Ladies and gentlemen, welcome back to another video. Hopefully you guys have all been doing well. Today, the crypto market is experiencing a decent amount of pullback. We are seeing a lot of red in this video we're going to be going over everything you need to know with regards to the crypto market.

Some key dates that we need to know for ethereum and bitcoin, which is going to help us a lot in determining what we should be doing as newer investors, if you guys are new to the channel. Welcome back to another video wait, a second new to the chat. Welcome! No that doesn't! If you are returning subscribers, welcome back to another video. Hopefully you guys have all been doing well.

It looks like the interest in crypto market updates have been going down significantly. So if i could get a little bit of your help, so the youtube algorithm can help us out. Go ahead, drop a like down below on this video. That really does push this out to others other than that, let's get started and see what's happening in the market for today, alrighty my beautiful beautiful people, and, if you are viewers of the jungie show you guys are all very amazing - gorgeous people uh the global crypto Market cap for today is sitting at 1.36 trillion dollars or a six percent decrease.

Just in the last 24 hours we are seeing a slight increase in the volume and bitcoin's dominance is currently up to 44. So in the short-term volatility of bitcoin, it looks like it has broken some recent support levels pulling it all the way down to thirty two thousand six hundred forty dollars at the time of this recording. Now, as you guys know, anytime bitcoin does take a dip most other. All coins follow suit and it looks like even with a slight four percent decrease.

We are getting an amplification of discounts getting scattered around all different cryptocurrencies on the market for today, resulting in ethereum, pulling back to 2100 or down 8.9 percent. We're also seeing finance coins still hovering at around 308 dollars, cardano down four percent xrp down five percent. If we look at the crypto heat map for today, it's just gon na be all around red for today now with opportunities like this, we would consider this a buying opportunity because oftentimes we see a quick bounce up and then you can, you know just have some Short term a profit during a missed, a market volatility run just like this, but here's what i'm going to suggest right now we're not seeing huge fluctuations with bitcoin's price. We are still holding stable right above 32 000 and it's not showing any signs of new support levels getting broken.

So what this means is if we do have bitcoin returning back to some near all-time highs entering some positions when all coins take a dip like this. May not be a bad strategy at all, but here's what i always recommend never try to time the market, because it is nearly impossible and if you are still trying to invest into the market dollar cost averaging is always going to be your best bet. So, on top of that, it looks like dogecoin is sitting at 20 sensor down 15.76 for the week, and it looks like no matter what elon musk tries to do. It looks like he cannot save this drowning doge right now.

What i believe with dogecoin and other all coins, is we're gon na seriously need a boost with bitcoin. We're gon na need some more volume, some more activity happening before we can get that spark ignited with any of these other all coins. But if you are looking for some more significant gains with higher risk, all coins are still going to be your best bet, especially when bitcoin is moving within a solid channel anywhere from 32 to 34 000, and it looks like we are still seeing some more sideways Action in the market, regardless of all the news that has been coming out with regards to cryptocurrency. If i go down, we're not gon na, be seeing any huge, drastic changes other than some four to ten percent increase or decreases in the market.

But one cryptocurrency that i do want to highlight that have been talking about recently is going to be ave. It looks like right now they are under 300 and they are still up 26. In the last seven days, avi recently came out with news talking about ave pro. We have been seeing them actually doing fairly well, regardless of bitcoin's price in the market.

So you can see this little recovery that they're having ever since we've been having that market pull back just last week, so ave still performing fairly decent, and this is just a testimony to show you that, even though bitcoin is not doing well, it doesn't mean every Single altcoin in the market is going to be doing trash either. Let's go into the 24 increase and see. Stax is up, icx or icon is also up another 10 or 30 percent in the last week, and other than that you know most other cryptocurrencies are down, but we go into the seven day. Percent increases axi, infinity, kucoin uh flow synthetics, i mean these are all cryptocurrencies, even harmony, one one of my favorite top cryptocurrencies as well.

They are still making some movements and they are showing a little bit of life, regardless of the big downturn that we've had so was the market bottom in last week. Can these all coins be an indicator of what we may see with the overall crypto market? We just have to stay tuned for that now. On top of that, you guys we do have some additional crypto news. First of all, we got to talk about those key dates that i've been mentioning over on my channel, so we have grayscale, which we talked about thoroughly uh.

They are actually coming out with an unlocking for one of their trust regarding bitcoin. This date is set to come out on july 18th and this is going to be the largest unlocking date, with over 16 240 bitcoin becoming available and that's up to 530 million dollars. People are speculating that when this does happen, when that date comes about, we are gon na see a significant drop in bitcoin, because a lot of these investors who have been putting their money into these trusts would want to liquidate it now. This is all still speculation and any time we've heard of news like this, sometimes there is no effect at all.

