-selling author of Rich Dad Poor Dad, has called BTC, silver and gold a “buying opportunity” amid the strengthening United States dollar and continued interest rate hikes. He suggests the U.S. Federal Reserve could start to pivot and drop interest rates as soon as January 2023, which could lead to Bitcoin and other commodity price reversals. Could this be a huge buying opportunity? Our experts analyze the situation.

Our experts cover these and other developing stories, so make sure you tune in to stay up-to-date on the latest in the world of crypto.

Next up 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: trickle investment buying.

Market expert Marcel Pechman then carefully 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 bring you up-to-date on the latest regarding the top two cryptocurrencies.

Do you have a question about a coin or topic not covered here? Don’t worry. Join the YouTube chat room and write your questions there. The person with the most interesting comment or question will be given a $50 gift voucher to the Cointelegraph swag store.

Next few weeks are ‘critical’ for stock market and Bitcoin, analyst says

Alessio Rastani, a cryptocurrency analyst and trader, shares his outlook on crypto, stocks and the forex market for the next weeks.

The stock market’s movements in the next few weeks will be critical for determining whether we are heading towards a short-term recession or a long-term one, according to forex trader and crypto analyst Alessio Rastani.

During the October-December 2022 period, the analyst expects to see the S&P rallying. “If that bounces or rally fails and drops back down again, then very likely, we’re entering a long-term recession and something very close to similar to 2008,” said Rastani in the latest Cointelegraph interview.

According to the analyst, such a recession could last until 2024 and would inevitably negatively impact the price of Bitcoin (BTC).

Talking about the latest pound sterling crisis, Rastani opined that its principal cause is the rally of the U.S. dollar, which is putting pressure on most other fiat currencies, including the yen and the euro. However, in Rastani’s view, the U.S. dollar is approaching the top.

“Once we see a clean break, a sustained break, of 111.5 and 110 levels on the dollar index, then I think the top is in for the dollar. And then I’m looking for a multi-month decline in the dollar back to 104 to the 100 level on the dollar index,” he explained.

Check out the full interview on our YouTube channel and don’t forget to subscribe!

The British pound collapse and its impact on cryptocurrency: Watch the Market Report

On this week’s episode of The Market Report, Cointelegraph’s resident experts discuss the fall of the British pound and its impact on the cryptocurrency market.

On this week’s The Market Report show, Cointelegraph’s resident experts discuss why the British pound is at its all-time low and how that might impact the cryptocurrency market.

To kick things off, we break down the latest news in the markets this week:

Bitcoin gains 5% to reclaim $20K, eyes first ‘green’ September since 2016

A classic snap of sideways trading action sees Bitcoin’s (BTC) price aim higher, but concerns remain over what happens next. Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it added over 7% after the Sept. 26 close. Local highs of $20,344 appeared on Bitstamp before the pair began consolidating at around $20,200. Can Bitcoin achieve a green monthly close, and will the bulls be able to beat “Septembear?”

Is it Bitcoin’s time to shine? British pound drops to all-time low against the dollar

On Sept. 26, the British pound hit a record low against the United States dollar following the announcement of tax cuts and further debt increases to curb the impact of a possible economic recession. But could the British pound’s weakness be a positive for Bitcoin? Is it possible for the general population to move to cryptocurrencies once it realizes that people’s savings and investments are being devalued more aggressively?

Charles Hoskinson and Ethereum dev get into a war of words post-Vasil upgrade

Charles Hoskinson, founder of Cardano and co-founder of Ethereum, got into a war of words with Ethereum developers on the implementation of the proof-of-stake consensus via the Ethereum Merge. Hoskinson is known for his hot takes on his former project, and the bad blood between the two communities is nothing new. However, with both blockchains undergoing key upgrades on their networks, the recent exchange between the two sides highlights the disconnect between blockchain communities.

Next up 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: Choosing a long-term coin.

Market expert Marcel Pechman then carefully 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 bring you up to date on the latest regarding the top two cryptocurrencies.

Do you have a question about a coin or topic not covered here? Don’t worry. Join the YouTube chat room and write your questions there. The person with the most interesting comment or question will be given a one-month subscription to Markets Pro, worth $100.

XRP price breaks out of range with a 25% rally, but why?

XRP attracts buyers after the hope of a positive court ruling triggers a 25% rally above a key longer term resistance level.

Crypto markets are flashing a bit of green on Sept. 22 as Bitcoin (BTC) price tacked on a 4.7% gain to trade above $19,300 and Ether (ETH) surged 6.5% to recapture the $1,300 level.

RSR and Astar Network (ASTAR) also surged by 23% and 17% respectively, but the more notable mover of the day was XRP.

Currently, XRP price reflects a near 25% gain and the asset is up 41% in the past month. According to defense lawyer James K. Filan, on Sept. 18, Ripple Labs filed a motion for summary judgment — a legal process that involves the court making a final decision based on the provided facts, rather than ordering a trial — and a decision on whether XRP is a security is expected by mid-December.

