Join Cointelegraph host and analyst Benton Yaun alongside resident market experts Jordan Finneseth and Marcel Pechman as they break down the latest news in the markets this week. Here’s what to expect in this week’s markets news breakdown:
- El Salvador just bought the dip! Salvadoran President Nayib Bukele tweeted that his government has bought an additional 420 Bitcoin (BTC), bringing its grand total up to 1,120 BTC.
- Can $3,400 make you a billionaire? It would have if you had purchased Shiba Inu (SHIB) in August 2020. One unknown HODLer did, bringing the dollar value of his holdings up to a whopping $1.55 billion on Thursday.
- Even though BTC briefly dipped below $60,000, HODLers of the coin are hopeful that this year’s price action will mimic the eye-popping bull run of 2017.
After the markets news update, special guest Eric Balchunas discusses the recently launched Proshares Bitcoin Strategy ETF, what it means for the markets, and what we should expect in the future from similar exchange-traded funds.
Using insights from Cointelegraph Markets Pro, a platform for crypto traders who want to stay one step ahead of the market, the Cointelegraph experts identify two altcoins that stood out this week, SHIB and NEAR.
Finally, Cointelegraph market analyst Jordan Finneseth sheds some light on an interesting battle raging behind the scenes between two groups of people: those who enjoy the volatile and playful nature of memecoins and those who are in crypto for the technological innovation.
Do you have a question about a coin or topic not covered here? Don’t worry! Join the YouTube chat room and write your questions there. The Cointelegraph experts will do their best to make sure you get the answer you’re looking for.
“The Market Report” streams live every Thursday at 4:00 pm UTC, so be sure to head on over to Cointelegraph’s YouTube page, and smash that like and subscribe button for all our future videos and updates.