So yesterday morning, we found out that the gdp decreased from 1.4 in the first quarter of 2022, completely underperforming analyst expectations. Now, while you normally expect the markets to plummet with regards to news like that, it actually happened to do the exact opposite. The nasdaq was up. Four percent - the s p 500, was up 2.5 and bitcoin was actually trading above 40.

000, at a 2 increase a lot of funny things going on in the market, but you know what else is more funny me now in today's video we'll take a look at bitcoin's price action. Why a decrease in the gdp could be a good thing, as well as some exciting news in the market today now my fellow jungle nations, if y'all are liking, these daily market updates, don't forget to like this video down below and subscribe. If you have not done so already and like the usual, let's hop into the computer and see what is going on the market for today, all right. So before we talk about some of the insanity happening with apecoin, we need to go over the global crypto market cap and also talk about what's going on with bitcoin.

First of all, the global crypto market for today is still sitting at 1.82 trillion dollars or a point. Ninety six percent increase over the last day. Bitcoin is currently sitting at thirty nine thousand seven hundred 704 dollars up about .95 percent in the last day. So, first of all, the markets are up and bitcoin continues to trade with sideways price action, even with the poor quarter.

One gdp report that came out today, if you don't know what the gdp report is, this stands for the real gross domestic product, which also decreased at an annual rate of 1.4 in the first quarter of 2022.. So expectations were for one percent growth. This quarter, following quarter four's insane 6.9 gain, which is the first negative quarter since q2 of 2020, which was considered the heart of the pandemic. The gdp can be summarized as this just a quick economic snapshot of how a country is doing, which is also used to estimate the size of the economy and the current growth rate.

Now, like we mentioned thursday's gdp reports, show that consumers are adjusting their spending patterns as the pandemic fades and as higher costs for food and gas eat into household budgets, adjusting for inflation and spending on clothes, gasoline and groceries. This pretty much resulted in that gdp number falling for the first quarter now. Jerome powell is betting that, with job openings at near record levels, consumer spending healthy and unemployment unusually low, the fed is gon na be able to tame that inflation rate and without causing a full-on recession. In my personal opinion, i do still expect the high interest rate height coming even alongside those decreased gdp rates, all right so going into the price action of bitcoin right now, bitcoin has been holding this ascending support level that you're gon na see right here, although it Failed to break through the 20-day moving average, which is this green line below the price trading between the support level and the moving average right now, is showing a verge of a convergence where, if we do see these lines cross, it could result in bitcoin having a Massive upside in either direction now also keep in mind.

The market is still in a state of limbo, meaning it could still also very well go down. The good news about all of this is even with bitcoin going down, we've still been noticing other all coins still in the green, while others may be in the red. This is showing us the effect right now of decoupling happening within all coins and the separation between some of the top cryptocurrencies. Now i know a lot of you guys are curious on what's going on with apecoin the title for this video.

Maybe talking about what a point is exposed on, let's get into that right here. So, as you can see on your screen, apecoin today, sitting at 23.68 cents or above 21 in the last day and up 63 in the last seven days now pulling the charts into at least the one month for apecoin. Even today, they had an amazing rip going towards 26 and even approaching 27 on other exchanges. Now a ton of our members within our discord have been very happy campers because we went ahead and called the price action of apecoin.

We made a buy entry. I made about two to three different alerts: talking about this upcoming event, which is going to be yuga, labs, other side, metaverse project which is coming out to be released now at the time of filming. This video apecoin is ranked number 22 within the market and also since then, apecoin has surpassed decentraland the sandbox and even axionfinity to become the largest metaverse token by market valuation. As mentioned from our last video posted on april 20th.

The increase is a result from ward 8 yacht club announcing the launch of its minting for its other side, metaverse nfts on saturday at 12 p.m. Eastern time now there's a lot of rumors on what the starting price for this auction is going to be. But the reason why many people are anticipating this and going crazy for eight point is because you need to use apecoin in order to participate in this auction and for anyone who's able to get some part of this land. People are expecting an immediate 2 to 3 to even 5x return automatically.

