BTC price crash: Why did it happen? Join Sam Bankman-Fried live on 'The Market Report'

Published at: Sept. 9, 2021

“The Market Report” with Cointelegraph is live right now! Tune in to watch Cointelegraph host and analyst Benton Yaun alongside resident market experts Jordan Finneseth and Yashu Gola. Today’s menu: the dramatic Bitcoin (BTC) price flash crash to $43,000 on Tuesday.

What caused the crash? Was it market manipulation, leverage liquidations, El Salvador’s Bitcoin Law, the SEC going after Coinbase — or a combination of these factors? This week’s markets news segment will break down the latest news and research to find out.

Next up, Gola and Finneseth will do a dive deep on the most important factors driving the markets during back-to-back expert takes. Gola will explore a correlation between the Bitcoin price crash, the gold market and the U.S. dollar index, while Finneseth takes a closer look at this week’s top altcoin performers.

The Cointelegraph experts will then identify altcoins that stood out this week with insights from Cointelegraph’s Markets Pro, a platform for crypto traders who want to stay one step ahead of the market.

Make sure to stick around for the show’s finale: an exclusive guest interview with billionaire Sam Bankman-Fried, the founder and CEO of crypto exchange FTX. Bankman-Fried was named a Forbes 30 Under 30 in 2021. The interview will cover recent market movements, nonfungible tokens (NFTs) and assets that have the highest upside potential. You don’t want to miss it

“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.

Tags
Bitcoin
Bitcoin Price
Altcoin
Cryptocurrencies
Price Analysis
Related Posts
Price analysis 11/19: BTC, ETH, BNB, SOL, ADA, XRP, DOT, DOGE, SHIB, AVAX
Bitcoin (BTC) dropped below $56,000 on Nov. 19, completing a near 20% correction from the all-time high. The Crypto Fear & Greed Index, which remained in the greed zone for most of the past two months, has plummeted into the fear category with a reading of 34. Cryptocurrency research firm Delphi Digital said in a recent report that the sell-off in Bitcoin was “largely driven by a wave of liquidations rather than a fundamental shift in narrative,” and the analysts expect the drawdown to be “relatively short-lived.” The recent correction does not seem to have shaken the long-term holders. According …
Bitcoin / Nov. 19, 2021
Price analysis 4/20: BTC, ETH, BNB, XRP, SOL, ADA, LUNA, AVAX, DOGE, DOT
The U.S. dollar currency index (DXY) turned down sharply after rising above 101 on April 20 but this weakness in the dollar has not helped Bitcoin (BTC), possibly because the S&P 500 is struggling to build upon its strong rally on April 19. This indicates that Bitcoin remains tightly correlated with the U.S. equity markets. Irrespective of the lackluster price action, research projects several positives for Bitcoin this year. A report by Insider Intelligence shows that the number of adult crypto users in the U.S. could surge from 28.3 million in 2021 to 33.7 million in 2022. Along with the …
Bitcoin / April 20, 2022
Price analysis 9/2: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, SHIB
Nonfarm payrolls rose by 315,000 jobs in August, down from the July increase of 526,000 jobs. The report was just below the Dow Jones estimate of 318,000 jobs and the slowest monthly gain since April 2021. The S&P 500 rose in response to the report, but later erased its gains, indicating that bears continue to sell on rallies. That may be because the U.S. dollar index (DXY), which had retreated from its Sept.1 20-year high, recovered part of its losses. The bears will have to pull the DXY lower to boost prices of stocks and the cryptocurrency markets as both …
Bitcoin / Sept. 2, 2022
5 altcoins that could turn bullish if Bitcoin price stabilizes
The major United States stock market indices continued their decline last week as worsening macroeconomic conditions increased concerns of a global recession. The Dow Jones Industrial Average closed at its lowest level in 2022 and major indices recorded their fifth weekly close in the past six weeks. Although Bitcoin (BTC) has only declined marginally this week, it risks closing at the lowest level since 2020. While a new multi-year weekly close is a negative sign, sellers will have to sustain the lower levels or else it may turn out to be a bear trap. The price action of the next …
Bitcoin / Sept. 25, 2022
Price analysis 11/28: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT
China witnessed a spike in Covid cases and that has resulted in strict lockdown restrictions in several parts of the country. This triggered widespread protests in China and has possibly pulled the global stock markets lower. In addition to the turmoil in China, the cryptocurrency markets, which are already in a bear grip, are reeling under pressure from the Chapter 11 bankruptcy filing by BlockFi and its subsidiaries. Bitcoin (BTC) is down 21% in November, on track to its worst November performance since 2018. The sharp fall in Bitcoin’s price has drastically reduced the number of wallets holding more than …
Bitcoin / Nov. 28, 2022