{"id":6612,"date":"2022-08-23T19:11:12","date_gmt":"2022-08-23T19:11:12","guid":{"rendered":"http:\/\/cryptoheretostay.com\/?p=6612"},"modified":"2022-08-23T19:11:14","modified_gmt":"2022-08-23T19:11:14","slug":"what-crashed-the-crypto-relief-rally","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=6612","title":{"rendered":"What crashed the crypto relief rally?"},"content":{"rendered":"<script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script>\n<p>On this week\u2019s \u201cThe Market Report\u201d show, Cointelegraph\u2019s resident experts discuss some of the main factors that contributed to the collapse of this bear market rally.<\/p>\n<p>To kick things off, we broke down the latest news in the markets this week<\/p>\n<p>Bitcoin (BTC) to lose $21K despite miners\u2019 capitulation exit? Five things to know in Bitcoin this week.\u00a0Miners are a glimmer of hope in a barren Bitcoin landscape this week ahead of a key Federal Reserve event in Jackson Hole. After dipping below $21,000 over the weekend, the largest cryptocurrency is consolidating around 10% lower than a week ago, and the fear across crypto markets is clearly visible. As August nears the end, what will September bring in terms of inflation, price volatility and other macro triggers?<\/p>\n<p>Data shows Bitcoin and altcoins at risk of a 20% drop to new yearly lows.\u00a0The total crypto market capitalization dropped to the $1 trillion support, and weak stablecoin demand and a largely absent funding rate reflect traders\u2019 negative sentiment. Will crypto investors&#8217; sentiment shift toward more bearish? Are we on our way to retesting yearly lows?<\/p>\n<p>Cryptocurrencies react to Jackson Hole, Fed rate hike plans and a weakening bear market rally.\u00a0The price action in Bitcoin, altcoins and stocks reflects investors\u2019 anxiety over the Fed\u2019s rate hike plans, a weakening bear market rally and this week\u2019s Jackson Hole economic symposium. Is the fear of future interest rate hikes by the Federal Reserve making investors nervous? Is this macro uncertainty keeping the institutional investors away from the crypto markets?<\/p>\n<p>Bitcoin whales attack sellers at $22.3K as the euro drops below USD parity.\u00a0Bitcoin struggles to make a return to higher levels despite geopolitical uncertainty striking the eurozone. The weekend lows however preserved the lows from July. Could this mean that the bear market rally could make a return? What happens if Bitcoin moves above the critical 200-week moving average (WMA)?<\/p>\n<p>Next up is a new segment called \u201cQuick Crypto Tips,\u201d which aims to give newcomers to the crypto industry quick and easy tips to get the most out of their experience. This week\u2019s tip: Be wary of exchanges.<\/p>\n<p>Market expert Marcel Pechman then carefully examines the Bitcoin and Ether (ETH) markets. Are the current market conditions bullish or bearish? What is the outlook for the next few months? Pechman is here to break it down. The experts also go over some markets news to bring you up to date on the latest regarding the top two cryptocurrencies.<\/p>\n<p>Lastly, we\u2019ve got insights from Cointelegraph Markets Pro, a platform for crypto traders who want to stay one step ahead of the market. The analysts use Cointelegraph Markets Pro to identify two altcoins that stood out this week: DeXe&#8217;s DEXE and DIGG&#8217;s DIGG.<\/p>\n<p>Do you have a question about a coin or topic not covered here? Don\u2019t worry. Join the YouTube chat room, and write your questions there. The person with the most interesting comment or question will be given a $50 CT store gift voucher.<\/p>\n<p>The Market Report streams live every Tuesday at 12:00 pm ET (4:00 pm UTC), so be sure to head on over to Cointelegraph\u2019s YouTube page and smash those like and subscribe buttons for all our future videos and updates.<\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/what-crashed-the-crypto-relief-rally-find-out-now-on-the-market-report\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On this week\u2019s \u201cThe Market Report\u201d show, Cointelegraph\u2019s resident experts discuss some of the main factors that contributed to the collapse of this bear market rally. To kick things off, we broke down the latest news in the markets this week Bitcoin (BTC) to lose $21K despite miners\u2019 capitulation exit? Five things to know in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6613,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[2],"tags":[],"class_list":["post-6612","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/6612","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6612"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/6612\/revisions"}],"predecessor-version":[{"id":6614,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/6612\/revisions\/6614"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/6613"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}