#XRPCommunity #SECGov v. #Ripple #XRP 1/2 The parties have filed a request that any motions by third-parties to seal portions of the parties’ summary judgment filings be filed subject to the Court’s September 12, 2022 order. pic.twitter.com/J6rbeRXmHi

— James K. Filan 113k (beware of imposters) (@FilanLaw) September 19, 2022

Excitement over the news could be improving investor sentiment about the longer-term prospects for XRP.

From the perspective of technical analysis, XRP price is looking to secure a second daily close above a longterm descending trendline resistance and trading volumes and open interest on futures contracts have risen sharply in the past 24-hours.

*XRP/USDT 1-day chart. Source: TradingView*

According to Cointelegraph market analyst Marcel Pechman:

“XRP’s open interest is now at $575 million up from $310 million just a week ago.”

Traders who are not yet positioned might consider waiting to see if the 200-day moving average at $0.49 is flipped to support over the next few daily closes. Typically, intraday and swing traders take profit at longer term resistance levels and they also anticipate price rejections and lower support retests after an asset manages a breakout from a period of long consolidation, price bottom or a market structure-altering move.

Crypto analytics data provider TheKingfisher drove a similar point by suggesting that buyers would “likely have an opportunity to long XRP lower.”

You’ll likely have an opportunity to long $XRP lower if that’s what you’re looking for
Don’t FOMO, Long the long liquidations https://t.co/jmaCFVVOvn pic.twitter.com/TP9SW6OmXO

— TheKingfisher (@kingfisher_btc) September 22, 2022

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Fed interest rate hike rattles the crypto market: Dig deeper with Market Talks

The Fed has once again increased interest rates by another 75 basis points. Join us as we discuss this and more with Tim Warren, co-host of Coffee N Crypto, and Yashu Gola, a Cointelegraph market analyst.

In this week’s episode of Market Talks, we welcome Yashu Gola, a Mumbai-based financial analyst and technology journalist at Cointelegraph with a strong focus on Bitcoin (BTC), smart contracts, exchange assets, nonfungible tokens, commodities and global stocks. Gola has been covering the cryptocurrency industry since 2014 and does not expect to stop anytime soon.

First things first, the United States Federal Reserve has just announced a 75-basis-point increase in interest rates, which resulted in the markets taking a tumble. Why did this happen, what difference does it make to you, and why should you be concerned? We asked Gola to break it down for us.

Is Fed Chair Jerome Powell just prolonging the economic pain by slowly increasing interest rates, or should he just rip the band-aid off and increase the rate to the year-end target of 4.4%? What impact would that have on the market, and how will the number one cryptocurrency, BTC, react to it? What is the Fed’s actual plan to fight off inflation, and is it really working?

Is there more pain in store for Bitcoin? With the U.S. dollar on the rise, it seems that more and more people are running toward cash and cash-based instruments compared to riskier assets. If the Fed decides to raise interest rates by another 75 basis points, could Bitcoin drop lower than its current technical support range of $18,000–$20,000?

We also ask Gola if he’s keeping an eye on any significant Bitcoin price levels, and what they might be, considering all the macro factors at play. Will Bitcoin ever decouple from the traditional stock market? What would it take for that to happen? Gola enlightens us with his thoughts on the topic.

Tune in to have your voice heard. We’ll be taking your questions and comments throughout the show, so be sure to have them ready to go.

Market Talks with Coffee N Crypto’s Tim Warren streams live every Thursday at 12:00 pm ET (4:00 pm UTC). Each week, we feature interviews with some of the most influential and inspiring people from the crypto and blockchain industry. So, be sure to head on over to Cointelegraph’s YouTube page and smash those Like and Subscribe buttons for all our future videos and updates.

Crypto and stocks soften ahead of Fed rate hike, but XRP, ALGO and LDO look ‘interesting’

Crypto and stock markets continue to correct, but that doesn’t mean all the investment opportunities are gone.

Prices remain soft across the market as traders await Federal Reserve Chair Jerome Powell’s statement on the size of the next interest rate hike.

At the moment, the market consensus is a 0.75 bps rate hike and a sliver of analysts are banking on 1%.

Stocks also appear en route to close the day in the red, with the Dow down 0.75% and the S&P 500 and Nasdaq registering a 0.79% and 0.64% loss, respectively. Bitcoin (BTC) continues to fight what appears to be a losing battle at the $19,000 mark, while Ether (ETH) dug a little deeper into its post-Merge dip by making an intra-day low at $1,329.

While BTC, ETH and altcoins aren’t making any notable moves that defy the current downtrend, from the perspective of market structure and technical analysis, there are a few interesting developments occurring.

Lido (LDO) has corrected alongside Ethereum now that the Merge-trade fervor has subsided, but the asset currently trades in what some would say is a bull flag. While ETH bulls and traders might have taken profits on their long Ether positions, the Merge was a success, stakers and validators still derive yield from the altcoin and the fundamentals that turned investors bullish on Ether remain present.

Ideally, if Ether’s decentralized applications (DApps) and active users continue to expand and traders keep accumulating, then in an otherwise down market, yield should be a capital magnet, no?

