Yo, what is going on you guys and welcome back to another video hope. You guys all had a great super bowl weekend today is wednesday february 16th and in this video we're going to be going over the current state of the market and we're also going to be going over some important crypto headlines that you need to know now before We get started, don't forget, to drop a like down below on this video subscribe. If you guys are new, i'm sure most, you guys are subscribed, though, if y'all are watching these videos, let's hop into the computer and see what is going on in the market. For today, all right guys so global crypto market cap today is starting at 1.90 trillion dollars or a 3.89 decrease over the last day.

This is actually a result from an increase in price that we had with bitcoin, where it was trading rather flat, but starting monday after the super bowl, we did get a little bit of this strong green candle, you're gon na notice here, leading up to a little Bit uh more of a higher rally towards the price action we've seen on a wednesday which is today now. I also want to talk later on in this video, just where we are in terms of the overall state of the market, because we have been getting a lot of headlines and we have been getting a lot more news. Talking about different companies entering positions to the metaverse and one of those is going to be the big boy. Jp morgan, the big bank, so going back into some of the other cryptocurrencies listed on the market today is all around just more of a flat day.

We're seeing more of a flat day, but we did have some riffs in the market earlier this week too, we did see avalanche moving up towards 94 at the time of filming this video uh. Today they are up 4.63 alongside other cryptocurrencies, where salon has even broken. Uh to a hundred dollars - and it has still been hanging out there, even though it's down about 12 in the last seven days, so even going into this cryptocurrency right here, you guys, let's remember where we were at the peak of this bull market uh solano, is Back at 258.93, coming back down in price right now, sitting at even less than half of what we were just a few months back. I think right now we still seen a lot of the bottoms filtering in with a lot of all coins and a lot of cryptocurrency, so even with the market being rather boring right now to a lot of new investors.

This is still such an important time for where you should be doing that research doubling down and if you are trying to enter long positions into the market where you're holding for at least a few years averaging in during these times, is not going to be a Bad idea at all so going to something that we usually touch upon we're going to be talking about the crypto fear and greed index and obviously today we're seeing a little bit of a neutral stance in the market coming from a fearful day. Just yesterday right here. This indicator is just going to show us that most people in the market they are not drop, dropping down like flies, going crazy thinking that you know the entire market's going to crumble and we're going back into a recession or if the market is completely bullish and We're back on that uh entire run that we experienced last year with a neutral stance like this it's times where a lot of investors a bit more hesitant and we're seeing that across the market. Today, even if we go into the global crypto, uh volume, you'll notice that we're at a 20 decrease for today, so something i did want to also talk about - was just some more data with regards to bitcoin and where we are with short interest positions and some Of the futures as well, this gives us a better indication of the overall state too, and when you pair that, alongside other analysis tools, whether you're using moving averages, oscillators or even some of the on-chain metrics that are available to us via the blockchain it'll, help us Paint a better picture and idea of where we currently are within this market, so obviously, like we mentioned in the beginning of this video bitcoin, did have that bump up in price.

We did have a peak too about um even today. What was it? Forty? Four thousand. Six hundred ninety four dollars before coming back down and pulling back to where we are still in the mid. Forty four thousands.

But if we pull this back to at least the seven day range, you'll notice. That volatility has still been shown across the board and even scrolling down you'll notice, the long positions which have been getting liquidated and filling back up today. On top of that, you guys short positions and short interest is something that we should always be keeping an eye out on. We get a lot of these gamma short squeezes happening fairly, often within the crypto markets.

This is because leverage is used constantly, especially when you have a lot of these exchanges and platforms that offer high leverage and different derivative tools to a lot of new investors when this happens and we're not using real cash money, meaning if you have a thousand dollars In your bank account but you're able to leverage that and get ten thousand dollars of buying power, only a thousand dollars of that is going through the money in your pocket. So when you have a lot of that liquidations happening when you have a lot of leverage going on in the market, you'll notice that we do get short squeezes happening, especially when people get overly bearish about the market and the price of bitcoin happens to go up. So a lot of you guys have also been asking me brian. What is your thoughts on the current market? Where are we right now? Something i mentioned within our discord group was my stance and my prediction at least now.

