Ladies and gents welcome back to another video, it's been about a week since we uploaded on this channel and there's a lot that we got to catch up on first things. First, i recently came back from a trip in california. I initially flew out there because crypto.com uh, one of our previous sponsors, actually gave me some tickets uh to view the basketball game, and this was one of the first basketball games that i've ever seen in person. It was not the team that lebron james was on.

I know there's two teams in la this was at the crypto.com arena and they were playing the knicks or the the clippers i forgot which team they were playing, but it was one from new york and i actually had the opportunity to also meet some like-minded creators Within the space - and i also went ahead and met some high-profile individuals working for some of these exchanges, uh and some other organizations within the crypto space that has been around for a while, so just an amazing opportunity to network and to go out to the west Coast, the east has been pretty chilly. The day i was supposed to fly into maryland was actually saturday and that went ahead and got a cancelled flight. It was delayed up until monday, just because we had snow coming in here, which screwed up all the airlines, and then we had spring brake travelers going ahead, so a lot of the airplanes were full. But finally, i got back into the office uh and today i've been able to come out, get caught up on all the business and logistics and back end stuff of jung, media and finally, we're here with that crypto update bitcoin has been doing some amazing stuff over The past few days and the volatility swings that we've been seeing, has been interesting, to say the least.

In addition to that, we've just been getting a ton of headlines. The executive order is something that we need to cover. What that means for individuals like us we're going to be talking about why bitcoin had an amazing eight percent pump. Just yesterday, we're gon na be talking about why the market hasn't dumped, even though we got interest rate hikes, and on top of that, we're gon na.

Be talking about some other all coins in the market that have been making some more significant movements now, two more things before we get started with this video real quick, i had a subscriber telling me brian, i'm sick of you wearing the same hoodie in every single Video, so they went ahead and sent me like some merch. I forgot the name of the individual who sent this over just because it was uh the instagram account to the business, but whoever it was if you're watching this, i do appreciate it uh. He sent me like some hills, shirts and some hoodies and uh sweatpants, and i had no idea. It was gon na be like multiple items.

I just thought it was gon na be one thing, but i do appreciate that uh and i appreciate my subscribers for looking out for things like that. It just shows me how amazing the jung nation and the community really is, and i am super blessed to be in the position i am, and i just i appreciate it. I appreciate y'all one more thing: ftx has been reaching out. I did lock in a new partnership with them.

They have been crushing it this year, let alone the moves that they've been making this year within the super bowl running that insane promotional offer, giving away millions of dollars in bitcoin partnering up with steph curry, and even on top of that uh working together alongside coachella And even just having the ftx arena based in miami they've been doing great stuff and i'm always honored to be a partner with them before we get started. Ftx did sponsor this video as well. If you guys want to go ahead, real quick check out the link down below in the description you can have access to ftx, where you can buy trade and sell crypto all for a low cost. Now, with that being said, let's hop into the computer and see what is going on in the market for today, all right, so first things.

First, the global crypto market cap is sitting at 1.83 trillion dollars or four percent increase over the last day. So what you'll find is that bitcoin is currently sitting right under forty one thousand dollars sitting at forty thousand nine hundred eighty eight dollars at the time of filming this video and if we go on the one day, you'll notice that bitcoin had this really abnormal just Pump right here, uh, there is a reason for this pump and we're also gon na be talking about what happened during this dip right here, and this is actually close to the time that we did get word on. What the federal government within the united states were. Gon na do in terms of those interest rate hikes, so i did mention over the past few weeks leading up to today that we were going to get volatility, and this is exactly what we're seeing now, although this volatility may not be necessarily correlated with what the Federal government and central bank policy entailed there's still a reason for this, but studying just some of the short-term movement of what we've been seeing today.

It is definitely good news pulling out to the last seven days, you'll notice, that bitcoin did rally up past 41 thousand dollars re-entering the 42 000 zone. But it looks like right now. We are clearly getting the resistance and support levels within this week and even within the month as well. The good news out of all this is that we didn't see the market dump even right after the federal rate hike was announced.

Now it does look like things are looking a bit more better for the crypto market, although we've still been trading within the last one year in a short channel just going up and down and still expecting a lot of this uh movement within certain price ranges. I think a lot of this has been beneficial for traders, because you still have been having multiple opportunities to enter the market at a lower price and taking advantage of some of these short-term swing trades. So one reason for this pump that we have is rumored to be coming from luna, so do kwan is another korean individual who's, actually one of the founders of luna, and he did tweet btc right after it had pumped, and a lot of people are assuming that He went ahead and bought a large sum about 21 hours ago from an individual with such an amazing name, great name. By the way he stated yup, it's official it was the lfg bought up that bitcoin burn that luna and you'll notice.

According to the wallet address, we see a total of 712 million dollars right under that we did get a screen share of lfg going ahead and burning 1 000 luna about every one minute anytime. We do get large sums of bitcoin getting bought up. That is obviously going to impact the price of bitcoin and drive it up, and that is seeming to be one of the reasons why bitcoin did have that bit of an artificial pump. A lot of this is going to be whale movement whenever we see large green candles that aren't moving up.

