So today, in the morning of day, two for the fomc meeting, the crypto market has been in this tug of war battle between the bulls and the bears. The question right now is what will federal chairman jerome powell and the fomc be doing this month and the month to come to combat that 8.5 inflation rate now, if you guys have been following along on this channel for the past few months, you've already know that We've been expecting some hawkish monetary policy, with the fed's decision of increasing interest rates and shrinking their balance sheet. But despite this and everyone's prediction on what will happen in the near future, bitcoin and several other all coins have actually been going up in the past 24 hours. So in today's video we'll take a deep dive into what's going on with bitcoin's price action and why you may want to consider remaining bullish long term in bitcoin, despite everything that may be happening within the markets after this fomc meeting is complete, like always, if you're Enjoying these daily market updates don't forget to drop a like down below subscribe, if you haven't done so already and with that being said, let's hop into the computer and see what is going on for two foot day, so the global crypto market for today sitting at 1.75 trillion dollars we're up about 1.44, and that is because bitcoin actually had a bit of an increase in its price.

Before we talk about some of the other all coins in the market, let's talk about what's going on with bitcoin, because it's been in a mood lately and we want to figure out exactly what direction we could see it moving next, all right so bitcoin. Currently, today is sitting right under 39 000. It was actually up 1.5 for the opening day today, but earlier since then, we've been having a little bit of a pullback now earlier this morning, bitcoin also went ahead and broke some key resistance levels on the four-hour chart. They first broke through this 20 moving average, which is actually going to be the blue line that you see on your screen here, then the descending resistance line, which is the orange level, and then we actually got the 50 moving average, which is the green line which It looks like it was recently trying to test zooming into you actually notice on the short term charts for today.

It did breach it for a very quick moment now, bitcoin price actually reaching at one point as high as thirty nine thousand dollars. It is now struggling to break through that level, and it looks like this is going to be the key resistance, at least for the short term move. Now bitcoin touched the 39 thousand dollar resistance level five times in the past week on that four hour chart. What this shows us is that there is some excitement between bitcoin and the bulls are desperately trying to make some moves now.

Some good news for bitcoin is that, at the time of filming this video after the price broke through the 50 moving average, which is that green line that you see here. It actually went down and retested that level and it held up. So what we're really hoping for is for us to see that 50 moving average continuing to turn into a support level for bitcoin, instead of being the resistance. You'll notice that, even though we're up on the five day with the 20 day, the 50 day, the 100 day even the 200 day, moving average bitcoin is actually down a significant amount from it.

Now, while the overall market is somewhat stagnant for today, when we receive updates from the meeting that is taking place in about an hour from filming this video, the meeting is going to give us at least a clear picture of the upcoming monetary policies. That's going to affect the markets for better or for worse since the beginning of this year. One factor that's actually affected. Bitcoin very, very tremendously, is going to be any type of central bank policy moves.

This right here single-handedly moves the entire equities market. It moves stocks, it moves, bitcoin bitcoin moves alt, and it moves pretty much anything that you might be invested into now. I do want to mention at the same time, there are other markets within crypto, not just where you're trading crypto or you can make money, but we've also been finding a lot of success within nfts dfi has still been holding relatively safe, apy yields where people have Still been generating consistent revenue from that as well. Whenever we get these fomc meetings, we get large volatility in the market.

We could see bitcoin moving up five percent. Then it could go down three percent. Then it could move again up four percent. These are days where people don't really know what to do.

People are they're taking those profits. People are either buying in regardless on days like this, we often see more volume and if we actually take a look at the total crypto market volume within the last 24 hours, we're actually up about 13 there as well make sure that you're constantly taking those profits Off the table and when i say profits, it means bags that are currently still in the green. I'm not talking about losses if you do want to realize those losses as well make sure that, as an investor, you know all the benefits of things such as tax loss, harvesting, or you know where to place that investment next. So, even this morning, when i woke up first thing, i did was actually check our discord and one of the messages that i got was from a member stating brian.

I need some advice here. What should i do if i'm down on dogecoin and shiba inu about 20 to 30? He stated that he knows that i've been doing well for my nft trades, we're gon na go ahead and post some of our winners as well. So you guys can see that if you know what opportunities coming up next and you're bullish on something else, and you need that capital because you are out of money and thin your checking account then at that same time you could use that crypto turn it into Ethereum solana, whatever you're, trying to use and then proceed to make your money back through those layers. Now, although you technically are realizing the losses on those investment, when you do trade it for another asset or you decide to change, you know your cardno into ethereum, then by ethereum nfts.

