So the crypto and financial markets are closing out the week in strength. The s p 500 is currently up 3.3 for the week, while the nasdaq is up 4 and the dow jones is up currently 2.6. Almost every krypton top 100 by market cap seems to be ending the week by green, with some coins up in the double digits. Now, in today's video, we'll be exploring different possibilities for bitcoin's weekend of price action, we'll also be covering everything you need to know.

With regards to solana's recent announcement that came out last night and we'll also be going over some other major headlines that you need to know about this market today now before we get started, obviously i'm still in new york, you guys uh weather's been actually beautiful in The meantime that i've been here and uh yeah i've been running into some fans lately uh out here in the city, and it's just been amazing meeting you guys so amazing time. So far now today's video i'm gon na make pretty quick, just gon na go over the headlines and we'll start with the global crypto market cap. For today, on your screen, you'll notice that we're sitting at 945 billion dollars or a four percent increase over the last day. The significance behind this is that we're actually returning to that one trillion dollar level, but keep in mind even from our last video data, shows that a lot of the money we're seeing is still within stable coins.

Now we still can't neglect the price surge that we're seeing where ethereum is currently at twelve hundred dollars very close to it, and even just a week ago we saw ethereum have a dip of under 900. If you did begin averaging up the dip - and you started even just any time about a week ago, you'd be seeing a positive return on your investment. I know in missed a bear market. Many people think can't make a profit.

It is impossible. It is difficult. It's gon na be pretty hard well you'll notice that, with a lot of the all coins, actually having a bit of recovery and ending this week in green, you would be finding yourself making some cheddar cheese during this time now going into the crypto fear and greed Index we are sitting at an 11 4 today with the extreme fear, still all around the board that hasn't changed much and i don't think it's going to change anytime soon until we see bitcoin at picking up, maybe approaching close to that 30 000 level. Once again, now, on top of that, ladies and gents, we're actually getting some other all coins all across the board, having about a 10 to even 30 percent surge you'll notice that we have a unique all coins store, j or storage that is up about 31 or Up 90 in the last seven days, you'll notice that this crypto here has a pretty small market cap.

It's still sitting at 362 million dollars, but it's just showing us that when bitcoin is either holding or it's in the green, we're gon na be seeing the money flowing back into the all coins as well. On top of that, we finally have a rebound, seeing with axe infinity back at 17, polygon matic having a pretty solid week up again 17 for the last day and up overall 46 in the last week. Now, by looking at the markets, one may assume this may have been the bottom just about a week ago, but i just want to give everyone a little warning just because we have two days three days four days of green, it doesn't necessarily put us back into The bull market we're gon na, need to see some efforts of consolidation within the charts. We're gon na see bitcoin holding support once again, and then i think we can get an idea of whether or not the bottom was actually in now.

If you didn't end up buying in the last week, or so, please don't beat yourself up, it is okay to not try and catch a falling knife during this time and it's completely okay to want to invest when you see a bit more confirmation into the market. Although this strategy may cost you 10, 20, 30 40 gains it'll still be able to save you from having a huge, huge dip in your portfolio. Just in case it does go the other way. Now.

One coin: that's trending! On coin market cap today is going to be celsius. This is up 24. Today, if we take a look at the one month, charts you'll notice that it did go up in price significantly back about three days ago after having a dip, and it is surprising to see its price action right now, just because this exchange still has not allowed People to have their money back, this exchange here is still going through a lot of legal issues and for a cryptocurrency that may not be around in the future. It is definitely all dropping for me to see any type of increase green within the last month.

On the time scale to segue through celsius, we actually have another exchange called coin flex, one that i personally did not hear of, which is also suspending withdrawals. Now, although in this article here, they state that this exchange is moderately large, it seems like the decision currently hasn't, really impacted the overall crypto market, keep in mind whenever we see these type of exchanges coming down, which were over leveraged, they had their money tied up And they were going through a lot of different loopholes in order to get their funding, so they can continue to have a return on investment for their investors. I think, even during this market cycle, it's just important to know that we are going to see a lot more exchanges coming to a collapse. But it's also going to give us an opportunity to reset and know the blue chip, the good ones, the fundamentals that will survive through any type of bear market.

Now, before we go into some of the major news, let's talk a bit more about what's happening with bitcoin in the last 24 hours. To give us a better idea of whether or not we could see another increase in price through the weekend. So bitcoin has jumped three percent in the past 24 hours breaking above that 21 000 level, as the trading week ends for the past 20 hours, bitcoin's been fluctuating around 21 000. Finally, opening that green candlestick above this price level throughout today, we will look for bitcoin to establish that 21 000 level as support, and what we need, like i mentioned, is for us to hold it.

