Could a Grayscale Bitcoin Trust collapse be the next black swan event? Watch The Market Report
On this week’s The Market Report show, Cointelegraph’s resident experts discuss what the ramifications would be if Grayscale Bitcoin Trust were to collapse.
We start off this week’s show with the latest news in the markets:
GBTC next BTC price black swan? — 5 things to know in Bitcoin this week
Bitcoin (BTC), the largest cryptocurrency, just like the rest of the crypto industry, remains highly susceptible to downside risk as it continues to deal with the fallout from the implosion of exchange FTX.
Contagion is the word on everyone’s lips as November grinds on — just like the Terra collapse earlier this year — and fears are that new victims of FTX’s giant liquidity vortex will continue to surface. Grayscale Bitcoin Trust (GBTC) seems to be on everyone’s radar this week for all the wrong reasons. Will it be the next black swan event? We break down all the details surrounding GBTC to keep you up-to-date.
Data shows traders are slightly bullish even as crypto’s total market cap falls under $800B
The total crypto market capitalization has dropped under $800 billion, but data highlights a few reasons why some traders are bullish. Our very own Marcel Pechman breaks down why some traders are actually bullish, a sentiment that seems highly counter-intuitive. Marcel has some very good reasons for this, so make sure you tune in to find out.
Cardano to launch new algorithmic stablecoin in 2023
Proof-of-stake blockchain platform Cardano has partnered with Coti, a directed acyclic graph-based layer-1 protocol, to launch what it refers to as an overcollateralized algorithmic stablecoin. The project said in an announcement provided to Cointelegraph that the stablecoin would be backed by excess collateral in the form of cryptocurrency stored in
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