If you're still able to make a two to three x, which many of our members have been doing, this is still a strong opportunity for you to be able to recoup those losses and make even more money. At the same time, now going into some of our top all coin winners, for today i mean ethereum - is climbing back up to twenty eight hundred dollars pulling into the big winners for the 24 hour period. We have zill up 19. We have curve up 11.

We have waves up 11 and, alongside that, we actually do have some winners. Step in our gmt is down about 17 for the last seven days, and then we also have a r down about 4.46 alongside other kryptos. It's not taking a huge loss. Obviously, within the top 100, we have way more winners than the losers, but that is because we're coming at a time where, even with bitcoin, we are seeing some upward price action now.

One crypto that we can't forget to mention here is actually going to be apecoin. A coin did get a pump in the market back at 15 and 68 cents, and we'll talk about shortly exactly why this happened and why this mother of all green candles happened as well. Now i want to mention this one thing here before we go into the headlines of this news, but it actually shows a really good tweet. On the last time, the fed came up with a lot of subsequent rate hikes after being zero for a long time.

Well, in 2017, we actually saw bitcoin entering a bull market. If you take a look at the charts here, you'll notice that bitcoin started moving upwards when we actually got federal interest rates. Getting spoken, they're gon na go up as well. Now since then, obviously bitcoin has been going down in price, but today, if we get word, which is very likely - i mean at the time of filming this video, like it it'll already have came out, but we'll see the long, lasting effects of this.

But in 2017 we did see historical evidence that it did help us long term combine that, with the current circumstance of may being a generally bullish month for the overall crypto markets and even the stock market and other indexes. There is a lot of factors and variables here at play, which should indicate for us to see another role in the market. Now, as you guys can clearly see, i do not have a fortune teller ball, i don't have a prediction, i don't have an orb. I don't have nothing i wish i can, if i could go out to the grocery store, buy one of those things and then let my viewers know what's happening in the market for tomorrow.

I'd go ahead and do that. But what we can do best here, because we don't have that we can take a look at the charts. We can look at moving averages, we can see historical data and then you guys, the viewers you guys can inform yourself create the decision on whether or not you want to enter this market and play the opportunity and the possibility that bitcoin may return to a bull Run at some point this year for me personally, whether it's bull bear down sideways left right, i don't know whatever is happening within the market, i'm still chilling, i'm still finding ways to make great money and april was still one of our best months year to date. In just making our investment back now, bitcoin is also testing a multi-week resistance on the daily chart, which is this black line here down below and if we break this line and the multi-week downtrend comes to an end for a potential run.

We could then see a 40 000 levels all right now before we get started with the major crypto news and headlines for today. Just real quick wanted to give a big shout out to our sponsors for today's video and that's going to be ftx now with crypto. Getting more adoption worldwide and more and more people looking to get started. I always have these three things: it's security, it's ease of use, and, on top of that, it's being able to find an exchange that allows you to buy trade, sell crypto for the low.

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It never hurts to have multiple exchanges, and on top of that, you get an opportunity to just get a free 100 by using the link down below now. That being said, let's go into the next headline, so one of the richest men on this planet, elon musk, has once caused another stir within the cryptocurrency community, but more specifically the nft market. As well moments ago. The man actually went ahead and decided to change his twitter profile picture to a bored ape with a golden fur, surrounded by other apes.

Now, just after a few minutes, musk changed his twitter profile picture. We got this insane thing happening and this is often known as the elon candle. So since then apecoin actually jumped up 20 from 14 to 17 50 cents and then since then, it's been averaging out to about 15. Now now, for the main profile picture that elon musk has it actually has these dope little blue glasses? And i don't know if you guys know, but my ape george actually has the same feature as well, so very cool very, like i think elon would pump my bags on my board ape.

I actually would not sell that. Even if i got a huge high offer right now, i would not sell it um, but it is just nice for me to be able to see that and also have a little bit of commonality with someone who's a billionaire as well. Now i know, realistically, with the situation of board apes being worth a couple hundred thousand dollars, it is unrealistic for many people to be able to afford them. The whole idea is this: it took me a really really long time to be able to even get to a point where i could consider buying a board ape.

