The Collapse of the British Pound and its Impact on Cryptocurrency: Watch the Market Report

In this week's episode of The Market Report, Cointelegraph's resident experts discuss the fall of the British pound and its impact in the cryptocurrency market. Cointelegraph YouTube Subscribe

In this week's The Market Report, resident experts at Cointelegraph explain why the British pound is at an all-time low and how it could impact the cryptocurrency market.

To start, we analyze the latest market news this week:

Bitcoin gains 5% to recoup $20,000, eyes for 'green' September 1st since 2016

A classic sideways trading action cliche sees the price of Bitcoin (BTC) aiming higher, but concerns remain as to what will happen next. Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it added more than 7% after the September 26 close. Local highs of $20,344 appeared on Bitstamp before the pair began to consolidate at around $20,200. Can Bitcoin Hit a Green Monthly Close, and Can Bulls Beat "Septembear?"

Is it time for Bitcoin to shine? The pound sterling falls to an all-time low against the dollar

On September 26, the British pound hit a record high against the US dollar following the announcement of tax cuts and further debt increases to limit the impact of a possible economic downturn . But could the weakness of the British pound be positive for Bitcoin? Is it possible for the general population to switch to cryptocurrencies once they realize that people's savings and investments are being devalued more aggressively?

Charles Hoskinson and Ethereum devs engage in war of words after Vasil update

Charles Hoskinson, founder of Cardano and co-founder of Ethereum, has engaged in a war of words with Ethereum developers over the implementation of proof-of-stake consensus via the Ethereum merger. Hoskinson is known for his criticism of his former project, and the bad blood between the two communities is nothing new. However, with both blockchains undergoing key upgrades to their networks, the recent exchange between the two parties highlights the disconnect between the blockchain communities.

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. This week's tip: Choose a long-term coin.

Market expert Marcel Pechman then takes a close look at the 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. The experts also review some market news to keep you up to date with the latest developments regarding the two major cryptocurrencies.

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: