So earlier, today, on this beautiful friday morning, bitcoin went ahead and dipped below forty thousand dollars once again hitting the midpoint of a three month long trading range. Let's talk about what's going on with bitcoin, why it had a bit of a tumble, but also, let's focus a bit more importantly, on what's gon na happen next within the all coin up market, while it's important for us to know the trajectory of where bitcoin is Headed all coin season is where a majority of traders are going to make their gains, and it's important for us to know exactly how we should be pivoting as investors now like the usual, if you guys have been enjoying these updates. First of all, i do appreciate all the amazing supportive comments that we've been getting big shout out to you guys if you're watching it don't forget to drop a like down below on this video subscribe. If you guys are new and let's get started with today's update, so the global crypto market is sitting at 1.85 trillion dollars or a decrease of 3.69.

Since yesterday's video, if we take a look at the crypto, fear and greed index today, we are sitting at a 26 with some fear in the market and getting a refresh with last week having extreme fear as well. Now the reason for this slight price decline for bitcoin happened after federal chairman jerome powell went ahead and spoke at a news conference yesterday, where he hinted and gave support behind a double-sized rate increase in may now. The federal government normally raises rates by 0.25 percentage points at a time when they're combating inflation, but with inflation trending at a 41-year high. The central bank is looking to raise rates not by 0.25, but double at 0.5 points in may's meeting.

If we take a look at this article here from back in march, where they state federal reserve, approves the first interest rate hike in more than three years and see six more ahead, all those stories like this would have naturally made the market go down. If you guys do remember april was actually a very bullish month for the entire market. Now investors are now expecting the raise of rates to go on by those point 50 points for may june and july. James bullard, a president of the saint louis federal reserve bank, also said tuesday that he expects interest rates to reach as high of 3.5 percent by the end of the year.

Now the central bank continues on its rate hike cycle. What does this mean for us? Regular people well, first of all, we can expect to see pricier mortgages, i'm actually still in the process of my home getting built out, and i have not been able to secure a mortgage for it. Every time i get the rates for that. It's going up and up and up - and it seems like i bought the house at one of the top points of the market, and now i'm also going to get the double crappy end of the stick, which is paying the higher mortgage rates as well.

Now i know the current situation that i'm dealing with is pretty common within the united states. A lot of people who did end up closing on a house or on a brand new property has been taking a lot longer to build out because of all the supply chain issues as well. On top of pricier mortgages. Car loans are going to start going up in those interest rates and we're also going to see credit card interest going up too now, while all those are a bit more on the negative side, if you guys are following along on this channel, most guys should know That you shouldn't be paying any type of credit card debt uh before all of the crypto content.

We focus a lot on credit cards back in the day, and i know a lot of you guys are wondering when the credit card content is coming back. That will be coming back soon too. It wasn't all about using credit cards in order to accumulate more debt and then put off purchases to pay interest off on a later date. It was all about maximizing your credit cards by paying it off on time, although we have been talking a lot about crypto on this channel, the general financial literacy is something i want to make sure.

Every single individual who watches this channel learns it's a little off topic but make sure that you guys do not have a load of credit card debt and make sure you're not ever paying 12, 15 or even 20 interest, while these rates continue to hike up now. Pow also reported and said they aren't going to hope for the supply issues to go back to normal anytime soon and instead they're going to tackle the inflation problem as if the war in ukraine and other supply chain issues aren't going to be resolved anytime soon. Now here's my fourth sense about all this inflation news. Nothing has really changed.

Everyone already knew that the inflation hikes were coming. If the crypto markets have been trading flat, it might have been taking into account a lot of what we're expecting anyways anytime. We do get a little bit of a scare in the market. People tend to act irrational and anytime.

That happens. We see a decrease within a lot of the larger equities. If stocks go down, crypto still goes down as well, and that is exactly what we saw happen just yesterday now, by definition, the purpose of the existence for the federal reserve system is so that they can continue to provide the nation with a safer, more flexible and More stable monetary and financial system, if inflation is going rapid, it is their natural duty in order to control it right now we are just seeing the effects of all the trillions of stimulus money that was injected into the economy, getting the repercussions of it now. There's also been a ton of articles just talking about what inflation could be, and people even refer to it as being stealth tax for the poor.