I went in and was able to buy my own board ape when the floor of that actually went down to 77 eath. So on average, it's worth about 110, plus each depending on the day that actually came from a dip after apecoin came out and was released. So, even with that purchase, i'm very lucky that i have the funds to be able to do that, but even with that, i've been able to make at least a hundred thousand dollars in unrealized profits. Just from that one trade alone, i never grew up thinking.

I would be able to afford any one of these assets, and i know for you guys watching these videos. You can also achieve your goals just by watching these videos having some involvement within the crypto market. It only takes a few wins where you're able to get lucky roll those forward and then get to a point where you find yourself: hey i'm up a thousand dollars, i'm up ten thousand dollars, i'm up a hundred thousand dollars, and then you have these this two Three 300: even 500, 000 or half a million dollar crypto nft portfolio, and this is when you're able to make those buys up for something that recently came out with apecoin and even the other deeds nft project. If we're able to get large leaders within the space.

Continuing to advertise and hype up the yuga labs project, i can definitely see apecoin going too high. I can see other deeds moving forward as well. I just think it's going to take some time until we see that actual utility for those projects. Now the next headline we have for today is that the united states sec also disclosed that it will double the size of its employees responsible for protecting investors in the digital asset ecosystem.

So they stated here. According to a statement, the expansion would bring the number of personnel to 50 people overseeing the fast-growing crypto industry. The additional positions for this is going to include trial councils staff, attorneys fraud, analysts and even some supervisors. Now gary gensler, chairman of the sec, also argued that the us has the greatest capital markets, because investors have faith in them and as more people invest into crypto, it is quoted.

It is incredibly or increasingly important to dedicate more resources to protect them. Now. Out of all of this, the one question that i have is: can this be good? Can it be good that the sec is adding additional people into their space? The sec has been a pain in the donkey for a lot of investors, but at the same time, this could be great for one reason here: they state that they have a goal of protecting us investors from fraudulent activities and scams. Now, while we desperately need this, because we get scammers happening all the time within this space and if the sec is able to have a full division, that's able to prosecute them and know where that line is settled just so it's in protection for us.

I think that's a win. I think it'll also set the crypto market straight it'll take out a lot of the scammy projects, but at the same time the sec is not an organization that i agree with in its entirety. At all, the sec is probably one of the most corrupt political institutions that exist right now, and we've actually seen them flex their power on different exchanges such as block by celsius or other interest, bearing accounts not only that, but even with xrp and the ripple community. There, which has been going through their lawsuit sec, although it states these things, sometimes it literally feels like they're doing the exact opposite, but they're trying to slow down the overall growth for crypto.

Now i don't know what the truth behind all of this is, but i will say this when it comes to the overall development of crypto regulation is good, but i think there's a fine boundary where, if an organization takes it a step too far, it could be Detrimental for the space as well now, in terms of our next news, we actually got coinbase, which collateralized bitcoin for the first bitcoin backed loan by goldman sachs. So goldman sachs made history in the crypto world after issuing its first ever bitcoin backed loan back in april. Pretty much with the timeline less than a week after goldman sachs announced that new bitcoin-backed loan bloomberg went ahead and reported that coinbase collateralized, a bitcoin for a cash loan with goldman sachs and the terms of that amount is currently undisclosed. So while goldman may be new to the process of collateralizing bitcoin for those loans, the bank did dip its toes in the pool of bitcoin in the past month of march.

At that time, the bank initiated a non-deliverable bitcoin option, which is a derivative of bitcoin. That pays the borrower, in this case, goldman sachs in cash, went ahead and initiated this trade that was helped by the facilitating company galaxy digital holdings, which we mentioned back in one of our updates. Now i think this pretty much sums up what this entire piece of news means for us and they state on the screen. Coinbase's work with goldman is a first step in the recognition of crypto as collateral, which deepens the bridge between fiat and crypto economies.

Every day we get more adoption every day we get more news, but bitcoin bitcoin has not been doing what we expected to do. So it's just a matter of time. I will, i probably say it every week, but i'll continue to say it think about the arrow. You know you pull back the arrow, you can only pull it back so much before you have to pull it and when you pull it, we send the price of the market soaring.

It still blows my mind how flat the markets are at this point, but i'm not going to complain. There are many other worse things going on in the world, even with crypto being rather sideways not doing much. There are still ways that you can always make money. All right so in terms of our next major news for today, kraken one of the largest crypto exchanges went ahead and joined this entire nft craze.

