So, in the past few weeks, bitcoin's been trading below both the 50 and 100 day, moving average putting the entire crypto market in this state of limbo. Both bears and bulls on each side are unsure of what may happen next, and investors are patiently waiting for the other side to make a move. Although the actual price of these tokens may not be too exciting, the news we got today definitely is, if you haven't heard about it already, elon musk has made an offer to buy out 100 of twitter other all coins such as dogecoin and apecoin may be silently Brewing in the back and other large crypto projects continue to get massive funding, giving us even more bullish indicators. If you have been enjoying these videos, don't forget to drop a like down below and let's hop into the computer and see what is going on in the market for today.

So not too much of a change. Since yesterday's global crypto market cap update we're still at 1.87 trillion dollars and we take a look at bitcoin, it has been making a lot of smaller moves. In the last 24 hours, bitcoin was able to hold the levels of 41 000, but the start of today bitcoin did slide down under uh, even almost hitting 39 000. At one point.

So, at the time of filming this, video with bitcoin sliding under 40 000 bitcoin is under all moving averages. This is going to be the five day the 20 day, the 50 day and the 100 day moving average. Now, taking a look at the crypto fear and greed index today, we are getting overall fear in the market as well. Now, if you guys do remember yesterday's update this was at a 25, it is going a little bit to the right at 28, and that is because, although bitcoin is down, we are still seeing many other cryptocurrencies rather holding in price, similar to what bitcoin has been Doing as well just scrolling through a lot of the top all coins, xrp is at 71 cents by nance is at 412 dollars.

Ethereum is still at 3019. Cardano is under a dollar at ninety three cents. Tara luna is down six percent or down nineteen percent. For the last seven days at eighty two dollars alongside many other cryptocurrencies, still having that rather red movement, now going into the top 24 hour gainers, we are seeing kyber network crystal v2 once again, making some pretty strong gains on a day like this pulling the charts Out to the last seven days, even a week ago, this cryptocurrency here was at dollars and 30 cents with right now sitting at 4.66, and with it continuing to make some extra momentum, it looks like it could possibly break five dollars as well.

I do want to make a note that there are still many cryptocurrencies that are low-key, that are going to continue to make gains, even when bitcoin is rather flat. It's times like this, where you do want to consider averaging into the market on those red days. Instead of fo mowing near the top in terms of some of the biggest losers, we do have anchor protocol getting a bit of a correction in the market down about 6 or in the last seven days down 32 as well. Now, if you're asking yourself questions like brian, what should i be doing in a market like this? Should i be making any extra moves? I do want to say that sometimes within crypto, the best thing to do is really nothing at all.

You want to wait for moves to play out. You want to see what type of indicators we get right now, with the amount of money, depending on how much you have invested sometimes doing nothing is the best move for me. I'm still very bullish on this entire year. I do think we are going to see another spectacular bull run.

I could be completely wrong, though so don't hold it against me, but this is why i'm personally lining up my own investments for a movement like that when we get signals that momentum is near and we are getting some bull indicators like we've seen flash before in The last few weeks, that is when i continue to add up those bags at the same time, if we do get any huge dips within the market, that is when i will be making some definite buys as well alongside crypto. There are many things going on within d5 and nft that are still lifting off. So even when we're seeing flat movement happening here, you can still maximize a lot of trades within the overall market. I recently bought some extra nfts.

A lot of them are making me a lot more gains than i would have expected ever from just trading. A lot of these tokens know what your cup of tea is know. What gets you excited and then double down on it by doing more research and then committing and really understanding the landscape of what is going on within that market? Now big headline for today that we do need to cover it's going to be elon musk, so elon musk hasn't been the most satisfied with the way twitter has worked before in the past, we've seen them censor a lot of individuals, depending on what fits within their Political agenda now elon musk, is doing something called a hostile takeover where he's actually offering to buy out twitter for 43 billion dollars, which is written through a formal letter to the sec. Now some people are wondering whether or not elon musk could be trolling the sec.