As we know, the us government really loves their tax money and it's argued that as they stay here as an example, rather than taking your money directly and openly as you would, by paying taxes, the government can also reduce the value of your money through the opaque Tax, we call inflation now, one of the best ways to combat this, in my opinion, is to continue to actively invest within the market so that you don't get eaten up by just holding cash. I'm still such a strong believer that the current market circumstance of what we're going through, is going to make a generational wealth for many individuals. Now, while we continue to see bitcoin moving rather sideways, the opportunities within all coins are still here. If we take a look at the all coin, season indicator right now, we're seeing this at a 47 or less than half of what you're able to do pulling it to the last month.

It goes down to even a 43 and what this means is in comparison to most other all coins in the market compared to what you have with bitcoin, only a small majority actually outperformed bitcoin over the last month. All of these other all coins in the red are going to be opportunities for you to start putting in those investments and being confident in your trades when people tend to invest when the market goes up, and all coin season is clearly here and it's dominating ripping Up the market: that's where you're not gon na find as much return as you could, as if you were to continue averaging in when the market is extremely fearful. Taking a look at d5 llama you'll notice, even too, we haven't been getting major liquidations within a lot of these protocols, we're still seeing money flowing into a lot of these other projects, and a lot of this is still pushing up the total value locked going back Into some of the top cryptos, even today, even amongst bitcoin being in the red, we do still have some other all coins showing some life as well curve is up. Eight percent amp is up.

Six percent gmt got a little bit of a bounce back at two percent as well. In the biggest winners, though, it is going to be gmt, and it's also going to be ox now. This token here ox, which also stands for zrx, went ahead and had a pretty solid pump because of this one piece of news here, it was announced that the zrx's token massive gain was guided by the coinbase social nft marketplace announcement. The new nft platform is going to be powered by the ox token, and the ox protocol will be providing the platform a multi-chain digital asset swap support and other features.

As per the release. The ox protocol is 54, more gas efficient and the zrx token has been surging in volume over 36 000. Now, on top of that, we've been seeing really good accumulation happening within stefan and gmt and right now, even within our discord, we're getting a lot of our users getting on this app finding one of those codes in order to start making money by just walking. This is just another friendly reminder: we do not need a bitcoin to have a massive pump in order for us to make money with other all coins find projects that you're truly bullish in use, vc backed firms and other road map initiatives that are coming up in Order to gauge how you want to make a pivot in this market now, with all that being said before, we continue on to the next piece of major news.

I want to give a big shout out to our sponsor for today and that's going to be ftx. So with ftx you can trade crypto with up to 85 percent, lower fees than their top competitors. There's no fixed minimum fees, there's no ach transaction fees and you can set up reoccurring, buys directly within the app. If you didn't know, ftx is also launching a stock trading platform for those who may not be ready for crypto just yet as another way for you to diversify your portfolio with them.

Ftx is a lot more coming and if you are interested in getting in early on the next big thing use the link down below in the description to get started and earn free crypto on every trade over ten dollars. On top of that, if you use the link code, jung down below you'll also be able to find yourself earning a hundred dollars once signing up now i did get some people reaching out saying that they haven't been able to get their hundred dollars yet make sure That you actually sign up for your account and then deposit money into your account and, depending on how much you deposit, that is when the hundred dollars is gon na get deposited back into your account as that bonus as well. So one of the big headlines for today is going to involve payment, processors, stripe and also the social media platform. Twitter.

If you didn't know, stripe is an online payment, processor and credit card processing platform for businesses. They allow you to buy things using cryptocurrencies as well and right now we are getting this collaboration happening with twitter. Now, if you guys remember back in 2018, if you have been involved in the crypto space, this company stripe went ahead and stopped accepting bitcoin payments back of january now. Currently, the eligible users are going to be the twitter's ticketed spaces and super follows program where they can find themselves earning a crypto.

It's gon na not be bitcoin or dogecoin or shiba. You know it's actually gon na be usd coin or stablecoin where they can still find themselves earning crypto using stripe. What's interesting about this is they're deciding to make this move. After all, the shenanigans we've heard with elon musk, trying to acquire twitter most people, know that elon musk is a fan of the crypto space.