So the crypto marketplace announced tuesday that it's opened a waitlist for kraken nft, where users can now buy, sell and store their tokens with them as well. Kraken, let's go into. It is the fourth largest crypto marketplace after binance coinbase and ftx according to coin market cap now this company said it had over 9 million clients and it actually recorded 601 billion dollars in transactions in 2021.. Now they are based in the us, and although this is not an exchange that i personally use, they are used by many other countries, including 176, outside the us now kraken and doing this is actually following a move that we recently had with coinbase's beta launch regarding Their nft marketplace as well, it seems like even a lot of these exchanges, know that the money may be in the nft space and we're actually seeing them growing at this competition, low-key and in the fast-growing sector.

That's been dominated by open sea, which is still number one top dog in the space. It looks like a lot of these exchanges are trying to step in as well. Now it was actually reported back in 2021 that the nft marketplace is expected to be worth over. 40 billion dollars, kraken did say, though, using their nft platform they're, not planning to charge any transaction fees, also known as the gas fees that you have to use when you're initiating a trade, but they do plan on making money when transferring nfts and other crypto assets.

On and off of their own platform now, just like coinbase kraken is following that similar roadmap and they state that they're trying to aim to make nft transactions as user friendly as possible. In addition, kraken's trying to do a little bit more, they want to add a feature of a rarity score based on the traits and attributes that make every nft unique, and on top of that, it's noted that they do want to reward their creators with a portion Of each secondary market sale price for that nft. Now i'm really curious to see how kraken's nft platform is going to look because coinbase's nfd platform, it just straight up, looked like a booty out of a booty hole that just it was just not cool. It was not good, it disappointed everyone.

We actually thought within the nft space that if coinbase did create their beta and it was accessed, it was accessible to the public. It would you know it would drive everything up. No, it was disappointing now, one more piece of headline just to wrap up this video wikipedia went ahead and banned crypto donations, so while other countries, companies and banks have been more adopting of bitcoin and even accepting crypto, the wikimedia foundation, which backs wikipedia announced that they'll Be shutting down its bitpay account and will stop accepting cryptocurrency donations based on the community feedback back on january 10th. This was a proposal that cited energy consumption, ease of use for sanctioned individuals and exposure to crypto scams and people actually voted to not have crypto donations available there.

My thoughts when it comes to this is who actually donates to wikipedia i mean i know we use it really quick, but i guess, if you really find value in an article, would you really go out your way to donate your money to wherever it's going? That's the big thing, and second, i just think if people want to monetize themselves or their information wikipedia is probably the worst place to do it at the same time, with all these companies moving into crypto, and then we take some stepping back and associating with scams That may not be the best move to make within the space. The key point out of this story is going to be that some companies make the right move. Other companies make terrible decisions and then it's up to us to gauge whether or not it is or it isn't 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, be sure to Check out the links down below in the description where you can find my twitter and my instagram as well. If you do follow me, you're gon na get dm then followed by fake brian young accounts.

Please watch out, for them do not get scammed. On top of that, we are actually opening up some more discord. Patreon spots, you guys have been asking me non-stop, twitter, instagram, dm everywhere, everyone's been trying to get in friday, 5 p.m. Eastern time i'm gon na be opening up about 100 spots, then, if you're unable to get in we're actually going to do something new too for majority of the month, it is always going to be closed off, and that is just because i cannot handle the influx Of newer investors trying to get in right now, if you guys, are unable to join the patreon and the discord, but you really really want to get in, and you want to have a chance of accessing me, my portfolio, the research, our analyst we're going to have A google docs form, or some type of landing page within there, fill out the interview questions when you fill those out we're going to be following back up with you with a private invitation, only discord link at this point i think, moving forward in the future, just Because of the scale, we may not be doing too many public openings at all, even right.

Now we're hiring some of the smartest people within the crypto space people who have had five to ten years of research, we're getting moderators on board and i'm continuing to invest back into this community so that you guys are fulfilled in the best education possible. On this space now guys, we always do a secret code word at the end of these videos. Yesterday was mike and today will be bike comment down below bike. If you made it to the end of this video, i got some questions like brian.

What kind of mic this is actually a sure mic um? I i recorded like earlier this week. This mic was not working, so i'm trying to set up this backup mic, but the wire has not come in yet so uh uh yeah. Thank you all again for watching this. Video have a great day talk to y'all soon, peace,.