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?
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