With this offer price, just because it includes the number 420, which is also used within the marijuana industry, and also something that he's used multiple times to throw a little meme out to the world. I do also want to make note that elon musk is one of the wealthiest individuals out there and currently he's worth about 260 billion dollars according to bloomberg, he quotes if the deal doesn't work, given that i don't have confidence in management. Nor do i believe i can drive the necessary change in the public market. I would need to reconsider my position as a stakeholder.

Now the filing also included a voice script in which he said he's gon na buy it out at 54.20 per share, which was the offer that he is best and final at, but that is also way more than what currently twitter is valued at. At its current moment, elon musk also stated i'm not playing the back and forth game. I've moved straight to the end. It's a high price and your shareholders will love it if the deal doesn't work, given that i don't have confidence in the management.

This is something we just said: he is going to reconsider his position, which would then also affect the price of twitter as well. He made some really interesting points about a week back on his twitter. Just talking about how the platform is dying when compared to the top 10 most followed accounts, we have barack obama justin bieber katy, perry rihanna, which have over 100 million followers on their account, and then he even makes points such as taylor. Swift hasn't posted anything in three months and justin bieber only posted once this year now justin sun also went ahead and pitched in his own four cents.

He says i believe twitter is far from unleashing its full potential as well. Thus, i am now also offering sixty dollars per share to take the platform private. He does also mention. We do fully support the reform initiatives of elon musk and would love to see twitter becoming crypto native and web 3 friendly.

If you guys are more new to the crypto scene, twitter is really where a lot of the alpha exists and if you have been hearing the word alpha a lot within the crypto industry. It's a term. That's been coming up a lot over the past few years, especially natively within the last year, and this is just more inside information or more intelligence that you can get so crypto twitter has the most amount of alpha. It has so much insight and it seriously is undervalued as a platform.

Twitter has not done a great job at all in optimizing it and also making it an opportunity for other creators to continue growing and just making this platform expand to the potential of like what elon musk said it could be justin sun has said he wants twitter To be more open decentralized, he wants the framework to be more engaging and also there is a ton of scammers and bots that have been overtaking crypto twitter as well. There are definitely a lot of improvements to be made and if elon musk is able to secure this deal, which i am hoping it does go through, i think we could start seeing this platform really growing up, but we could also see something happening beneath the scenes. This gives a lot of empowerment to the people and the overall communities, and in addition to that, we also know how involved elon musk is within crypto, if you guys remember his involvement with dogecoin what he did on snl and really his stance on the overall market. He is bullish and with him having control over another platform bringing in private.

I do think we're gon na see further adoption of crypto, and this could be the next signal to the bull market. Let me know down below in the comments, if you guys think twitter is going to accept this deal, because, right now the ball is within their court. Furthermore, we are also getting more word from dogecoin that they're actually trying to use elon musk's star link to conduct offline transactions in order for you to send and receive crypto there's one thing: you're gon na need you're going to either need a cell phone or a Internet connected computer, in order to do it, revolutionary technology is going to involve us being able to send crypto without having an internet connection. This is exactly what the dogecoin team is working on and out of all the crypto projects that exist.

It's surprising to hear that this is what they're doing so. The way this would work is that the doge foundation would use spacex's, starlink satellite network and focus on using cheap and reliable radio technology, combined with the global starlink satellite network to enable cheaply deployable wide scale. Access to dogecoin for people outside the reach of the traditional internet infrastructure. Now the story like this, it really shows us the overall global adoption that we're seeing worldwide within crypto.

More and more people are looking to get started, and this is where the message of our sponsor fits pretty well in. If you haven't heard, ftx is owned by the founder sam bank friedman, who recently agreed to give away 99 of his 20 billion dollar worth, not to mention they're, one of the largest cryptocurrency exchanges in the world, and you could trade crypto on ftx with up to 85, lower fees than their top competitors, you can also set up reoccurring, buys directly within the app making dollar cost averaging very easy. They also launched an nft marketplace with top projects on ethereum and solano, where you can buy top nfts without the crazy gas fees. If you haven't done so yet make sure to head down below and use my link to fund your account and you can also earn up to a hundred dollars by signing up using my code jung down below now with that being said, let's hop into the next Topic for today, so in other news, ava labs is set to raise 350 million dollars at a 5 billion valuation.