Now, while a lot of this news is still unconfirmed, there was a leaked yuga labs pitch deck that happened earlier this year, which strongly suggests that the mint is going to be used for the land parcels in the other side metaverse now inside of that pitch deck, They state that yuga labs will sell 200 000 other side land plots with thirty thousand claimable for free by board ape and mewnape nft holders. On top of that, you're gon na have seventy thousand of that allocated to an initial public sale and the remaining hundred thousand reserve for a subsequent drop. Now since then, the floor price for board 8 yacht club nfts have also increased to 145. At the time of filming this video, this is just a reminder at how fast things change and about a month ago, when ape token or apecoin was first released.

Board ape yacht club's floor price had dropped to 77 eth. That is a 2x on an extremely valuable asset and that pretty much means you would have been able to make at least 200 000. If you had the capital and you were able to buy back in now lucky enough, i was able to act on that opportunity and nonetheless, i've been seeing this opportunity across nfts happen more and more again, if you're feeling fomo to any degree whether it's because you Missed out on apecoin, you missed out on buying an ape or any other nfts on the market. I will say this: there are so many more opportunities coming up this year.

This is not just a one-time thing where, if you don't buy in it's too late, do not fomo try not to get this huge amounts of it and do not get overly greedy in the market. Either. Opportunities within this space are so abundant, and i need to make a reminder: we are so very, very early on into this whole nft and crypto world now, in terms of some price action and predictions for apecoin. I do want to mention that i could definitely see a possibility of this increasing up to 30 dollars, keep in mind within the next 48 to even 72 hours.

Of this token, things are going to be very volatile right now at the time of filming this video a token has pulled back, so it had that peak. It is cooling down right now and in this time i think throughout the night, while hype seems to simmer down in the u.s markets, which really made this whole type of pump right here, while asian markets are continuing to sleep, i think we could continue to see Another rally happen once again: if you are an investor who is up big on ape and you want to play it safe, don't forget to take out those profits leading up to the launch. Now, on top of that, the reason why i'm buying apecoin is so. I can have access to that land sale.

I also went ahead and kyc my wallet about a month ago, when i did buy into my board ape. So i'm ready to go - and i know a lot of you guys are anticipating that public sale as well. The most important thing here is to continue monitoring the space, make sure you do not fall victim to either panic selling when it goes down in price like we're. Seeing now - and please do not fomo near the complete top when we have an insane green candle ape tokens that are collected from the auction events are gon na have to be locked up for one year, and i think that any investor who goes ahead and purchases Ape to make quick gains will take their profits and run while the investors who plan on purchasing nfts will have their tokens locked up now regardless.

All of this is still in the very beginning stages. We have many people over on crypto twitter, trying to decipher what this road map is going to look like for the ape community, and all i can say is they have a lot planned. They have a history of doing things well and one more thing i mean this may not even be the most important thing, but boarded yacht club, which is associated with this entire drop is the number one nft in existence now. Let me know if you guys want me to cover some more additional news with regards to ape token and how you guys currently feel about the asset and whether or not you plan on buying or if you are holding positions as well.

Now, in terms of the next headline, we actually found out that meta, platform's, metaverse division went ahead and lost three billion dollars in the first quarter of 2022.. This is gon na come from facebook's parent company, which reported revenue of 695 million dollars for the division, which also beat analysts expectations now meta platforms, also known as facebook posted a first quarter, loss of 2.96 billion dollars in its recent created metaverse division. Now this isn't the first time that facebook or meta went ahead and reported a loss back in 2021. Their metaverse division also lost 10.2 billion dollars, and it said it was committed to spending even more money on the division for the next several years.

