Yo, what is going on you guys and welcome back to another episode, so first of all, jp morgan made a huge announcement talking about their recent adoption and their plans with adding bitcoin to their sheet of investments. We also have additional cryptocurrencies in the altcoin sector that have been going absolutely parabolic and we're also getting some very interesting price predictions from huge senior analysts on the market in this video there's, a lot of news to cover and first of all, we got ta say Bitcoin is actually doing surprisingly well on a weekend, so if you guys have been following along on this channel, you guys know that usually weekends are where we see an additional bloodbath in the market. That's where we see the pullback and then oftentimes we've been seeing the prices of cryptocurrency increasing throughout the week, but something interesting happened. This might be due to my related lack of videos that i haven't been posting on since the last week.

Let me tell you, i didn't post a video last week on youtube. I took a break working on some other projects and the price of the entire crypto market started to slowly go down. I posted a video two days ago, all of a sudden yesterday and today and this morning we're seeing the prices of bitcoin and other cryptocurrencies going up and breaking some very interesting resistance levels that we've been in the downtrend for so, if you guys want to see More videos, if you guys appreciate the consistency, go ahead and drop a like down below and uh yeah. That's something! I'm gon na work on i'm gon na try to be a bit more consistent on this youtube channel.

I made a commitment to myself and uh. I'm gon na, have you guys hold me accountable for it, but guys with all that being said, let's hop into the computer, see what's actually going on in the market. Let's talk about some of the price actions and these articles that you need to know about today, especially if you have any investments in cryptocurrency right now, all right guys. First things.

First, the global crypto market cap is finally out of that 1.20 trillion dollar range that we've been in, and it's sitting now at 1.33 trillion dollars or a 2.42 increase. Over the last day. There is now a 17 increase in the volume in the last 24 hours, and bitcoin's dominance is currently at 45.88 percent now. The reason why i like to talk about the bitcoin dominance is because, in the last 2018 bowl cycle, we actually saw bitcoin's dominance going up to 50 before we started to see that explosion of bitcoin going parabolic so right now.

The theories are that if we get more money flowing into bitcoin first and we get that dominance to increase past 50, the idea is that we're gon na get the other resumption of this crypto bull run. So that would be amazing and we're gon na keep our eye out on it. So that would obviously be amazing and in the last 24 hours it is still down, but 45 isn't too far off from having a solid bitcoins dominance goal that we just mentioned of now. Bitcoin's price today is down point.

Seventy percent, but, like i said all of this morning, bitcoin was actually reaching some very close numbers of 33 to even 34 000 earlier this morning. Okay, well, that was weird. I just uh clicked on bitcoin and it looks like the price refreshed. Maybe it was just lagging behind on my computer, but right now bitcoin is at 34 000..

Let's actually go back to the home page yeah, so we're seeing wow, okay, um yeah, so we're seeing a huge jump in the market. Right now, seven point forty five percent increase and we're seeing actually a 23 increase in volume today and we're actually seeing bitcoin up 6.9 percent with ethereum performing just a little bit better and right under the 2200 range. So for any of my members in the inner circle gang, you guys know that you must have made a pretty solid swing trade, if you guys saw my recent buy posted in the patreon group, so ethereum right now close to twenty two hundred dollars. That means we're seeing a close to twenty to thirty percent quick swing trade within the last 72 hours, bitcoin closing near 35 000, which is absolutely spectacular.

So we actually go to a chart right here from wrecked capital. We can actually see that bitcoin is breaking out of the uh blue downtrend channel that we've been experiencing since the decline back in may. So this is really good news, and this is actually going to be pointing us towards a more bullish scenario with cryptocurrency. Now, alongside that, we're getting many other all coins ripping today, like dogecoin, is up nine percent they're up fourteen point.

Seventy seven percent for the week we're going to see an average anywhere between six to fifteen percent in the daily for most cryptocurrencies, it looks like ethereum classic is actually catching some heat as well they're up 24 in the last seven days and they're actually performing a Bit better than regular ethereum as well now one crypto that has gotten my attention - and it is picking back up - is going to be polygon as well as icp, so these cryptocurrencies looks like it's getting some steam. It looks like icp may have hit that bottom because for anyone who had invested into it when they did get listed on to the markets, man, it was a brutal beating, but we are now seeing some additional life, especially with that cryptocurrency now. Another crypto that i want to talk about before we get into the articles. This is going to be axi infinity.