Naturally, this is assumed to be by a whale or an institution that did buy up significantly at one point with that being said: luna, which is currently at number seven in the overall crypto market cap they're sitting at 88.55 cents today, but still about down nine percent. In the last seven days, pulling it out to the last one year, you'll notice that luna did have an insane rally happening within the past few weeks, and individuals were able to make very, very strong gains during that short period of time, and it looks like luna Seems to be consolidating cooling off, but i would not be surprised if we did expect to see another bull run with luna just because it did touch close to the previous all-time high before it seemed to cool back off once again, but the terra luna community in The overall crypto scene, as quiet as everything is, they seem to be pretty loud and pretty excited for. What's coming next, with bitcoin, also currently sitting at 41 000. Something we like to do on this channel is take a look at the moving averages to give us an indicator if things are in a better sentiment and so far with the moving average of bitcoin sitting at 41, 000 above the 20 day and the 50 day Things are looking pretty solid as we speak now.

This here is not an indicator that bitcoin is going to stay on a bullish path, but it does give us confidence in the market that we are getting a little bit more strength now going into the overall crypto fear and greed index. You'll notice that, even though we've been seeing a lot more fear happening within the market just a few weeks back, we were seeing a lot more greed or at least neutral zone entering just when we were having those all coins running up to the moon. It is times like this when we do see extreme fear in the market. You want to consider averaging in more on your investment.

If you do have the firepower left in addition to that, ethereum has actually been surprisingly doing well, they're up about 5.39 and even with bitcoin up right now we haven't been seeing all coins pop, but all coins are responding well uh to the price action of bitcoin. Seeing a little bit of a jump with avax uh back at 73 dollars today, we're seeing cardano, hopefully recovering back to the one dollar territory, soon we're seeing solana back at 87 up 5 today as well alongside many other all coins that happen to be in that Range going into the best, 24-hour gainers believe it or not, it is actually sandbox and if we do compare that to other crypto games, gal is only up 9, which is still a fair amount or decentraland, which is up nine percent. But it doesn't compare to almost double the amount of gains. This is because of sandbox partnership that they recently announced today.

So sandbox's partnership entails a collaboration with hsbc bank. In this article they state the global banking giant. Hsbc has purchased a plot of virtual land in the sandbox metaverse as part of a newly announced deal with the virtual world platform. They also state here.

The agreement opens the doors for other global institutions to continue innovating in web 3 as consumer adoption demands more robust experiences in the metaverse through decentralized and gaming offerings. Now, partnerships like this are absolutely amazing for the overall crypto space, especially for the developments within the metaverse and crypto games. I know a lot of the hype of that has been falling off and many people's interests seem to have slid off over the past few months. But i do want you guys to make sure that if you are watching content like this to continue staying educated, because at some point this year, i'm still very bullish that we are expecting to see another pop in the market.

When we see kryptos going up about 20 in days and even ave, looking like it's bouncing off the bottom finally, at 140 and getting a bit more life today, it shows a lot more confidence within this market, just showing us that things are not completely over and Things can only fall for so long and we do get overbought and oversold territories equally happening within the market on a continuous basis going into d5 llama you'll notice that we are up about 2.52 percent in the total value locked within many of these other projects. If we take a look at tara, though something that we did scope out earlier, you'll notice that they have been having a pretty good rally, reflecting upon some of the price action that we've been seeing within the past few weeks and hopefully with even more money going Into tara or luna during this time, i do hope that eventually we are going to see another all-time high. Getting broken with some of my other favorite cryptos avax is up here that is consolidating within the range solana has been losing a bit more value, but it is been holding up steadily in price and then other solutions like polygon, although the tvl has been going down In the long term it looks like we are seeing a bit of a bottom and recovery today. So i know because we've been off of youtube for about a week, there's so much news for us to get caught up on, but i'm just gon na be focusing about three key articles and then in my future live streams.

We're just gon na be touching up on some of the more relevant things out of context, maybe nft markets or other all coin deals that have been happening as well, but first things. First, let's talk about what's going on, so the federal government raises the benchmark interest rate by 25 basis points. Now, a lot of these headlines have been expected. We were anticipating the day of march 16th and i did expect to see that volatility which we have gotten today uh, but i did expect to see a bit more of a downpour in the market anytime, i'm wrong and the market does respond.

Otherwise, i'm more happy in that case just so, our bags are still not getting lit up in flames, but i also do want to mention any time we get the market counting in and anticipating events. Sometimes we don't see the sell-off happening, especially if it's supposed to be bad news, if you do think about in the past opposite occurrences of that it would be. As an example remember, when everyone thought dogecoin was going to hit a dollar and we were hyping it up, we're going crazy, snl went and it ended up selling off the news uh and buying up that rumor, and that is the opposite effect of what we would Experience in the market now, what does this mean for crypto? Do federal rate interest hikes have any play into it at all. Well, i think this actually ties into a lot of what we should expect coming in this year.