Now i don't know if you guys watched the tv show we crashed. This is featuring wework and their ceo and their story. I really enjoyed that series, but this is kind of giving me some. We crashed vibes as well.

I will say when it comes to tech. It's all about making sure you do invest into the right place and you may not see roi happening right away right now. It looks like meta ceo mark zuckerberg says the company's metaverse arm is still on a long term timeline and they're. Even right now laying the groundwork for a very successful 2030s.

I do want to mention all this is going to be very expensive to build it's going to take time. You need engineers and it's a completely new paradigm for computing and social connection. Now the question really comes down to this: will the money that they are losing over the next few years be worth it in paying off horizons? World metaverse platform is set to be launched this year and it'll also be followed by vr and ar platforms. Now, with facebook reporting this much loss, it still must show how confident they are within the market, and i personally am very very bullish within the entire metaverse space, and i am very excited to see what they're going to come out with as well now before.

We continue with the next piece of news for today. I want to give a quick message from our sponsors ftx, so with crypto, getting more adoption worldwide and more and more people looking to get started. Ftx is here to help by using my link down below you. Can find yourself earning a hundred dollars by signing up using kojong? You might have heard them with their partnerships with steph, curry, tom brady or even the ftx arena in miami or even their very generous ceo sam bankman freed, who also recently agreed to give away 99 of his 20 billion.

Now. Ftx is also one of the largest cryptocurrency exchanges in the world, and you can trade, crypto and ftx with up to 85 percent lower fees than their top competitors. Also with that, you can get no ach transaction fees and you can set up reoccurring, buys directly within the app making dollar cost averaging totally automatic. If you are interested, don't forget to check out the link down below in the description and let's get back into the video all right, so blackrock went ahead and launched a blockchain etf with major holdings on coinbase and marathon digital.

If you didn't know, blackrock is the world's largest asset manager and they went ahead and stepped into the realm of bitcoin etfs. Just days after its main competitor, fidelity listed two new bitcoin etfs on the six swiss exchanges. Now blackrock also has about 10 trillion dollars in assets under management. Currently, the blackrock product has allocated around 11 of that portfolio respectively, to coinbase and marathon digital and about 10 to riot blockchain, another major bitcoin miner.

In america. They also have some major holdings in galaxy. Digital and hive blockchain technologies, and even with a story like this, it is just so important for us to know that when we have big money, stepping in we can often see a surge in price happening soon. I like to use this reference a lot, but if we were in that bull run just you know, maybe a year ago, or even the one that happened after that, and we got news that blackrock was entering with positions like this, with holdings as large as the Ones that we're seeing we would have seen an explosion happening within the market.

On top of that, we also got a headline stating goldman sachs says it is exploring the tokenization of real assets. The global investment bank says it is looking into nfts in the context of financial instruments, because that is where the power is power. Now this comes about five years after goldman sachs called bitcoin a vehicle for fraudsters and just really trashing on the entire crypto markets. Now the bank has divided into crypto and it actually started offering bitcoin derivatives to its investors back in 2021, and it also conducted its first otc or also known as over-the-counter crypto trade with the digital asset financial company galaxy digital in march this year.

Now we say this all the time and i don't mean to sound like a broken record to any degree, but when top tier banks begin changing their standpoints on crypto, it leads to a domino effect and long-term bullis action. Long-Term bullis action we're gon na ignore that oles. That is the that that's gon na, be the secret code word for this video now guys. I also wan na mention the trend.

The overall vision of financial institutions incorporating cryptocurrencies into their portfolio has grown in recent months. We actually got a survey conducted by a global cryptocurrency exchange called bitstamp, where they reported 80 of institutional investors believe that bitcoin would eventually displace other traditional investment vehicles. 80 is a significant amount on top of that. Additionally, 70 of institutional investors, rated cryptocurrency as a trustworthy investment with 68 actively recommending it as an investment plan, now keep in mind.