I could be completely wrong, something i always rely upon. Guys is the uh, the weaness on the bottom of my elbow, to give me a better idea of where we are in this market. Now the weenus has been pulsing and telling me that you know in the next month, or so with all the news that we have with current rate hikes and even the inflation report that we got most recently, which a lot of people know it was under reported. We're living in some really interesting times where, if the rates do begin to go back up, if we do get those bonds uh the bond buyback program, starting to increase rapidly, that's going to put us in a really interesting place right now, just because what we've seen At least within the past few months is the effects of decoupling still not happening.

We're not seeing crypto separate from the s p, 500 and a lot of the other speculative investment markets that people tend to ape into, especially that what we've seen over the last six months or so so in terms of predictions and what i see i do think We still have an opportunity for february to end on a strong month. We recently got word that bitcoin broke out of that descending trend line, and that is really important for us just because now we're finally able to get a little bit of growth in this market. Even taking a look at the last seven days, just having this candle right here, going back to the start of this week, where it went from forty two thousand dollars pulling it up to forty three forty four thousand dollars a new resistance level, forty six thousand dollars Is going to give us a better indicator now of us being able to have that positive momentum and start making some new strides? I can tell you this. A lot of people are pretty exhausted, uh in terms of wanting to invest into the market.

We always see this trend within financial markets as well. It's always in the beginning of the year right before tax season comes up. There always has been a catalyst or a day where a lot of traders recognize. I may need more money in order to pay for all the taxes this year, all the stimulus we got all the additional money that came into uh, pretty much just printed from from mere reality from the money printer that jerome powell was going a little crazy with Earlier this year, so we're going to be talking about that date too, when that would be just because last year we did see an extension on the tax deadline and this year we have not gotten any word about it.

So it's still going to be happening in april, where that is going to be due, and we always get volatility in the market at a percentage date before the actual date of when the taxes are due. So that is something to keep in mind in terms of rate hikes central bank, monetary policy. That is something you also want to keep an eye out on uh, the most optimistic theory of where we could be headed in the market. Is we see decoupling happening not just with bitcoin and other all coins? We actually see decoupling happening within the crypto markets and other speculative assets, or even the stock market itself, when we get effects like that, it's going to be amazing just because, if all markets tend to have another correction, another pullback and crypto goes up.

That is where the opportunity is going to lie, so this is gon na go into first just a few things, one all coin that has been doing or not doing crazy well, but that has been trending. It's gon na be axe infinity. This is a crypto that we talked about earlier last year. We actually had a pretty amazing entry point: let's go into the all time right here, so even before it had its pump up, it had a dip in the market.

We entered around the 50 60 range before it had that blow up last year, even going to 160 dollars. So, in order to use axe infiniti, which is a play to earn game, which is one of the first few that came out and this growth that you've seen was actually when the entire crypto market was flat. It gives us confidence in the market that you don't need to be in an overly bullish environment in order to make money. Axia infinity showed us this earlier last year, and i can tell you we have a lot more money.

We have a lot more projects and a lot more backing this year, where we're going to see more of that opportunity await as well so with axe infinity. Something that we do want to mention is they're slps, the smooth love potion. So this is what is used in order to generate the little cute axes and use that as the currency of exchange and to continue leveling up your character. Axe infinity also has a little update.

It's called the battles v3, and this is going to enable more scalability developments. They're also talking about brand new interfaces, the game, mechanics, the art special effects - are adding a lot more on to it. So a lot of people complain like hey. What is the value of this axia infinity, like we talked about earlier last year, just showed us the power of democratizing peer-to-peer technology, crypto games and even nft metaverse.

So what this means is in the us, if you're, watching this video or you're living in a country that is further established, a lot of people who are entering crypto or even these play to earn games may not have the same opportunity as us, and we've seen This happen many many times. So, if we're, if you're not able to have a living wage and say you were born into a less developed country, you can get an opportunity to make a living for yourself or your family and even have an opportunity to make even more money than you ever. Could in your entire lifetime, just because of the circumstances that you may have been born with? We have crypto games that have opened that up where the living wage somewhere as an example, philippines or india. People have access to these games which make it so amazing, because now we are seeing the spread of money, we're seeing democratization happening among all groups, whether you are unbanked, you have um a checking account.