If bitcoin can't hold this price, we would then expect to see the retest of 20k over this weekend, and if it does go under 20k, then 17k is coming up again now, looking at the weekly chart, bitcoin is currently trading a thousand dollar below its 200 weekly Moving average, this means it's most likely gon na find a strong resistance at this price level, and the rsr on this weekly chart is showing that we're oversold territory at 27.. The bitcoin remains above that 20 500 level for the weekly price action. It will close out its first green weekly candle for the month of june, so that would obviously be a good signal that maybe the bottom wasn't now. We can't ignore ethereum.

We just touched upon it, but it did rally eight percent in the last 24 hours and about 13 this past week the rsi currently free ethereum is sitting at 28, which means it is still considered oversold and i think anytime ethereum is sitting under two thousand dollars Or even more than that, fifteen hundred dollars, that is still a good long-term pickup. Obviously, this doesn't account for any type of short-term volatility, there's obviously a chance that ethereum could slide even more under that and sit once again at 800 to 900, which i think is incredible price levels, keeping in mind that ethereum almost approached that all-time high of more Than 4 800 in the previous bull cycle, now, if ethereum can stay above the 1100 price level, which it looks like it's doing right now this morning we never know what happens to crypto, because sometimes things just close out, especially at the end of the week, pretty Bad, but we would see the first green weekly candle since march. That's been about three to four months since ethereum has been sliding downwards, and that is going to be amazing news for anyone who's been holding on to the asset. Now, just because we are ending this week in green, which i believe is because of the stock market currently at this time, not because of any true fundamental news that has come out or definitely not because of the nft new york city, experience and people are coming Together, i just simply think right now: the stock market is having a little bit of a recovery, small one, at least for this week, and that's why we're seeing the bounce back with crypto too? If you guys want to keep it simple and just know how to trade within this market during a bear time just know, stock market still has a lot of control over crypto and stocks do well.

It's going to do well, too, meaning crypto's going to go up. If stocks do bad, i don't think crypto will decouple at this point either. So before we continue on with the rest of the headlines, it looks like we got a message from uh future brian, i'm so glad that i started planning for my retirement and investing into my crypto ira early now i have eight hover cars and a private rocket To go to mars whenever i want wait so future brian, by the way you look pretty good for the age of 50.. My question is: how can i make sure i get all of those benefits? Well, i trust capital, of course, so guys, if you didn't know, i trust capital is the number one crypto ira platform in america and with them you can set up a fully self-directed retirement account with over 30 available assets from crypto all the way to gold and Silver in comparison to a 401k you're in full control of your crypto ira little rhyme there now contributions are also tax, deductible and all transactions.

The ira account are tax-free, meaning you can invest for your future. However, you want with crypto and not ever have to pay taxes on those trades, so i reached out to the itrust capital team and they were actually really really nice, so nice that they said brian we're gon na hook your viewers up with a special deal and If you guys use my link down below and create an, i trust capital account, you can earn a hundred dollars into your account just by signing up using my link down below and leaving your account funded for about 30 days. Now the big news i want to talk about today is solana launching its crypto smartphone, saying it's time to go mobile, so the solana team has brought mobile phones to web 3 after revealing saga solana's new android mobile device that will go out with the project's latest Stack for web3 developers also known as the solana mobile stack now, the community went ahead and welcomed the new various development, with a lot of different reactions from first comparing this project to apple and ethereum, to raising concerns over solana's priorities and why the heck they've been Building a phone when their project's been going down. The few perspectives that exist right now is just the fact that solana has been known to have some security issues before in the past uh.

If you guys have looked into solana how it's been made, it focuses on the triangle, the pyramid, the three aspects of crypto. Now, the three qualities that is known to be the trilemma of solana is actually focused around decentralization security and scalability. Taking a look at this article here, they explain it really well, one must be compromised. A network can either be decentralized and secure while lacking scalability or secure and scalable, while lacking decentralization solana's.

Had the argument before that, it's not really fully decentralized, but that is why it's beneficial in having very cheap, very fast transaction fees as someone who's been using salons network, since maybe it's been about a year now, when i was getting into a lot of the solana, Nfts before i was really touching many of the ethereum blue chip products, i know that they've had their ups and downs. There were times where the network had its outage because of security flaws, but at the same time there's always a benefit of using some of these. Other all coins, when it's cheaper, it's faster, but at the same time you don't want to compromise security and when we're talking about something like a cell phone, i think all three is really important, especially the aspect of decentralization. If we're talking about the first crypto centered device back at the start of june solana's price crashes, the network did suffer its fifth outage within that year.

Charles hoskinson, the founder of cardano, said that people would need to find seven friends in discord to reboot the mobile phone, implying that the phone may suffer performance issues similar to the solana blockchain, which is a little bit of blockchain drama. Just knowing that charles hoskinson is with team cardano, obviously they're competing they're within the same market, so he's gon na give his three to four cents right now because of inflation here. So according to yakov yakov. So, according to this individual here, solana's new smartphone will cost approximately a thousand dollars and will be available early next year.