This is huge, so axi infinity is another crypto that i mentioned over in our watch list for our group, and it was right around this part of the bull cycle. It did get my attention and once i looked more into the ideas of nfts and i looked into digital real estate and playing some games, this is actually one of my favorite cryptocurrencies now to date. So if we didn't have that recent crypto pullback that we had uh, i believe that axionfinity would have kept on mooting, but because bitcoin fell, naturally you would see other all coins fall in the price. We saw that cool back a little bit and that gave another buying opportunity for people to enter this position and check this out.

It has actually been mooning the past few days ever since it did have that pullback with bitcoin. Now, axia infinity is currently sitting at 43.46 at the time of this recording. I would not be surprised if this cryptocurrency here touches at least 80 dollars. I believe it's worth way more than that.

Looking at the market cap of this and looking at the future road map that axe infinity is planted now, if you don't know what axiomfinity is, this is a pokemon inspired universe where anyone can earn tokens through skilled gameplay and contributions to the ecosystem. Players can battle collect rays and build a land based kingdom for their pet. Now this game right now is very popular in other developing countries like the philippines, because what users are doing is they're putting time into the game. They are raising their axi pets.

They are then selling them on the marketplace and they're actually making a full-time income that is replacing their normal day, jobs or whatever they do in these countries, all while they're having fun. So that is one of the reasons why this game is doing so so well right now, and it's actually been surpassing some interesting stats. So axi is currently ranked the number one ethereum game by daily weekly and monthly active users, and it's generated over 13 000 ethereum in revenue. So far.

What i really like about this as well is that we are not even finished with the completion of what they have in their road map, which they have listed on their public white paper, so quarter three, they have staking coming out quarter four. They finally have the land gameplay coming out in late 2021 and early 2022. The axs ecosystem begins, where you can then govern play to earn and the mainstream release of axiomfinity comes out on ios and android. So i do believe this is gon na be a very bullish, cryptocurrency and the next time we do experience any type of pullback in the market, and this pulls back with it.

I would consider putting it on your watch list, because i know that members in my community right now have been making a ton of great profit from this game right here, and i do believe this is going to be one of the most interesting cryptocurrencies. To look out for now, on top of that, we do need to talk about bitcoin's, possibility of hitting sixty thousand dollars before it even touches anywhere close to twenty thousand dollars, so mike mcloone he's actually one of bloomberg's senior analyst, and he actually mentioned in this statement Here, bitcoin's history indicates a reversion towards sixty thousand dollars. Bitcoin is more likely to revert towards sixty thousand dollar resistance versus twenty thousand dollar support if its history of recovering from similar to cold conditions or any guide, our graphic depicts the benchmark. Crypto akin to the 2018-19 consolidation period of around four thousand dollars, just before launching to the 2019 peak at about fourteen thousand dollars, the more tactical trading orientated bear seem to proliferate when bitcoin sustains at about a thirty percent threshold below its 20-week m a or moving Average allowing the buy and hold types time to accumulate, so this is exactly what we're seeing right now we're seeing a little bit more volume and check this out even on the trending.

I didn't even notice this until we're just literally recording this video today. Cryptocurrencies is trending right now in the ukraine. So, although we're not seeing the expected market boom - or this euphoria that we had a few months back right now, we still get so much news of cryptocurrencies and other institutions adding this just like jp morgan. Where is my article so check this out? You guys jp morgan went ahead and just became the first big bank to give retail wealth clients access to cryptocurrency funds.

This is the ceo of jpmorgan right here, jamie dimon, and if you guys didn't know, he was really really against cryptocurrency much earlier in its stages. He had even threatened employees saying that if you guys talk about trading crypto that he would go ahead and potentially fire them so that never came into fruition, so jp morgan gave its financial advisors the green light to give all its wealth management clients access to cryptocurrency Funds making it the first major u.s bank to do so. The bank, which has made a significant push to grow its 630 billion dollar wealth management, business, told advisors in a memo earlier this week that they can now take orders to buy and sell five cryptocurrency products. Four from grayscale investments and one from osprey funds effective july 19th, which was less than a week ago now this is really good.

This is actually all confirmed by grayscale and osprey, which they mentioned here in the article that this was true. So this is actually all facts. This is happening and if you guys bank with chase, i know a lot of individuals do because they are still one of the top leading banks in the industry. You can now have access to purchase using your investment funds or whatever wealth management portfolio, that an individual financial advisor from jpmorgan is working with you on.