They did gather this data from over 28 000 respondents in over 23 different countries all across the world. Even earlier this month, canadian businessman and one of my favorite shark tank celebrities kevin o'leary also projected that institutional investors would begin pouring trillions of dollars into cryptocurrency. He states and he believes that cryptocurrency is eventually going to be the smp's 12th sector. If you guys watch interviews that he's done, he talks a lot about how crypto focuses more on tech and anywhere tech goes anywhere.

Data goes. This is where kevin o'leary is very bullish on, because this is still overall growth and development for the world. So to wrap this video up, let's actually give a little recap or update on what's going on in ukraine and russia, so for now right now, this is actually believe it or not the two month mark since the russian invasion and news of russian troops gaining momentum. In the eastern side of the ukraine country, taking a look at this site, you'll notice that if you buy nfts on this platform, all the nft proceeds will go to aid for ukraine.

Now, according to ukraine's general crypto donation website, the country has now received at least 60 million dollars in donation now, with those funds they've been able to buy thousands of bulletproof vests, packed lunches, medicine items and other supplies for the armed forces. Now, in addition to that, binance is also partnered, with a european banking service provider called contest or contest to launch a crypto card for ukrainian refugees. Now this crypto card is going to allow ukrainians to receive aid from binance and other charity organizations. The binance refugee crypto card is also going to allow you to facilitate transfers from other crypto wallets, so they can have easier access to all the money coming in when war is going on and we see an economic meltdown.

You know the us dollar might hold steady, but when we're talking about the native dollar that other countries within a war are experiencing the value that may destabilize - and that is where oftentimes we are seeing more and more people using cryptocurrency for their day-to-day lives. Now, on top of that binance, it looks like they're actually working on both sides of this war. Just about a week ago, they went ahead and placed limits and restrictions on its russian services for nationals or natural persons residing in russia or legal entities established in russia. That if they have any crypto assets exceeding the value of 10 000 european rubles, those accounts that classify under that restriction will now be put into a withdrawal only mode, so no deposits or trading will be permitted on those accounts.

Now, for me, i think it's amazing for us to see other exchanges stepping up and showing their support on where they believe it matters. Unfortunately, for most people in the us, we can't use the actual binance website and the binance at us website is still fairly limited. Either way, i think it's just amazing for us to see a lot of these crypto exchanges not only buying into sport teams and being active, and you know, being a part of you know, formula one racing or the ufc fights, but also to give their money to Help out these causes, because there are some people around this world that really need it all right so to wrap this video up, make sure to head down below and like this video, if you did enjoy today's market update, also don't forget to check out the links Down below in the description where you can find my twitter and my instagram, and if you do follow me, please watch out for impersonators and scammers that may follow you and dm you as well. I also have an exclusive discord group.

I've been putting a lot of time in there. That's why, if you like, noticing these eye bags that i have it is because i'm spending so much time in there just last night, we had an hour-long zoom call with some of our top inner circle. 2.0 members. In there we also have had some crazy alerts from our technical analysis.

I've also been posting every single one of my buy and sell alerts, as well as access to my research and my nfts that i'm currently looking at and also on top of that. What my entire portfolio is at right now now, if you currently try to sign up for the patreon, i will say it is completely sold out. We've actually been sold out for a majority of this month, starting a few weeks back and at this moment i do plan on opening some additional spots and i'm looking to make that at a time some sometime in may, i think, may is coming up soon. Make sure you guys watch these markets to the end, because i'm going to come out with a date and time where you can also have access to join our group as well.

One last thing: i think it's always a great idea to make sure you're using a vpn, especially when you're training crypto. So you can stay secure if you check out the link for surf shark down below you'll, find yourself getting 83 off in three months, free, so make sure you guys join them, keep yourself and your crypto protected. Now, if you guys do remember today's secret code word comment that down below right now i mentioned that in the halfway point of this video. Thank you all so much again for watching today's episode have an amazing day and i'll talk to y'all soon, peace,.

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