On this week\u2019s The Market Report show, Cointelegraph\u2019s resident experts discuss why the British pound is at its all-time low and how that might impact the cryptocurrency market.<\/p>\n
To kick things off, we break down the latest news in the markets this week:<\/p>\n
Bitcoin gains 5% to reclaim $20K, eyes first \u2018green\u2019 September since 2016<\/strong><\/p>\n A classic snap of sideways trading action sees Bitcoin\u2019s (BTC) price aim higher, but concerns remain over what happens next. Data from Cointelegraph Markets Pro and TradingView followed BTC\/USD as it added over 7% after the Sept. 26 close.\u00a0Local highs of $20,344 appeared on Bitstamp before the pair began consolidating at around $20,200. Can Bitcoin achieve a green monthly close, and will the bulls be able to beat \u201cSeptembear?\u201d<\/p>\n Is it Bitcoin\u2019s time to shine? British pound drops to all-time low against the dollar<\/strong><\/p>\n On Sept. 26, the British pound hit a record low against the United States dollar following the announcement of tax cuts and further debt increases to curb the impact of a possible economic recession. But could the British pound\u2019s weakness be a positive for Bitcoin? Is it possible for the general population to move to cryptocurrencies once it realizes that people\u2019s savings and investments are being devalued more aggressively?<\/p>\n Charles Hoskinson and Ethereum dev get into a war of words post-Vasil upgrade<\/strong><\/p>\n Charles Hoskinson, founder of Cardano and co-founder of Ethereum, got into a war of words with Ethereum developers on the implementation of the proof-of-stake consensus via the Ethereum Merge.\u00a0Hoskinson is known for his hot takes on his former project, and the bad blood between the two communities is nothing new. However, with both blockchains undergoing key upgrades on their networks, the recent exchange between the two sides highlights the disconnect between blockchain communities.<\/p>\n Next up is a 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: Choosing a long-term coin.<\/p>\n 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 market news to bring you up to date on the latest regarding the top two cryptocurrencies.<\/p>\n Lastly, we\u2019ve got insights from Cointelegraph Markets Pro, a platform for crypto traders who want to stay one step ahead of the market. Our analysts use Cointelegraph Markets Pro to identify two altcoins that stood out this week:\u00a0XRP\u00a0and Digg.<\/p>\n 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 one-month subscription to Markets Pro, worth $100.<\/p>\n 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\u00a0and smash those Like and Subscribe buttons for all our future videos and updates.<\/p>\n