So crypto investors have reacted pretty positively to the news, and solana has been up with the market 12 last 24 hours and 30 in the past. Seven days now, personally, for me, i don't think solana is going to be competing with apple or iphone or samsung or google, or any of the tech giants that are centralized at this moment. But i do see a lot of people who value security. People who are into crypto to be looking into one of these, even when i'm traveling, even when i'm at these conferences, i'm always thinking about security - and i know most, you guys should be as well and even having your own burner phone.

But then, knowing exactly what network is associated with, it might be something on your mind and i think, solana's phone if it is decentralized. If it is consistent, if you're able to get good reception, then i do think people are gon na find interest in this, especially within this community. This is coming from someone who had their identity, stolen, um. I've had my bank account hacked before this might be.

One of the downsides of doing youtube. You know it happens at the same time, identity theft is really common. It can happen to anyone out here, regardless of whether or not you do youtube. You have your name out there.

If you're in crypto, you could always get hacked, and this is something where you want to protect yourself and keep your privacy secure now in terms of the next headline, believe it or not, coinbase, which is known to stay away from a lot of the derivative products. They went ahead and starting monday will be announcing and offering allowing users the ability to trade crypto futures on its new derivatives exchange platform. So this move comes after coinbase acquired, fair x in january as part of its goal in offering crypto futures and options trading to its customers. Now fair x has been selling futures products, and this was already registered with the federal commodity future trading commission, which is something you need to go through in the united states, giving coinbase a running start in this three trillion: dollar crypto derivatives market.

Now, for those who? Don't know futures are one type of derivative financial product that sets a date and price in the future at which an asset must be sold regardless of the actual market price. Many traders nowadays prefer futures as they allow for around the clock trading, lower upfront investment and the ease of going long or short within this market. Since then, coinbase has gone up about 15 for their stock price, and you know i think it's good that they're stretching their different markets, but this is coming after news that they continue to fire a lot of their best employees. I've seen some of the personal stories over on twitter, where people are now looking for jobs, and it's just crazy for me to hear that a company is able to scale but at the same time they scaled so fast.

At a certain point, where they're having to let go their own staff now i wouldn't be surprised if other exchanges like ftx or you know some of the big players in this game, making a similar move. If you didn't know, ftx also went ahead and acquired the crypto derivatives exchange, a ledger x, which the cftc already regulated now guys to conclude pretty much this week in general, not too bad for the crypto markets at all. But there is still a long ways to go within this market, even if we are in a confirmed. Bear market at this point just know that the charts aren't going to just keep going down and down and down just like in a positive uber bullish market.

Usually the trend between a lot of assets unless it's artificially pumped or it's something just not sustainable where it goes to the moon and usually it comes back down oftentimes with many of these assets, even including stocks. The way that we see improved movement or an upward trend is where we get a staircase pattern. It goes up, it consolidates it goes up, it consolidates it goes up. It consolidates at least right now with the crypto market and what we consider to be a bear market, we're seeing the asset which has been going down now, consolidating and now we're gauging what move happens next, even though we have a little bit of green just keep In mind that there could be a bit more pain in the market ahead, and i just don't see too much good sentiment still coming from the overall stock market, which is still playing a huge factor into what crypto does as well.

Now, regardless of what happens in the short term, always stick to your fundamentals, just know that if you are investing and if you're pouring money into the markets a few months ago, nothing fundamentally has changed within these assets. All the things you wanted to buy has now just gone on sale. So if you wanted to buy your favorite pair of jordans, your shirt, your shoes, or maybe an apple device, just know that the iphone you wanted a year ago is now going for 80 and 90 off. And if you think that your device, or whatever you wanted to buy, is gon na go up in value in the next five to ten years, that would still be considered a good investment.

Now guys. This is like always just my thoughts. I have no idea. What's gon na happen in the market? Next, i could say i think it goes down and then we go to a new all-time high.

You never know, and it seems like. Sometimes the counter indicator for youtubers happens to be the curse around the market. So who knows? Maybe i just got ta hope that the market goes down even more and maybe it'll go up, but you know there were some times we actually had some decent calls throughout the past few years, and i know a lot of you guys have been able to make A lot of money save a lot of money. They took profits at the right time.

So, even during this, i think, if you're able to stick through your strategy, if you have income coming in, if you're not worried about getting laid off or having a choked up budget where you do have to cut back on spending, just continue to dollar cost average Into the market, because right now we are still seeing some incredible price points, like the usual guys have an amazing time. I will be in the city for another few days but monday. We will be back to the studio and i have just been loving this natural lighting coming from like the hotel stuff. I just wish.

I could replicate this in my own studio, but i'm in my own room. I got to work with artificial lighting that changes so enjoy the quality that we have here so, like the usual, don't forget to check out the links down below in the description. I also have a group, a private group, if you guys want to check that it's going to be the discord and patreon link down below too now to wrap this video up the secret code word for today, i'm looking at some windows, i'm looking at some buildings. Let's just do a cinder block comment down below cinderblock, if you guys made it all the way till the end.

Thank you all so much again for watching and i'll see, y'all soon, peace.