Maybe you don't as long as you understand the game, mechanics and you are able to stay within the ecosystem. There are people still making money just playing video games, and it may not be worth a lot here, but in other countries it definitely is so that is just going to play into a small example of what we're going to see with crypto games and the metaverse. If you guys have been paying attention to even some of the super bowl ads, just seeing all the money going into a lot of these projects, you'll notice we're very bullish. We are very, very bullish during this time, even when the market is a little shaken up.

So, on the optimistic side, just to touch up on my earlier point, it's going to be the fact that we do see crypto markets, decoupling from all the other investments people do realize crypto's. A little separate crypto is the hedge against the inflation. Crypto is the hedge against all these traditional markets that is still dictated by how much money may get printed. So i think when we have more of a stronger understanding, especially with mainstream media and a lot of the public investing sector.

That's when we'll start seeing such amazing growth going into these markets, and hopefully that's when we actually do start seeing another new all-time high happening with a lot of these other projects. Now you definitely can't complain. We are not at the bottom of this market. If you guys take a look back just in the past few weeks, we have been making some pretty slow growth, but we're making growth.

Indeed we're seeing a lot of the other. All coins recovering ethereum is still well above 3, 000 right now, even though it does have some days it's struggling. We do know that further developments are coming out even with ethereum. If you guys have not been paying attention, the ethereum 2.0 upgrade is still set to come out.

It's going to come out a certain point, there's enough money and liquidity locked onto this uh protocol. So you know, if we're talking about opportunities, if ethereum is not doing the best job right now, then we look into the alternative assets and we place our bets there. So the cool thing about crypto is, although news is very spontaneous, we don't know when. As an example, jp morgan is going to come out with an article or a mention talking about how they're going to be the first bank into the metaverse and is looking at further business opportunities, we'll notice that even within crypto, we do get a little bit of A timeline with upgrades uh with different venture-backed capitals, uh putting more money into projects, so i think, as investors, it's good to be wary about what that is and to make sure you're on top of it now brian.

How do we stay on top of it? Crypto calendar - i know coin market cap has one too. If we go into coinmarketcap.com events, you'll notice right here that they give us a list of other events. Maybe some releases some exchanges, some amas, some airdrops, you can participate in or even some tokenomic releasing for other. Maybe smaller cap projects as well now before we continue on today's episode, i do want to give a bit of a shout out to ftx.

They are one of our sponsors this year, for this channel and they've actually been doing an amazing job, especially with what they did with the super bowl. So i'm curious to see who won that? Maybe one of our viewers on this channel won that million dollars worth of bitcoin. There are four winners for that. I do believe they came out that ad before the second half it actually started uh, so regardless ftx is giving away a lot of money.

A lot of bitcoin and four random winners had their life completely changed. They allow you to buy cryptocurrency for some of the lowest trading fees on the market. I know if you go with other competitors. Those fees really do add up.

If you guys have not checked them out, use my link down below in the description use code. Jung. Yes, do that um! Moving on you guys touch up on the title of this video jp morgan entering the metaverse a little bit of context. A little bit of background about this, so jp morgan, ceo jamie, he was so against cryptocurrency.

In the beginning, we actually had a lot of fun coming from him and he even came out with a statement earlier in 2021 that if any employee under jpmorgan chase was, you know a little loud about their crypto portfolio or they were a little bullish about it. Or just even part took in the crypto wave that was developing, he was even threatening his employees that someone may get fired. You know he wasn't happy about it, but we started to see the shift happening amongst ceos. Another example is shark tank, uh investor kevin uh.

You know a lot of these investors. A lot of these high profile and well-known entrepreneurs and ceos seem to be changing their stance and we're also seeing the reflection happening between investments that they're making and some of the choices that they are designed to do now. So one of those is going to be jp morgan opening a bank in the metaverse. Let's talk about what this means and why this is so significant, so going down jp morgan, the largest bank in the us that has become the first lender to arrive in the metaverse.

They went ahead and opened a lounge in decentraland. If you guys don't know how this works, decentraland pretty much has real estate littered all over their economy. There's a specific amount, a finite amount just like how it is in real life. We've seen other companies like adidas and other well-known brands, doubling down and buying in positions too.

