Can Bitcoin rally in December?

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Join Cointelegraph Host and Analyst Benton Yaun alongside resident market experts Jordan Finneseth and Marcel Pechman as they analyze the latest market news this week. Here’s what to expect from this week’s market news breakdown:

Bitcoin (BTC) has seen the shallowest correction of the year so far, falling only 17% from its all-time high. Does that mean we might be on track for a Santa Claus rally in December? PlanB’s popular floor model failed to meet its November closing target. This is the first failure of the model in 10 years of history. The creator doesn’t give up, however, giving it an extra month to correct. Was it the panic over the coronavirus or other combined factors that caused him to miss his target? Money seems to keep pouring into the metaverse. Last week, the Metaverse Projects sold land with a combined value of $ 106 million. Is this the next big hit in the non-fungible token (NFT) space?

Following 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 of a crash.

Using information from Cointelegraph Markets Pro, a platform for crypto traders who want to stay ahead of the market, experts at Cointelegraph identify two altcoins that stood out this week: Shiba Inu (SHIB) and Terra’s LUNA.

Finally, Cointelegraph Markets analyst Pechman explains why regulatory uncertainty may have caused Bitcoin’s latest correction. U.S. Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell expressed the urgent need to create a regulatory framework, and on November 12, the SEC rejected VanEck’s spot Bitcoin exchange-traded fund proposal. Is there any hope for regulatory clarity in the next six months?

Do you have a question about a room or a subject not covered here? Do not worry! Join the YouTube chat room and post your questions there. The person with the most interesting comment or question will receive a free month of Cointelegraph Markets Pro, worth $ 100!

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