Sometimes the price goes up even higher, so this is really just going to be a date that we have to keep an eye out on now. Next to bitcoin we do have the number two top dog and hopefully, when the flipping happens, one day and ethereum overtakes bitcoin, we can proudly say ethereum is a top number one dog, but ethereum is coming out with that london upgrade integration, that's going to be ethereum! 2.0 coming out - and this is going to be set for some time in august, so the ethereum network will undergo a major upgrade on august 4th as a long-awaited london. Hard fork is expected to launch at block 12 million 965 000. The transition is part of a road map leading to the ethereum 2.0 release, which aims to migrate the network to a proof of state consensus mechanism, now guys, let's, let's scroll a little bit back to dogecoin back when elon musk was going on snl and they were Going to say that this is going to be the day that dogecoin goes to the moon, it goes past.

A dollar and people are expecting to get very, very rich, but we saw that right during then that's when dogecoin started to go down significantly and we never saw that one dollar all-time high that many people were expecting for that coin. The reason why i bring that up is because i believe, with ethereum 2.0, if we see ethereum breaking 2500, which is a support level. That's going to put us in the green, and it's going to show some very promising news for this all coin right here, regardless of whatever happens with bitcoin ethereum still has a lot of promising uh price action movements that we should be able to see now. This is one of those instances where i really really need to caution my audience to pay attention to, because just like the concept of buying in the rumor and then selling the news with dogecoin and snl, we could see a similar thing happen again.

With the ethereum token and the ethereum price, so what you guys have to realize is whenever this date comes about, we have to keep a very steady eye on what happens with ethereum. If ethereum continues to rise in price and breaks 2500, i will be averaging out some ethereum positions that i entered in when ethereum was under 2 000. That would be a successful swing trade for me, regardless of the long-term hold that we are seeing just because we don't know how far this winter or this up and down may go and if the london hard fork does pull up in the next month. And then we see the price of ethereum going down.

That's when you can average back into your positions and to just make additional profit. So that is just some additional dates that you should keep an eye out. So ethereum it's going to be august 4th and with bitcoin it is going to be july 18.. Now back to some crypto news.

This is really interesting. Actually, so the international auction house sotheby's will accept payment in bitcoin or ether at the sale of 101.38 carat diamond. This friday, marking another milestone in the adoption of cryptocurrencies, this pear-shaped, flawless diamond, could fetch as much as 15 million dollars in the single lot sale in hong kong. The most expensive physical object ever publicly offered for purchase with cryptocurrency.

Now, the last time we had any type of news regarding uh large purchases happening was definitely the bank ski that we heard about during the nft craze. Believe it or not. I was actually at the banksy burning when they turned it into an nft. It sounded very cool in publications, but in person it really wasn't all that it was kind of an awkward event, but we have heard of different physical items being sold or being involved with cryptocurrency, whether it's getting turned into an nft or whether someone's able to purchase It with cryptocurrency, it is definitely really interesting to see the real world use case that we're having with digital assets and everything going on in the world, including purchases of different assets.

Now, on top of that, there was a korean investigation that found 1.48 billion dollars in illegal overseas crypto transactions. So more than 30 people are facing fines and prosecution in south korea for allegedly contravening the country's ban on overseas crypto transactions. So, according to the investigation unit, there are three different categories: four criminal acts within korea and just a little bit of context in korea. They really don't like cryptocurrency.

It is a much smaller country than what we would compare to with china, who has a much more larger footprint within their citizens and how much volume can go into the overall crypto market. But with korea. They've really been isolated and their government has not been pushing out any type of cryptocurrency or advocating it in any way shape or form. So going back into the three categories, the first group involved people who engaged in foreign crypto exchange trading, which is banned in south korea.

These persons allegedly contracted a third-party entities to transfer funds within for overseas cryptocurrency exchanges to the tune of over 700 million dollars. The second category involved people who used false remittance records to buy crypto from overseas exchanges in one of the cases, an exchange operator in the country allegedly used 308 million dollars in fake invoices to send funds to an overseas firm. Now it's absolutely crazy to hear and see how tight they're trying to get on regulations and especially with a third category where a korean use their credit card to get cash and then they bought crypto and then they got in trouble for that. So it's absolutely insane to see the amount of leaps that other countries would go ahead and take, and as a fellow korean i really got no opinion on this.