We've even had snoop dogg and other celebrities buying up large amounts of real estate into this virtual world. And the reason for this is because they're betting and they have an indication or a good feeling that we're gon na start seeing a shift with money going into this virtual world, this metaverse that is still working and slowly developing. So they went ahead and stated right here, christine moy jp morgan's head of crypto in the metaverse there's a lot of client interest to learn more about the metaverse. We put together a white paper to help clients cut through the noise and highlight what the current reality is and what needs to be built next in technology, commercial infrastructure, privacy, identity and workforce in order to maximize the full potential of our lives in the metaverse.

Now a lot of this can be scary, especially if you maybe older. I know even for me before i bought my vr headset and watching the movie ready player one. I was like what in the world is going. This is not gon na happen, but, as we begin to really progress and seeing the full utility behind what the metaverse has to offer, i don't think we're gon na just jump into a point where we're all living in here and we're all walking around with headsets.

On our heads, but i think it's gon na start with two things: it's gon na start with games, because that is still one of the biggest industries. To date, we saw activision's acquisition that happened with microsoft, we're seeing a lot of other companies deciding to make that pivot into it. And when we talk about the point of crypto and we start understanding what is the value of all this? And we start to really realize that crypto is all about bringing back money to the people uh. The best example of this is bitcoin.

Bitcoin allows me to send money to you in a peer-to-peer transaction. If we relate that example into the metaverse, it allows for us to get money back. If we, if we relate that to crypto games, instead of us paying money to minecraft or call of duty, we can start having ownership of certain skins assets where we can buy trade and sell and even start making money for ourselves rather than having billions of dollars. Going into these companies as well now i i do think it's going to be very tough for any type of crypto game to really compete.

Viably against some of the big dogs like call of duty or even like league of legends, which has scholarship programs huge tournaments, involving millions of people from all around the world. But i do think if you're able to get in early there's huge opportunity in this space. I know even some of my other youtube creators and friends in this space. They are making content right now on how crypto games allow you to make money uh it is there, it is working and we are still very early if you're kicking yourself in the foot, with uh nfts, not being able to buy board ape or crypto punk early And you're, seeing all your friends making, like just boatloads of money, check out metaverse check out where the further development is, and that is going to lead into web 3, which is a topic we're going to also talk about on this channel.

And one of the focuses that i really want to have this year is making sure that you guys know about these opportunities, and you guys have full uh pathways in order to get access to it early or at least know that you could have had access to It early, so you guys can offer make full opportunity or full use of you know getting that bread making that bag. So next headline i did want to talk about was some politics involved going on in the world, so canada has actually been having some pretty serious issues, uh with the vaccine mandates and a lot of how their executive leader has been handling decisions regarding the entire pandemic. If you guys have been catching up can so i i recently was in canada. This is why it's a little bit more relatable.

If you guys didn't see that video, i did one with lost blanc. We did a full banff travel challenge with my buddy nate, o'brien and being in canada. I really did see how strict they were at least compared to the us in terms of mass mandates in terms of being able to get into the country or even being able to leave. If you are a citizen, a lot of people are fed up with it and it started with the freedom, convoy or the truckers.

What actually ended up happening was we had issues where the canadian truckers people who are protesting right now for the people they had a lot of their funds cut off. They had a donation set with the gofundme gofundme decided, hey we're not going to be involved with any type of protest. They said we're cutting this off and it looks like canada went ahead and sanctioned actually some additional crypto wallets, which would have allowed them to have a little bit more money to sustain uh this right that they have which is being able to protest. So you know not huge into politics, i don't you know, go much into it, but i think anytime.

It relates to the state of the world or even what it may do in terms of the pricing of the market. It's just important to address and for something you guys should know. What's really interesting is because crypto is still considered decentralized. When we do get limitations on this, we are still seeing the power that central governments have on this.

Just because if you get paid you're, probably not getting paid in a stable coin, you're probably getting paid in u.s dollars, and then you have to deposit that on an exchange and then transfer that to a wallet. So there's still a lot of uh. There's still a lot of restlessness within currency and within being able to actually use crypto to our leisure. Something we also do need to discuss is the block fight penalty? I'm not going to be talking about that in this video.

