In this week’s show “The Market Report”, Cryptooshala’s resident experts discuss why the crypto market is getting dumped after the Ethereum merge and why the bears are winning.
To start things off, we analyze the latest news in the markets this week:
Biggest Fed rate hike in 40 years? Five things to know about bitcoin this week
Bitcoin (BTC) is facing another week of “huge” macro announcements after its lowest weekly close since July. The main event for the week will be the United States Federal Reserve’s decision on key interest rates. What will be the reaction of the market after the announcement of the new rate hike? Is there any hope for the pump, or will we continue on this downward trajectory? Is $18,000 bitcoin going to be the new normal? When can we expect to see the actual bottom? We also discuss the US Dollar Index and the post-merge blues of Ethereum. There’s a lot to unpack here, so make sure you stay tuned for all the latest information.
Terra Co-Founder Do Kwon Says He’s Not “On the Run”
Do Kwon did not disclose his whereabouts in a series of tweets refuting claims he had fled Singapore after an arrest warrant was issued on Wednesday. What will be the end result of all this fuss? Is it possible for all the parties involved to reach a conclusion where everyone is satisfied and justice is served? Tell us what you think in the comment section of the livestream, put your opinion on the matter, and we’ll give you the live broadcast!
$160 million stolen from crypto market maker Wintermute
According to company founder and CEO Evgeny Gavoy, a UK-based cryptocurrency market maker Wintermute has become the latest victim of a decentralized finance hack that caused approximately $160 million in losses. Another day, another hack in the world of crypto. We break down all the details for you and keep you informed about exactly what happened so that you stay up to date.
Michael Sayer Can’t Stop: Microstrategy Now Holds 130,000 Bitcoins
MicroStrategy owns 0.62% of all the bitcoins ever mined. The company’s executive chairman, Michael Sayer, announced that the company had purchased another 301 BTC for approximately $6 million at an average price of $19,851 per BTC. What do you think of Michael Saylor’s latest move, and if you had $6 million in extra cash lying around, what would you do? Tell us in the comments section of our YouTube livestream.
This week, we have something new and fresh for our viewers. Our very own Head of Markets, Ray Salmond, will join and bring with him two special guests: Joe Burnett, Principal Analyst at Blockware Solutions, and Pierre Rochard, Vice President of Research at Riot Blockchain, both of whom wrote a report. Bitcoin transaction fees, network security and how attacks on the Bitcoin network may or may not be successful. Joining them will be one of our favorite experts, Marcel Pechman. This is going to be a fascinating and insightful conversation about bitcoin mining and security that you don’t want to miss. You can also ask our guests your questions in the chat section of the YouTube livestream.
Next is a section called “Quick Crypto Tips”, which aims to give quick and easy tips for newcomers to the crypto industry to get the most out of their experience. This week’s tip: scaling up.
Finally, we’ve got insight from Cryptooshala Markets Pro, a platform for crypto traders who want to stay one step ahead of the market. Our analysts this week used Cryptooshala Markets Pro to identify two different altcoins: Pangolin’s PNG and Rari Capital’s Rari Governance Token (RGT).
Do you have a question about a coin or topic that hasn’t been 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 awarded a one-month subscription to Markets Pro worth $100.
Market Report streams live every Tuesday at 12:00PM ET (4:00PM UTC), so be sure to follow up on Cryptooshala’s YouTube pageAnd break those like and subscribe buttons for all our future videos and updates.
Credit : cointelegraph.com