When i do go to korea, i will be using my crypto because i'm not a citizen there, but i will keep an eye out on my shoulder. So i do not get bagged up by the po-po now with regards to other neighboring countries in asia regarding cryptocurrency. So china's digital yawn deploys at speed, leaving dust in its path in this article, it states, with each passing day the list of nations actively exploring the idea of central bank digital currencies, also known as cbdc's, is continuing to grow at a rapid pace, while china's digital Yan project may be the one that everyone talks about the most in recent months. Countries like the uk, sweden and japan have forged ahead with their own cbdc research and or testing.

So it's really interesting to see other countries having their own deployment methods of either battling cryptocurrency or trying to be a replacement for some of the main ones on the exchanges. I don't know how i feel about cbdc's, because overall, it does help the entire cryptocurrency market. Just because people are learning more about it and they're getting used to it and it's not a huge leap into other cryptocurrencies, but at the same time i can definitely tell that they want to create this. They want to create supremacy, they want to make sure that they have their power, their censorship and that's going to come through owning their own digital currency as well.

If you guys are watching this video right now, let's interact, let me know down below how you guys feel about cbdc's, if you guys think they are good for the crypto industry or if they're bad, and your reason why now one more thing we have been seeing Some hungry, hungry, crypto whales scooping up some bitcoin on a discount. If you don't know whales are, these are pretty much larger institutions or multi-multi-millionaires who are buying large sums of crypto because of the blockchain. We can track all of the transactions that are made so on july, 2nd 18 new whales had surfaced on the chain and the total bitcoin balance held by these whale entities. Listen to this, it shot up by 82, 760 bitcoin or 2.87 billion dollars at current prices.

This is clearly a bullish sign, and on top of that, we're getting word that a 200 million dollar uk crypto hedge fund found that 82 of institutional investors and wealth managers from the us, uk, france, germany and the uae, who currently have exposure to cryptocurrencies and digital Assets expect the price to increase by 2023., so i believe, right now, with the rate of inflation, seeing all the different markets going up, seeing the lack of houses seeing the rise of used car prices and even eggs eggs at the grocery store. I recently went ahead and bought some granted. It was at whole foods which jacks up the price, but i had to pay ten dollars for my eggs, which was definitely a all-time high within that market as well. Only time will tell if this is short-term inflation due to supply cuts, but i do believe inflation like this.

This is not short term. I believe this is here to stay and i don't think we're just going to have a quick reversal back to where the prices were before this pandemic had started, but also, let me know what you guys think of inflation rates down below. I think it's going to keep going up and i think cryptocurrency is still the best hedge or the best alternative asset in order to fight any type of inflation and grow your investment all right and to wrap this video up. One of our inner circle members had asked me a question.

I told mandeep, hey man i'ma just answer it in one of my next youtube videos and he says: hey brian. I wanted to send this on the discord, but am unable to do so. It's a topic. Perhaps or a video as a what do you think i'd be really keen to know your thoughts? As i know, you've previously mentioned in videos that once btc approaches 100k, you will start to scale out, so this falls under the category of well.

What do we invest in then, or what does crypto investing look like when all-time highs are maxed out so mandeep? I think this is an awesome question. Man uh. Let me just start out with the top part where you ask: what do you invest in when bitcoin hits 100k? So whenever we hit these new all-time highs for cryptocurrency, you can't assume that all the money is done. If cryptocurrency reaches those all-time highs, it means we're seeing some huge major development and anytime, we break those resistant levels or we go to some newer, all-time highs.

You don't just expect the market to completely tank or collapse. I believe in the long-term run, when the global crypto market cap continues to expand, we're going to have a huge opportunity to continue making money, whether it's in a bitcoin or ethereum or other following altcoins. Now i can't necessarily say it's going to be like the stock market, but i do believe most people are going to be investing into the crypto market, but stock investing is never going to go away and in essence, whenever one market goes up and the other market Goes down it gives people that flexibility and that diversity to choose their investments wisely. All i have to say is whenever we do hit those all-time highs.

I don't expect the market to completely tank after that and for us to even get to those all-time highs. It means that crypto is going to have a lot more stability, a lot more supply, a lot more volume, and it's not going to be enough for one man coming out with a tweet to single-handedly dump the market. At that point, we're gon na have enough volume where, whatever someone tweets or whatever the sentiment may be overall, the price should stay consistent and be what crypto was meant to be. This is why we're saying like with bitcoin we're experiencing some huge volatility because we're in the early stages, but if bitcoin was at 250k or 500k per coin, we wouldn't be having these fluctuations of 10 20 in a week, maybe at most a percent in a week.

So we'll see what happens, then it's definitely long-term thinking. But i like, where your head's at because at the time, even though we're caught up in the short-term volatility and all the news and the regulations that we get it's so important for us to see what may be ahead of us in the future. Because if you are going long, this is definitely going to be important news for you to gather whether or not you should keep holding your investment already guys. Thank you all so much again for watching this video.

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