*LDO/USDT 1-day chart. Source: TradingView*

From a market structure point of view, Ripple (XRP) looks interesting, and there’s been a ton of social chatter about it on Twitter lately. Following the usual hopium-laced narrative, members of the XRP army have been suggesting that if XRP beats its SEC case and is not deemed a security, the price could “moon.”

Of course, solid fundamentals and signs of growth via new address and an in-demand product to market fit should drive investments, but in the absence of that, the market structure does look interesting.

Basically, there’s a pre-bull market precedent of a lengthy consolidation phase within a rounding bottom that is somewhat similar to what we can see from the last 137 days. Volumes are kicking up, price broke through a long-term descending trendline that has historically served as resistance and from the perspective of XRP’s HTF market structure, one might conclude that a price bottom has been found.

But, as a word of caution, hype and expectation tend to trigger volume surges. Regardless of whether the SEC decides that XRP is a security or the opposite, investor excitement could still peter out and the price could simply trade in the same sideways range in perpetuity or until the “next bull market.”

*ALGO/USDT 2-day chart. Source: TradingView*

Algorand’s (ALGO) market structure also looks interesting. Price fully retraced the complete bull market rally and now trades in the same range as it did in 2019 and 2020. Occasional buy volume pops haven’t been sustained for long enough to clear the $0.40 level, but things could get spicy if a few daily closes above this zone and a test of the 200-MA at $0.48 occurred.

If the wider market began to consolidate and ALGO buy volume sustains, flipping this moving average to support could see an upside to $0.69, and daily closes above $0.80 would set a significantly higher high that would indicate confirmation of a trend reversal.

As a disclaimer, these charts simply reflect assets that look “interesting.” Currently, the market is still overwhelmingly bearish and large caps like BTC and ETH have yet to find a bottom.

Ultimately, it’s the Federal Reserve that is calling the shots on what happens in risk assets like crypto. So take these snapshots with a grain of salt and proceed with caution.

Crypto market dumps after Ethereum Merge, why? Watch The Market Report

On this week’s episode of “The Market Report,” Cointelegraph’s resident experts discuss why the crypto market is dumping after the Ethereum Merge and the top headlines in the crypto space.

On this week’s “The Market Report” show, Cointelegraph’s resident experts discuss why the crypto market is dumping after the Ethereum Merge and why the bears are winning.

To kick things off, we break down the latest news in the markets this week:

Biggest Fed rate hike in 40 years? Five things to know in Bitcoin this week

Bitcoin (BTC) faces another week of “huge” macro announcements after the lowest weekly close since July. The main event for the week will be the United States Federal Reserve’s decision on key interest rates. How will the market react after the new rate hikes are announced? Is there hope for a pump, or will we continue this downward trajectory? Is $18,000 Bitcoin going to become the new normal? When can we expect to see the real bottom? We also discuss the U.S. dollar index and Ethereum’s post-Merge blues. There is a lot to unpack here, so make sure you stick around for all the latest information.

Terra co-founder Do Kwon says he’s not “on the run”

Do Kwon didn’t reveal his whereabouts in a series of tweets refuting claims he’d fled Singapore after an arrest warrant was issued on Wednesday. What will be the final outcome of this whole fiasco? Is it possible for all parties involved to come to a conclusion where everyone is content and justice has been served? Have your opinion on the matter heard by letting us know what you think in the comments section of the livestream, and we’ll give you a shoutout live!

$160 million stolen from crypto market maker Wintermute

Wintermute, a cryptocurrency market maker based in the United Kingdom, became the latest victim of decentralized finance hacks, losing approximately $160 million, according to Evgeny Gaevoy, the company’s founder and CEO. Another day, another hack in the world of crypto. We break down all the details for you and keep you informed about what exactly happened so you’re up to date.

Michael Saylor can’t stop: MicroStrategy now holds 130,000 Bitcoin

MicroStrategy now owns 0.62% of all the Bitcoin that will ever be mined. The company’s executive chairman, Michael Saylor, announced that the company bought another 301 BTC for roughly $6 million at an average price of $19,851 per BTC. What do you think about Michael Saylor’s latest move, and what would you do if you had $6 million in excess cash lying around? Let us know in the comments section of our YouTube livestream.

This week, we’ve got something new and fresh for our viewers. Our very own head of markets, Ray Salmond, will be joining and bringing with him two special guests: Joe Burnett, head analyst at Blockware Solutions, and Pierre Rochard, vice president of research at Riot Blockchain, both of whom have authored a report on Bitcoin transaction fees, network security and how attacks on the Bitcoin network might or might not succeed. Joining them will be one of our favorite experts, Marcel Pechman. It’s going to be an engaging and insightful conversation about Bitcoin mining and security that you don’t want to miss. You can even ask our guests your own questions in the chat section of the YouTube livestream.

Next up 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: scalping.

Do you have a question about a coin or topic not covered here? Don’t worry. Join the YouTube chat room, and write your questions there. The person with the most interesting comment or question will be given a one-month subscription to Markets Pro, worth $100.

The Market Report streams live every Tuesday at 12:00 pm ET (4:00 pm UTC), so be sure to head on over to Cointelegraph’s YouTube page, and smash those like and subscribe buttons for all our future videos and updates.