BTC holds crucial support at $40K! | Watch The Market Report with Gareth Soloway

Join Cointelegraph host and analyst Benton Yaun alongside resident market experts Jordan Finneseth and Marcel Pechman on “The Market Report” — which is live right now! Here’s what to expect in this week’s markets news breakdown:

• Whales have been busy moving a record amount of Bitcoin (BTC). How will this affect prices?
• Bitcoin is long overdue for a “FOMO rally” to new all-time highs, according to Bobby Lee, the former CEO of BTCC. Does his claim have merit?
• Despite China’s crackdown on the crypto industry last week, Bitcoin nodes still appear to be operating in the People’s Republic, proving Bitcoin’s resilience once again.
• Polygon’s daily active addresses briefly surpassed those of Ethereum. Could this mark a turning point for the network?

Next, trader Gareth Soloway joins the show to discuss the recent correlation between BTC and the stock market, his sentiments toward the current market situation, and his analysis of BTC price action.

Cointelegraph market analyst Pechman then gives a detailed explanation of hash rates, which are the measure of the processing power behind a network’s mining. What does 100 exahashes per second actually mean, and how does Bitcoin compare to other networks?

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: CELO and RGT.

Then it’s on to the show’s second expert take, this one from Cointelegraph market analyst Finneseth. He gives his insights on how the China ban will impact decentralized exchanges and the decentralized finance (DeFi) ecosystem.

Last is the interactive Q&A segment of the show. If you have a crypto-related question and can’t find the answer, then this segment is for you! Simply write your question in the chat, and the Cointelegraph experts will break it down for you!

“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.