Can Bitcoin rally in December? | Tune in now to The Market Report w/ Gareth Soloway

Published at: Dec. 2, 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) has had the shallowest correction of the year so far, having fallen just 17% from its all-time high. Does this mean we may be on track for a Santa Claus rally in December?PlanB’s popular floor model failed to hit its November closing target. This is the first miss for the model in its 10-year history. The creator isn’t giving up though, giving it one more month to correct. Was it panic over the coronavirus or other factors combined that made it miss its mark?Money seems to just keep pouring into the Metaverse. Last week, Metaverse projects sold land worth $106 million combined. Is this the next big hit in the nonfungible token (NFT) space?

After the market news update, the hosts chat with special guest Gareth Soloway about the current Bitcoin market cycle, inflation and how the S&P 500 would affect cryptocurrencies in the event it crashes.

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: Shiba Inu (SHIB) and Terra’s LUNA.

Finally, Cointelegraph Markets analyst Pechman discusses why regulatory uncertainty might have caused Bitcoin’s latest correction. Both United States Secretary Janet Yellen and Federal Reserve Chair Jerome Powell have expressed the need to urgently create a regulatory framework, and on Nov. 12, the SEC rejected VanEck’s spot Bitcoin exchange-traded fund proposal. Is there any hope for regulatory clarity in the next six months?

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 12:00 pm ET (5:00 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.

Tags
Bitcoin
Bitcoin Price
Altcoin
Bitcoin Regulation
Related Posts
BTC holds crucial support at $40K! | Watch The Market Report with Gareth Soloway
Join Cointelegraph host and analyst Benton Yaun alongside resident market experts Jordan Finneseth and Marcel Pechman on “The Market Report” — which is live right now! Here’s what to expect in this week’s markets news breakdown: Whales have been busy moving a record amount of Bitcoin (BTC). How will this affect prices? Bitcoin is long overdue for a “FOMO rally” to new all-time highs, according to Bobby Lee, the former CEO of BTCC. Does his claim have merit? Despite China’s crackdown on the crypto industry last week, Bitcoin nodes still appear to be operating in the People’s Republic, proving Bitcoin’s …
Bitcoin / Sept. 30, 2021
Bitcoin and altcoins took a hit, but derivatives data reflects a calmer market
Looking at the winners and losers of the past week clearly shows that traders endured some serious heat as the total crypto market capitalization dropped by 12.7% when Bitcoin fell to $41,000. This sharp downside move knocked the figure from $2.37 trillion to $1.92 trillion on Dec. 3 and a total of $2 billion long future contracts were liquidated. Bitcoin (BTC) price retraced 14.6% over the past week, effectively underperforming the broader altcoin market. Part of this unusual movement can be explained by the performance seen in decentralized applications which held up better than most of the market. Data shows …
Bitcoin / Dec. 6, 2021
2 key Bitcoin price metrics suggest BTC is primed to reclaim $40,000
Cryptocurrencies had a volatile week after Bitcoin's (BTC) sudden crash to $33,000 on Jan. 24. However, the sharp 9% drop fully recovered within 8 hours after BTC price regained the $36,000 support. On Jan. 26, Bitcoin rallied to $38,960 but it could not sustain the level and corrected by 8.8% in the following 8 hours. When factoring in the recent ups and downs, Bitcoin managed to only gain a meager 1.6% over the past seven days. Even with the considerable price swings, the aggregate futures contracts liquidations were relatively low. Longs (buyers) had $570 million futures terminated, while shorts (sellers) …
Bitcoin / Jan. 31, 2022
Why the crypto market crash may play in Bitcoin's favour
Natalie Brunell, the host of Coin Stories podcast, thinks that the recent incidents involving Terra (LUNA, now rebranded LUNC) and Celsius (CELH) and the following market sell-off will lead to regulatory action that will likely favor Bitcoin (BTC) over the rest of cryptocurrency. “I'm going to be watching for regulation developments, just signifying that Bitcoin is a digital property and that maybe there's more fair accounting that can be done to allow institutions to invest," she said in her latest interview with Cointelegraph. "And the other cryptocurrencies, I think will be deemed securities,” she continued. Brunell defines herself as a …
Bitcoin / June 20, 2022
Is there a way for the crypto sector to avoid Bitcoin’s halving-related bear markets?
There is good reason to be afraid. Previous down markets have seen declines in excess of 80%. While tightfisted hodling might hold wisdom among many Bitcoin (BTC) maximalists, speculators in altcoins know that diamond handing can mean near (or total) annihilation. Regardless of one’s investment philosophy, in risk-off environments, participation flees the space with haste. The purest among us might see a silver lining as the devastation clears the forest floor of weeds, leaving room for the strongest projects to flourish. Though, doubtlessly, there are many saplings lost who would grow to great heights themselves if they had a chance. …
Adoption / June 21, 2022