Why are Bitcoin whales hoarding BTC? Watch the market report
In this week's episode of The Market Report, Cointelegraph's resident experts discuss why Bitcoin whales are piling up right now and why this might be important.
Cointelegraph YouTube SubscribeIn this week's The Market Report, resident experts at Cointelegraph explain why Bitcoin (BTC) whales are accumulating right now and why it could matter. Could this lead to the next bull run?
To start, we analyze the latest market news this week:
The Least Volatile 'Uptober' Ever - 5 Things to Know About Bitcoin This Week
October 2022 has yet to prove itself as analysts predict “wild” Bitcoin price volatility for November. Bitcoin began the final week of “Uptober” in a decidedly average mood as the trading range to end all trading ranges continues to hold. Could this mean that a major trend change is about to occur? This week is going to be another big week with the release of the US Personal Consumption Expenditure (PCE) Index for September. The following week, the US Federal Reserve will meet to decide on interest rate hikes based on specific data, including the PCE and the consumer price index. The market is currently expecting another 75bp hike, but what will the actual numbers be and how will they impact the market?
What happened to all the hype around "Uptober?" So far it has fallen short of October 2021. Some analysts are hoping for a dramatic turnaround in November, but Bitcoin has its work cut out if it is to hit its previous all-time high.
Bitcoin will rise in 2023 - But be careful what you wish for
The Bitcoin community is divided on whether the price of the token will rise or crash in the coming year. A majority of analysts and technical indicators suggest that it could reach a low between $12,000 and $16,000 in the coming months. This correlates with a volatile macroeconomic environment, stock prices, inflation, federal data and, at least according to Elon Musk, a possible recession that could last until 2024. Meanwhile, influencers, maximalists BTC and a range of other fanatical “accomplices” maintain their price could skyrocket to $80,000 and beyond. There is evidence to support both sides. We discuss what the next year could bring for Bitcoin.
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 up 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 of the Week: Moving Averages.
Finally, we have insights from 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.
Do you have a question about a room or topic that isn't 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 have a chance to win a one month subscription to Markets pro.
The Market Report is broadcast live every Tuesday at 12:00 PM ET (4:00 PM UTC), so be sure to head over to the Cointelegraph YouTube page and smash the Like and Subscribe buttons for all our future videos and updates.
In this week's episode of The Market Report, Cointelegraph's resident experts discuss why Bitcoin whales are piling up right now and why this might be important.
Cointelegraph YouTube SubscribeIn this week's The Market Report, resident experts at Cointelegraph explain why Bitcoin (BTC) whales are accumulating right now and why it could matter. Could this lead to the next bull run?
To start, we analyze the latest market news this week:
The Least Volatile 'Uptober' Ever - 5 Things to Know About Bitcoin This Week
October 2022 has yet to prove itself as analysts predict “wild” Bitcoin price volatility for November. Bitcoin began the final week of “Uptober” in a decidedly average mood as the trading range to end all trading ranges continues to hold. Could this mean that a major trend change is about to occur? This week is going to be another big week with the release of the US Personal Consumption Expenditure (PCE) Index for September. The following week, the US Federal Reserve will meet to decide on interest rate hikes based on specific data, including the PCE and the consumer price index. The market is currently expecting another 75bp hike, but what will the actual numbers be and how will they impact the market?
What happened to all the hype around "Uptober?" So far it has fallen short of October 2021. Some analysts are hoping for a dramatic turnaround in November, but Bitcoin has its work cut out if it is to hit its previous all-time high.
Bitcoin will rise in 2023 - But be careful what you wish for
The Bitcoin community is divided on whether the price of the token will rise or crash in the coming year. A majority of analysts and technical indicators suggest that it could reach a low between $12,000 and $16,000 in the coming months. This correlates with a volatile macroeconomic environment, stock prices, inflation, federal data and, at least according to Elon Musk, a possible recession that could last until 2024. Meanwhile, influencers, maximalists BTC and a range of other fanatical “accomplices” maintain their price could skyrocket to $80,000 and beyond. There is evidence to support both sides. We discuss what the next year could bring for Bitcoin.
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 up 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 of the Week: Moving Averages.
Finally, we have insights from 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.
Do you have a question about a room or topic that isn't 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 have a chance to win a one month subscription to Markets pro.
The Market Report is broadcast live every Tuesday at 12:00 PM ET (4:00 PM UTC), so be sure to head over to the Cointelegraph YouTube page and smash the Like and Subscribe buttons for all our future videos and updates.
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