You have now the option to add cryptocurrency, and this is very, very big news for the overall industry, because we're now seeing more mass adoption, we're seeing more retail access and we're getting institutions saying: okay, cryptocurrency. Let's take this seriously and let's start adding this and giving people the ability to put their money where their mouth is, where if people do want to invest into cryptocurrency, they are now giving us the opportunity to do that through some of these larger banks all right. So here are my final thoughts and concluding words on the overall state of the crypto market. So, first of all, two months of sideways action really isn't a long time in the grand scheme of things i know, may seems like it was forever ago.

I i feel like bitcoin at 60, 000 was like literally last year, but in reality it was two months ago. We have not fallen to the bare levels of 12, 000, 14, 000 or bitcoin, absolutely tanking, and just wiping the entire market out anytime. We get smaller dips in the crypto market. We always seen that get scooped up within 48 hours or less by other institutions or retail investors.

This is the concept that we talk about a lot of trading hands where, if someone sells their investment, one of us is gon na buy. There is still a fixed amount of bitcoin in the world and, if you're able to accumulate this slowly regardless, whatever the price it is at now long term run. I believe this is going to outperform any other investment still to date with more news of institutional demand. We also need to keep in mind that it takes anywhere from 12 to 36 months for those institutions to then invest into these assets.

So the fact that we're now seeing interest we're now seeing the accessibility. It's then going to take some more time, they're going to have to have discussions they're going to have to have a road map, but once they do once they wait that 12 months and they're like all right, we're in that's when we're going to see that money Sitting in there, for hopefully at least a decade right now, the crypto market is still up over 200 percent in the last 12 months and there's still high demand and interest for crypto and blockchain related ventures. You also have to keep in mind. It is the end of summer many people are going through a transition phase, whether it's going back to school, going back to work, coming away from vacation and just the overall interest of personal finance.

Even the momentum of meme stocks have all gone down pretty significantly. So you have to realize when the interest in finances, in investments or even in the beginning of the year where people are like hey, i want to set these goals and these motivations for myself and exactly how i want to improve as a person. You know as a new year's resolution, that's when we start seeing even more momentum with a lot of these investments. So right now, although we may still see more short-term volatility, a lot of fear in the market, you have to realize that all the underlying fundamentals are still very, very solid for crypto and they're, actually strengthening even more with all the adoption that we're getting just less Than a week ago, we even heard about fidelity boosting up their employment by 70 for their crypto department, we're just seeing more and more banks and institutions readying up and trying to adapt to the mass amount of people trying to get into cryptocurrency all right.

So that is the crypto update video for today, if you guys did enjoy this content, i was going to say the secret word should be like remote, because i got one in my hand, but i actually want your feedback so just a little bit interesting. If you guys are watching this video all the way to the end, you know as a creator right now, i've really been dealing with a lot of burnout. If i'm being completely honest, i've been burnt out, i've been losing my creative flows and trying to figure out the direction i want to take this channel. Let me get just some feedback from you guys.

What do you want to see? Do you want to see more consistent, crypto update videos? Do you want me to do more videos outside of crypto, maybe some vlogs or even trying out some more additional content? You know scattered among personal finance or even some credit card stuff. If you guys are still interested. I really value what my audience wants to watch because as a creator, sometimes it gets very difficult. And sometimes i really feel like i'm getting controlled by the algorithm and it's just very difficult.

Some days to film a video and i'm really not in the mood to so, i think it helps me out more. If i have these conversations and if i start posting out more videos that i'm personally passionate about regardless of whatever the algorithm may do to affect me, so big favor from you guys comment that down below i'll, be reading all of the comments. Even if i'm unable to comment back, i will try my best, because i do appreciate all of the feedback so guys. Thank you all so much again for watching.

Like the usual, i've got some links down below in the description for you all. It's gon na be deals. It's gon na be bonuses. It's gon na be free money check out weeble two free stocks link down below in the description after you deposit a hundred dollars into the app you're gon na, be getting one valued potentially up to eighteen hundred.

Fifty dollars check out block five, where you can earn anywhere from eight to nine percent back on your crypto and by using my link depending on how much you deposit you'll, also be getting a free bitcoin reward deposited into your account. One last thing don't forget to check out surfshark link down below in the description whether you want to increase your catalog in netflix, or you want to protect your internet connection or you just want a vpn, because you just want one and it's actually super cheap. Using my link, so that is everything for this video. Thank you all so much again for watching.

Don't forget to follow me over on instagram creditbryan as well, like always take care, much love and peace out.