If Credit Suisse collapses, will it bring more volatility to the crypto market? Watch The Market Report
On this week’s The Market Report show, Cointelegraph’s resident experts discuss if the potential collapse of the Credit Suisse bank could bring more volatility in the crypto market.
To kick things off, we break down the latest news in the markets this week:
BTC price still not at ‘max pain’
Bitcoin (BTC) starts a new week in a precarious place as global macro instability dictates the mood. After sealing a weekly close just inches above $19,000, the largest cryptocurrency still lacks direction as nerves heighten over the resilience of the global financial system. Europe still seems to be at the top of everyone’s minds as the latest news about the potential collapse of major global banks, particularly Credit Suisse and Deutsche Bank, looms overhead. What impact would this have on the cryptocurrency market, and could this give Bitcoin its time to shine, or will this and other macro factors force the price lower than we’ve previously seen? With everything going on in the financial world at the moment, it seems like this bear market is shaping up to be unlike any other.
Robert Kiyosaki calls Bitcoin a ‘buying opportunity’ as US dollar surges
Robert Kiyosaki, businessman and best-selling author of Rich Dad Poor Dad, has called BTC, silver and gold a “buying opportunity” amid the strengthening United States dollar and continued interest rate hikes. He suggests the U.S. Federal Reserve could start to pivot and drop interest rates as soon as January 2023, which could lead to Bitcoin and other commodity price reversals. Could this be a huge buying opportunity? Our experts analyze the situation.
Our experts cover these and other developing stories, so make sure you tune in to stay up-to-date on the latest in the world of crypto.
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