What crashed the crypto relief rally? | Find out now on The Market Report
On this week’s “The Market Report” show, Cointelegraph’s resident experts discuss some of the main factors that contributed to the collapse of this bear market rally.
To kick things off, we broke down the latest news in the markets this week:
BTC to lose $21K despite miners’ capitulation exit? 5 things to know in Bitcoin this week. Miners are a glimmer of hope in a barren Bitcoin landscape this week ahead of a key Federal Reserve event in Jackson Hole. After dipping below $21,000 over the weekend, the largest cryptocurrency is consolidating around 10% lower than a week ago, and the fear across crypto markets is clearly visible. As August nears the end what will September bring in terms of inflation, price volatility and other macro triggers?
Data shows Bitcoin and altcoins at risk of a 20% drop to new yearly lows. The total crypto market capitalization dropped to the $1 trillion support, and weak stablecoin demand and a largely absent funding rate reflect traders’ negative sentiment. Will crypto investor's sentiment shift towards more bearish? Are we on our way to retest yearly lows?
Cryptocurrencies react to Jackson Hole, Fed rate hike plans and a weakening bear market rally. The price action in Bitcoin, altcoins and stocks reflects investors’ anxiety over the Fed’s rate hike plans, a weakening bear market rally and this week’s Jackson Hole economic symposium. Are the fear of future interest rate hikes by the Federal Reserve making investors nervous? Is this macro uncertainty keeping the institutional investors away from the crypto markets?
Bitcoin whales attack sellers at $22.3K as euro drops below USD parity. Bitcoin struggles to make a return to higher levels despite geopolitical uncertainty striking the Eurozone. The
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