Bitcoin continues consolidation: Are we still in a bull market? | Tune in now to The Market Report w/ Ran Neuner

Published at: Dec. 9, 2021

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: 

Bitcoin (BTC) may continue to consolidate until Q1 of 2022. With $2.5 billion liquidated in the cryptocurrency market this week, should investors still be optimistic about the current cycle?Bitcoin dipped just below $50,000 as Evergrande defaulted. The Chinese property development giant may have caused Bitcoin’s most recent price drop. Will this price point serve as firm support?$1.1 billion in Bitcoin options expire on Friday, and things are not looking good for the bulls. Find out what the numbers tell us before this month’s expiry.

After the market news update, the hosts chat with special guest Ran Neuner, co-founder and CEO of Onchain Capital and founder of “Crypto Banter,” about how investors should approach big corrections, which altcoins and gaming tokens to look out for, and whether the current market is one big buying opportunity.

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: 1INCH and XTZ.

Finally, Cointelegraph market analyst Jordan Finneseth discusses why the typical 4 year market cycle may be lengthening. Are we currently witnessing it? With institutions showing more and more interest in cryptocurrencies beyond Bitcoin, such as NFTs, gaming tokens, and the metaverse, will it be another year before a true bear market?

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 person with the most interesting comment or question will be given a free month of Cointelegraph Markets Pro, worth $100!

“The Market Report” streams live every Thursday at 12pm ET, so be sure to head on over to the Cointelegraph YouTube page and smash that like and subscribe button for all our future videos and updates.

Tags
Bitcoin
Ethereum
Altcoin
Defi
Metaverse
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