Could a Grayscale Bitcoin Trust Collapse Be the Market’s Next Black Swan Event? Tune in to The Market Report to find out

On this week’s The Market Report, experts on the Cointelegraph team discuss what the ramifications would be if the Grayscale Bitcoin Trust were to collapse.

We begin this week’s edition with the latest market news:

Bitcoin (BTC), the largest cryptocurrency on the market, like the rest of the others, remains highly susceptible to downside risk as it continues to deal with the fallout from the FTX crash.

“Contagion” is the word on everyone’s lips as November draws to a close – much like the Terra crash earlier this year – and fears will keep turning up new victims of FTX’s gigantic liquidity vacuum. Grayscale Bitcoin Trust (GBTC) seems to be on everyone’s radar this week for all the wrong reasons. Will it be the next black swan? Let’s go over all the details surrounding GBTC to keep you up to date.

Total cryptocurrency market capitalization has dipped below $800 billion, but the data highlights a few reasons why some traders are bullish. Our own Marcel Pechman breaks down why some traders are actually bullish, a sentiment that seems very counterintuitive. Marcel has very good reasons for this, so be sure to stream to find out.

Proof-of-stake-based blockchain platform Cardano has partnered with Coti, a Layer 1 protocol based on a directed acyclic graph, to launch what it calls an overcollateralized algorithmic stablecoin. The project said in an announcement shared with Cointelegraph that the stablecoin would be backed by excess collateral in the form of cryptocurrency stored in a reserve. Do we need another stablecoin? How will this differ from the stablecoins we all know about?

CoinMarketCap, a leading cryptocurrency industry researcher and market tracker, announced the launch of a new feature on its platform that provides users with up-to-date financial information on exchanges.

the tracker Proof-of-Reserve (PoR) audits active cryptocurrency exchanges in the industry for transparency on liquidity at any given time. According to the announcement, the tracker details the company’s total assets, and its affiliated public wallet addresses, along with the balances, current price, and values ​​of the wallets. Our experts break down the need for this tool and how it helps the industry.

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Could a Grayscale Bitcoin Trust Collapse Be the Market’s Next Black Swan Event? Tune in to The Market Report to find out