They say the valuation put the blockchain builder in the upper echelons of the crypto world by that measure. Currently, avex is still down to seventy seven dollars and five cents pulling the charts out to the last one month. It is retracing similar to where it was before, but slightly above in the last one year. Avax was sitting at so it's still about double from where they first began.

If we take a look at d5, llama you'll notice that within avax they are still consolidating within that range ever since there was a sell-off earlier this year. With news like this, you can definitely expect for money to be going into the tvl and definitely pulling this up. They have a ton of different protocols listed on their project and, with these you'll start to notice that a lot of money is going to get locked up, thus furthering the price increase of a crypto like this. Now i've been a fan since avax, we mentioned them a few times last year as well.

We had some pretty solid entry points and i do think with news like this, when they're able to get that funding, we can continue to see growth within the project. This is why diversification within the market is so important. No matter how much you love a certain crypto, i think it's better to make sure that you have your eggs laid out in other protocols, because you may see that we get funding faster than other projects do and you may have a faster increase in getting those Bags on top of that solana, nfts are now heading to wearable, also following an open c debut. If you go on to open c, you can check out the solana beta and i actually went ahead and played around with the features i did list a few of the solana nfts and one of them is listed here.

It's the bore, yoku dragons, so i've been holding these for a while, and what i've noticed right now is that solana, liquidity on open sea is not that high. Taking a look at the activity for the bore, yoku dragons listed on openc you'll notice that the liquidity really isn't that high at all. In addition to openc, there are still many other exchanges it looks like people are trying to migrate to. In addition to that, we also did get word, though there was a critical security flaw discovered in the nft marketplace.

Wearable openc has had some issues. Wearable is now announcing that they have issues and a variety of these nft marketplaces are still moving forward, while finding out bugs to this day. It is so important for you guys to be diversified, and it's so important for you to back up your security. If you are using platforms like openc or wearable and you're, just using your hot wallet - and you don't have any security protocols set in place, look into it - something i recommend my audience to do is to look into getting a cold storage wallet.

I personally use ledger. I believe there's actually there's one on my table. I use my ledger and in order for anyone to transact or get one of my nfts out, they would need this physical device in person to actually sign off on that transaction. This may save you as well.

So when it comes to crypto, because it's decentralized, it's a double-edged sword, if you have all your nfts that get stolen, you really can't call anyone to get it back. Make sure you do your education and backing it up, because i hear so many terrible stories of people losing their assets all right so to wrap this video up, make sure to head down below and like this video, if you guys did not do so already. If you enjoyed today's update and make sure you guys subscribe, if you learned anything new and you want to be a part of the jung dynasty, don't forget to check out the links down below in the description where you can also find my twitter and my instagram. If you do follow it watch out for impersonators and scammers that will follow you and dm you selling you things so be sure to stay safe.

If they do follow you, i also have an exclusive discord group where you can get buy and sell alerts. Technical analysis from some of the best advisors, as well as access to a community of other investors, check out the patreon link down below. If you guys are interested in that, don't forget to check out a vpn provider surf shark if you're trying to trade, krypto you're trying to stay, secure and you're trying to double up on your beef or you know you can't get through certain kyc or you may Be living in certain states where you're not able to access certain exchanges check out vpns. I was able to get a huge discount code 83 off in three months, free with surf shark, so make sure you guys join them and keep yourself and your crypto protected.

On top of that, we usually do a secret word. That word is going to be dragon comment down below just dragon. Just i don't know why i said it that way. Thank you all so much again for watching this video stay sexy, stay amazing and i'll see.

Y'All soon peace.