So, as stated within the new york times, the idea behind raising rates is simple. We don't have to make this overly complicated and they state higher borrowing costs can slow down inflation by tempering demand when it costs more to borrow fewer people can afford houses and cars and fewer businesses can afford to expand or buy new machinery spending pulls back and With less activity happening, companies need fewer workers, less demand for labor makes for slower wage growth, which cools demand further and higher rates effectively pour cold water on the economy. So obviously it would be nice for interest rates to continue staying low uh. I am in the process of building out a home.

I've been in this process for about five to six months. Now it's been a while and i'm pretty much buying the home at the top of the market price and by the end of this year, when it should get built out, i'm paying some of the highest interest rates, because we are known to get interest rate hikes Happening over and over again and it's so far out, i haven't been able to lock in the rates. So you know for people like me. It does put me in a bad situation if you guys are trying to buy a home one day too or you're trying to purchase a car.

You might find yourself getting a bit more higher of an interest rate than we did see in the middle of the pandemic. All of this is in balance, though anytime we do see higher interest rates going up oftentimes. The price of that asset goes down to match it so oftentimes, we do see equilibrium happening within these markets, but i do want to make sure that you guys are completely aware of what's going on here, because this still does have impacts within traditional markets as well. A lot of the changes that have been made have been pretty inevitable, but it is good that we are still seeing responses, and i do think this plays into more of a fact of why crypto is so important and the use case that we're gon na see It moving on at this year now another piece of good news that i want to share that helps.

The longevity of where we stand with crypto is going to be the executive order. What happened there? What does it mean and how can we get it simplified? Just so, we understand the basics of this entire page that was brought out, so this article here by forbes explains it the best in this statement here. The executive order is really a call for coordination playing quarterback to ensure that regulators are working together to feed into a clear and consistent framework for crypto regulation rather than engage in disparate work streams. The crypto executive order focused on six key areas: consumer investor protection, financial stability, illicit activity, u.s competitiveness on a global stage, financial inclusion and responsible innovation with cryptocurrencies that have been up on the rise within the past year.

We have been getting a lot of questions on what is acceptable and, what's not, what is a rug pull? What's not what is considered an nft scam and can influencers like the save the kids token and all these projects that dumped and hurt innocent people? How are they going to get traded? How are they going to follow laws in the future, and what is this going to mean for us? I do think the executive order was rather really good news, because we are getting the questions to all the negatives of cryptocurrency solved. The executive order could have been much more aggressive. It could have been something like we don't like crypto, because we may not be able to track and tax your assets properly, because it's decentralized or we don't like crypto, because it takes away power from the government. It could have been way worse from what we're seeing, but when we do get a lot of these protection talks, stability talks or what is right, acceptable or the inclusion.

This opens up the doors for banks and other institutions and even gives the green light on big asset managers to begin entering the space i mentioned in my prediction, within the crypto executive order that it would be good news and it looks like it turned out just In that way, uh we are getting this to help progress where we are, and it looks like the us government isn't completely against crypto and they're not trying to fence it in within this square circle thing that i'm trying to show y'all it looks like they are Trying to rather pave the way so while we continue to innovate, we do have limitations on what is right. What is wrong, but the government sometimes can get a little out of hand with it, and it just depends on how far they want to take those limitations to. I think, because of the growth we've seen with crypto, it's going to be hard and i don't think people would stay silent if in case they did say you know we're just gon na ban this ban that and uh you're only gon na be able to limit How much like say a thousand dollars into crypto month? I think people would be pretty upset and i don't see a future of that happening at all. I could be wrong, though, because a lot of unexpected things tend to happen in the world like even right now with the ukraine and russia uh war, but hopefully we're not wrong there.

Now, on top of that, i did want to end with this breaking headline here. Talking about ukraine, a president voladimir zalenski, going ahead and legalizing crypto in the country signing into a new law a bill on virtual assets amid a frenzy of digital asset donations to support the country's defense. If you didn't know, ukraine did receive about a hundred million dollars in crypto donations and they've been stating exactly how they've been using those funds. So this here is another example of a major country going ahead and having global adoption within the crypto space.

We've also been seeing the benefits of crypto, although happening within unfortunate circumstances with russia and the ukraine war. There is still a lot of use case that is coming out every single day, utility use case and overall global adoption from major companies. This seems very bullish to me, and i do hope that we do see another exciting bull run by the end of this year, so that is gon na be wrapping up. Today's video, thank you all so much again for tuning by today's crypto market update, if you guys have not done so already, don't forget to subscribe.

Like and uh drop a comment we haven't done this in a while. I feel like we haven't done in a while comment down below site comment down below site. If you guys are watching this till the end, i did miss you all i'll, be reading these comments, and hopefully you guys did find some value and i will be seeing you guys soon. Also, on top of that, i did make a tweet this morning that i'm looking to purchase a board ape uh.

They are hella expensive. So if i happen to have any viewers that know of any whales or you are well - and you want to work out, some over-the-counter deal shoot me a dm on twitter because i'm looking to add that to my portfolio, i'm doing a little cool project. With a few other youtubers um, i may not even hold this asset for a long time, but if you do have an ape or you know someone with an ape, let me know down below and that just reminds me don't forget to follow me over on instagram. As well link down below in the description of this video, thank you all so much again for watching have an amazing day and i'll talk to y'all soon, peace,.

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