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What crashed the crypto relief rally?

What crashed the crypto relief rally?

On this week’s ‘The Market Report’, Cointelegraph’s resident experts discuss some of the key factors that contributed to the collapse of this bear market rally.

To start, we’ve broken down the latest news in the markets this week

bitcoin (BTC) Lose $21,000 Despite Miners’ Surrender Exit? Five things to know about Bitcoin this week. Miners are a beacon of hope in a barren Bitcoin landscape this week ahead of a key Federal Reserve event in Jackson Hole. After dropping below $21,000 over the weekend, the biggest cryptocurrency is consolidating about 10% less than a week ago, and the fear in the crypto markets is clearly visible. As August draws to a close, what will September bring in terms of inflation, price volatility and other macro triggers?

Data shows bitcoin and altcoins at 20% downside risk to new yearly lows. The total crypto market capitalization has fallen to the $1 trillion support, and weak demand for stablecoins and a largely absent funding rate reflect negative sentiment among traders. Will crypto investor sentiment shift towards more bearishness? Are we about to retest the yearly lows?

Cryptocurrencies react to jackson hole, the Fed’s rate hike plans and a weakening bear market rally. The price action of Bitcoin, altcoins and stocks reflects investor concern over the Fed’s rate hike plans, a weakening bear market and this week’s Jackson Hole economic symposium. Is fear of future interest rate hikes by the Federal Reserve making investors nervous? Is this macro uncertainty driving institutional investors away from crypto markets?

Bitcoin whales attack sellers at $22.3K as the euro falls below the USD parity. Bitcoin is struggling to return to higher levels despite the geopolitical uncertainty hitting the Eurozone. The weekend lows, however, preserved the July lows. Could this mean that the bear market rally may be making a comeback? What happens if Bitcoin breaks above the critical 200-week moving average (WMA)?

Next is a new 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. Tip of the week: Beware of trades.

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. Experts also review some market news to keep you up to date with the latest developments regarding the two major cryptocurrencies.

Finally, we have information about Cointelegraph Markets Pro, a platform for crypto traders who want stay a step ahead of the market. Analysts use Cointelegraph Markets Pro to identify two altcoins that stood out this week: DEXE from DeXe and DIGG from DIGG.

Do you have a question about a part or a subject that is not covered here? Do not worry. Join the YouTube chat room and post your questions there. The person with the most interesting comment or question will receive a $50 CT Store gift certificate.

The market report airs live every Tuesday at 12:00 p.m. ET (4:00 p.m. UTC), so be sure to tune in to The Cointelegraph YouTube page and smash these like and subscribe buttons for all our future videos and updates.


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