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Is Bitcoin value mimicking the 2017 bull run? Discover out on The Market Report with ETF skilled Eric Balchunas

10/28/2021

“The Market Report” with Cointelegraph is reside proper now with particular visitor Eric Balchunas, senior ETF analyst for Bloomberg.

Be part of Cointelegraph host and analyst Benton Yaun alongside resident market consultants Jordan Finneseth and Marcel Pechman as they break down the most recent information within the markets this week. Right here’s what to anticipate on this week’s markets information breakdown: 

  • El Salvador simply purchased the dip! Salvadoran President Nayib Bukele tweeted that his authorities has purchased an extra 420 Bitcoin (BTC), bringing its grand complete as much as 1,120 BTC.
  • Can $3,400 make you a billionaire? It will have for those who had bought Shiba Inu (SHIB) in August 2020. One unknown HODLer did, bringing the greenback worth of his holdings as much as a whopping $1.55 billion on Thursday.
  • Though BTC briefly dipped beneath $60,000, HODLers of the coin are hopeful that this 12 months’s value motion will mimic the eye-popping bull run of 2017.

After the markets information replace, particular visitor Eric Balchunas discusses the lately launched Proshares Bitcoin Technique ETF, what it means for the markets, and what we should always anticipate sooner or later from comparable exchange-traded funds.

Utilizing insights from Cointelegraph Markets Professional, a platform for crypto merchants who wish to keep one step forward of the market, the Cointelegraph consultants determine two altcoins that stood out this week, SHIB and NEAR.

Lastly, Cointelegraph market analyst Jordan Finneseth sheds some mild on an fascinating battle raging behind the scenes between two teams of individuals: those that benefit from the risky and playful nature of memecoins and those that are in crypto for the technological innovation.

Do you could have a query a couple of coin or subject not coated right here? Don’t fear! Be part of the YouTube chat room and write your questions there. The Cointelegraph consultants will do their greatest to be sure you get the reply you’re in search of.

“The Market Report” streams reside each Thursday at 4:00 pm UTC, so be sure you head on over to Cointelegraph’s YouTube web page, and smash that like and subscribe button for all our future movies and updates.