I will be talking about that. In my next update, but that is also really important, because the sec is now also getting involved within these regulations and it's something that we discussed as well in one of my last videos, we did talk about stable coin regulation. I know some of that may be boring to individuals, because you know you don't really make too much money from stable coins, but this is a huge, huge area that you need to get informed in just because stable coins are going to dictate where we are headed Within the overall development of using crypto and seeing how we can have utility within real life, and that is going to further spread the adoption and it's all going to help elevate our bags as well all right. One more thing guys.

I did want to talk about the story here, which is a man charged with a 4.5 billion crypto scam. This amount went up uh, it was three billion dollars, but because bitcoin has been going up in price uh, actually they stated right here: 3.6 billion dollars, since it's going up in price, the amount of this is going up. It looks like authorities do have control over this. This couple right here went ahead and stole an absurd amount of crypto, and, if you guys didn't know, this was such a huge event that it actually tanked the price of bitcoin 20.

When this occurred a few years back right now, we actually got word that the judge overturned their ability to bail out even when they were getting arrested. We had word that this couple right here that was trying to change the password on their phone uh. So you know, authorities may not have access to the crypto or whatever it was, but this kind of goes into where we are in terms of crypto. This was an event that took place a while ago.

Let's see 2016, the big bitfinex height uh heist. What we've noticed with this is the ability for us to proactively use the blockchain to our advantage as well. The couple that did end up stealing this and then trying to launder the money. So they can watch it and then they could actually use the money, because you know you can get 4.5 billion dollars, but all of that is traced within blockchain because of the technology.

You won't be able to use it without getting caught. So, authorities and regulators were working alongside some pretty smart people within the space in order to create technology that could find ways to track that money, no matter how much they tried to wash it using different apps uh, there's a app related just think about literally. It has the name tornado in it think about a tornado where you can spin it all up, make it crazy and then you can disperse those funds just so it's not getting tracked, but as soon as you are able to pull money out of an exchange or Having hack, that is not the hard part, i think that's already difficult. The harder part is being able to wash that money, so you can actually use it, but when it's getting traced - and everyone sees the signature for that transaction - it's a little difficult, so crypto, although there is concerns with hacks and privacy, you can still use it to Your advantage, it is still this trust, i would say this trust filled transaction process.

That is what crypto's all about being able to know what transactions are going through, seeing everything which is so publicly visible. It is just important to note, so that is pretty much. Today's update, you guys just a little spill. We are if you're watching this in the future.

You might be wondering brian. Today's video feels a little different feel the vibes are a little different. It's because we are starting to do live streams on this channel. I want to have a more of an opportunity to interact with you guys on a deeper level and also editing.

Some of our videos is just taking way too long. I want to scale this channel. I want to come out with you guys come out with you guys. I want to come out with more crypto market updates, also, while being able to come out with more high quality videos like we were doing five six months ago.

In addition to all the content plans that we have so this is one of the adjustments that i plan to make we're gon na be testing it out for the next week or two uh drop down below in the comment section. What time works best for you, preferably some eastern time, so i don't have to keep doing the conversion if you guys are watching this till the very end, though i always do a little code word we'll do red cap all right. This is my water jug comment down below redcap, if you guys are watching this till the very end, big shout out to ftx for sponsoring today's video, if you guys also want to go ahead and join our membership group, we actually onboarded one of a very famous Technical analyst within our group who's doing multiple live streams within it, alongside other traders who have a pretty good reputation in order for them to even get qualified as a jungle teacher, which is our server, they need to go through a very rigorous process with me and Then they also have to show a track record every single week and report that to me. So if you guys are looking for getting an idea on better trades or just getting better in-depth research or even just having an idea of my plans with the market, some of the trades i'm looking to make don't forget to check out the link down below in The description for that as well alongside other links that we have recently partnered up with coinsats, which is also amazing, uh.

If you have five to ten exchanges like i do and you wan na organize them all without having to log in every time check them out, because you can aggregate all that data into one platform got this cap at this sorry, we got. We got everything that you can aggregate into one platform and i have a crazy good discount link. I've used them before getting this affiliate link and i've been using them for a year. So they're excited to work with me because they know that i do like their product too, so guys.

That is everything for today's update. Let me know how you guys feel about this down below in the description of this video stay cool stay sexy have an amazing day and i'll talk to y'all soon, peace.