This week on The Market Report, Cointelegraph’s resident experts discuss the real reasons for the recent price spike in the market. Can this lead to a Bitcoin of $25,000 (BTC) and beyond, or will an unforeseen event ruin the party? Plug into knowledge.
We start this week’s show with the latest market news:
Bitcoin rose 11% between Jan. 20 and Jan. 21, hitting the $23,000 level and shattering bear expectations for a pullback to $20,000. What’s even more remarkable is that the move sparked demand from Asia-based retail investors, according to data from a key stablecoin premium indicator. More bullish news came on Jan. 20 after US Federal Reserve Governor Christopher Waller reinforced market expectations of a 25 basis point interest rate hike in February. Do these and other odds favor a rally towards $24,000 or perhaps even $25,000?
Hester Peirce, commissioner at the U.S. Securities and Exchange Commission, said after a terrible year, industry players need to remember what crypto really is. In a speech at the Digital Assets at Duke conference, Peirce laid some lessons to be learned from the issues the crypto industry has had to deal with in the past year. According to the commissioner, 2022 has been a “terrible, horrible, not good, very bad year” for both the crypto space and regulators. However, Peirce believes there are valuable lessons to be learned from the series of problems that occurred over the past year. To find out what she really thinks about crypto, be sure to tune in to the live broadcast.
With BTC up 40% in January, another area of concern focused on the temptation to take profits. In the latest edition of its weekly newsletter, “The Week On-Chain”, analytics firm Glassnode nevertheless sharp that long-term holders remained broadly determined not to exit the market, even after more than a year of losses. Is this another signal of strength and conviction in the crypto space? Our experts break it down for you.
Our experts cover these stories and more in development, so be sure to tune in to stay up to date with the latest in the crypto world.
Next is a segment called “Quick Crypto Tips,” which aims to give newcomers to the crypto industry quick and easy tips on how to get the most out of their experience. Tip This Week: What is Cryptocurrency Copy Trading?
Market expert Marcel Pechman then takes a close look at Bitcoin and Ether (ETH) markets. Are current market conditions bullish or bearish? What are the prospects for the next few months? Pechman is here to break it down.
Finally, we have ideas for Cointelegraph Markets Pro, a platform for crypto traders who want to stay ahead of the market. Our analysts use Cointelegraph Markets Pro to identify two altcoins that stood out this week, so be sure to tune in to find out which ones made the difference.
Do you have a question about a part or a subject that is not covered here? Don’t worry, join the YouTube chat room and post your questions there. The person with the most interesting comment or question will have a chance to win a one-month subscription to Markets Pro worth $100.
The market report airs live every Tuesday at 12:00 p.m. ET (5:00 p.m. UTC), so be sure to tune in to The Cointelegraph YouTube page and mash those Like and Subscribe buttons for all our future videos and updates.