So is this right now an attempt for twitter to be a little bit more friendly and to get the public sentiment back, or is this just another random collaboration? So, in terms of the second headline, the first dogecoin transaction without internet via radio doge, went ahead and took place. In the past few weeks. The dogecoin team has focused on providing the groundwork for radio doge, and we discussed this in one of our previous updates. Now they've moved pretty fast on this entire project, because the last time we heard about radio douche was just about one to two weeks ago and they've already completed their first successful transaction.

It looks like right now there's an attempt where dogecoin is currently moving away from the meme coin category into this utility driven token. Now, according to the dogecoin foundation, they're trying to use doge as the de facto worldwide cryptocurrency for exchanging goods and services, i think this is the very first time that other investors are hearing that you're able to trade crypto without having to have an internet connection. I know that there are many other countries who are trying to adopt crypto for the sole fact that they are unbanked populations, but my question is: if they're unbanked, what are the likelihoods that they might be carrying around this iphone with a cellular plan? Now this makes me really bullish on not just dogecoin but the entire crypto space, because it just shows how technologically advanced we're trying to be. It's a really cool project and i do think the use case for this is going to be strong and it also really does help elon musk's brand as well.

Within the crypto space. On top of that, binance also went ahead and reported that they recovered 5.8 million dollars linked to the axiomfinity hack cz. The founder of binance also came out this tweet, stating the dprk hacking group started to move their axe. Infinity stolen funds today, part of it made it to binance, so you need to move it over into an exchange before you can liquidate it or convert it back into whatever currency you have.

So you can actually use that money. They said it's spread over to 86 different accounts and 5.8 million dollars of that has now been recovered. Now, since the hack, i personally have not been able to continue to stake additional axes because i don't have access to the ronin bridge, it is still under maintenance. After that has happened, and i know a lot of people were trying to earn that additional 71 apr on their investment for crypto.

That, in my opinion, 42 dollars is the very bottom it could drop down more if bitcoin ever does crash more, but i think right now is still a really good time to enter. There's not much else to that story, hack suck. It happens all the time, but exchanges and other people are doing their best in order to make sure that the money is recovered and that they are trying to expose a lot of these other darker organizations that just focus on taking people's money. Now binance.us has also made an announcement about adding a new trading pair that allows trading a bitcoin of the largest cryptocurrency against terra's red hot ust stablecoin.

Now, tara stablecoin has recently become one of the biggest stable coins in the market and now, although many people believe that ust is not currently pegged one to one and some people refer to as a ponzi scheme, there are still strong arguments on both sides, regardless of Whatever may be happening internally with tara luna, i do know that their founder is extremely smart. I think he's making some incredible good decisions within this market right now, and i do also know that many people are having success and really enjoying anchor protocol, which is under the terra luna ecosystem. Referring back to the binance topic, keep in mind. Binance.Us also recently raised a ton of money.

They went ahead and got about a 200 million dollar seed round at a 4.5 billion valuation, and although binance us has been completely irrelevant over the past year, or so, i think now, since they have their funding, we're gon na start. Seeing them have a larger presence within the crypto markets and maybe even being able to overtake some other competitors all right so to wrap this video up, make sure to head down below and like this video, if you guys did enjoy today's update, also be sure to Check out the links down below in the description where you can also find my twitter and my instagram, if you do follow me, watch out for impersonators and scammers they're, probably gon na, follow you dm you some weird stuff, and i don't do weird stuff. I also have an exclusive discord where you can get buy and sell alerts. Technical analysis from some of our best advisors, as well as access to a community of other investors check out the patreon link down below.

If you guys want access to that as well. On top of that, if you guys have not done so already make sure you guys check out a vpn, i work with surf shark. I have them on not just my iphone, but my laptop. I have them on my ipad and all of my devices keep your internet secure.

I was able to get you guys, 83 on three months free. If you use my link down below so check them out as well. Like the usual, we always do a secret code. Word at the end of this video.

I love it when you guys comment down below the secret code word and for today's code word we are going to do horse comment down below horse if you're, watching this video till the end. Like the usual. Thank you all. So much again for watching have an amazing day.

The new video for the vlog is going to premiere soon. That was an insane trip to miami and i'm really excited to be posting. That is probably one of my most favorite videos that has come out on this channel check that out, if you guys have not done so already and i'll talk to y'all soon, peace.