Benton Yaun, Cointelegraph analyst, and Marcel Pechman, resident market experts Jordan Finneseth & Marcel Pechman will be presenting the latest news from the markets this week. This week’s market news breakdown will provide an overview of what you can expect:
El Salvador has just purchased the dip! The Salvadoran President Nayib Bukele tweeted his purchase of an additional 420 bitcoin (BTC) by his government. This brings the total to 1,120 BTC. Can $3,400 make someone a billionaire? If you had bought Shiba Inu(SHIB), in August 2020, it would have been even more. Unknown HODLer made the purchase, bringing his dollar holdings to a staggering $1.55 trillion on Thursday. Although BTC dropped below $60,000 briefly, the coin’s HODLers are optimistic that the year’s price action will be similar to the 2017 bull run.
After the market news update, Eric Balchunas, special guest, discusses the newly launched Proshares Bitcoin Strategy ETF. He also discusses what it means for markets and what to expect from similar exchange-traded funds in the future.
Cointelegraph Markets Pro is a platform that allows crypto traders to stay ahead of the market. The Cointelegraph experts identified two altcoins this week using insights from Cointelegraph Markets Pro.
Jordan Finneseth, Cointelegraph’s market analyst, sheds light on a fascinating battle that is raging behind-the scenes between two groups: those who love the volatile nature of memecoins and those in crypto to promote technological innovation.
Are you looking for information on a topic or coin that isn’t covered here? Don’t worry! You can join the YouTube chat and ask your questions there. Cointelegraph experts will do everything they can to ensure you get the right answer.
The Market Report streams live every Thursday at 4:00 UTC. Make sure you head over to Cointelegraph’s YouTube page and hit the like and subscribe buttons for all future updates.