Ladies and gents, my future millionaires welcome back to another video, so bitcoin finally broke through that 60. 000 key resistance level, and today it's been making some pretty solid gains right now, currently at 61 549. In this episode, i want to talk to you more about why bitcoin is pumping what is in store for us next because q4. It really only started just a few weeks ago and things have been shaping up pretty well and in addition to that, i wanted to talk more about landscapes between the entire crypto market and some of the moves that you should consider making.

Now, although it's great seeing bitcoin doing well, there is definitely going to be a lot more opportunity within the altcoin market coming up next, and you still have time to prepare for that. So in this episode, what we're going to be doing is just spit in facts. Making sure you guys are informed and giving you guys my best research and knowledge in terms of making moves to make sure that you capitalize on making as much money as possible in this market before we get started with this video, like always, don't forget, to drop A like down below that really helps us out and let's hop into the computer, see what's happening in the market for today. First things: first, the global crypto market cap for today sitting at 2.48 trillion dollars or a 4 increase over the last day.

This expansive market cap movement right here is absolutely a beauty to see, but you also have to keep an eye out on that bitcoins dominance. So we get a better indicator on whether or not this money is going into straight up bitcoin or maybe we're seeing it flood into some of those alternative assets as well. In addition to that, the total crypto market volume is currently at 123 billion or a 16.95 increase, and also keep an eye out for this. The d5 volume has actually gone up 12 as well too.

So most d5 products, if you guys have positions in them, expect to see that type of run as well. So in this chart right here, we can actually take a more broader view of the last one year of the total market cap in terms of how much money is flooding in and out of bitcoin you'll notice at the beginning of the year before the bull market. Really started and we hit that last previous all-time high bitcoin's dominance was pretty high up there, almost 70 percent. Now ever since then, we've seen bitcoin's dominance, take a tumble going all the way down to about 39.

Now, if you remember, during this time, we had a ton of other all coins, ethereum was having its ride up. We see dogecoin here and it's green also having some movement and we've been seeing a lot of that money getting spread out into many of those other. All coins now what's most interesting, is that right now we're seeing the bitcoins dominance going up within the past few weeks and with this type of indicator we can expect the price of bitcoin to continue going up, but as soon as the dominance goes down, you should Expect to see all coins really start pumping back up like we experienced before. If we do get to that point in the market, it would be considered the altcoin season.

So we take a look at the altcoin monthly indicator right now. Clearly, it is in favor for bitcoin bitcoin is outperforming most assets right now and, as you can see, bitcoin's been up about 13 in the last week, and even most, all coins listed on the top 10 still can't compete with the amount of gains other than polka Dot now, even in the last 30 days, there are only four other cryptocurrencies ahead of it, one being shiba inu, which i hope to actually cover on this channel very soon. Now the thing is: if we do take a step back, we can actually notice that many other all coins still have been outperforming bitcoin in the last year and just because, in the short term, 30 days or even the 90 days, we're not seeing the full altcoin Market emergence - i really would be on the lookout for this. We've mentioned this time and time again on our channel and the phases of the crypto market seem to be pretty predictable whenever we get a flood of new money going into bitcoin and we're having investors.

Finally, perking their ears up and realizing that crypto might have some even more additional room to grow and they don't want to miss out on the action. We get a lot of that new money, moving into bitcoin, causing the price to surge and then what ends up happening is we see a phase overlap with money going to ethereum so clearly, we are actually witnessing a lot of that happening right now in today's market. With ethereum, closely approaching its previous all-time high as well, the previous all-time high for ethereum was near 4 300 and currently we're at 3 800 as well. If we close in on the last seven days, you'll notice that we had a little bit of reds starting out in the beginning of the week, but finally we're getting that push to the upside with green candles.

Almost every few days pushing ethereum higher and higher, while bitcoin also continues to rally now to reiterate on what we're seeing within the market. This is really just the flow of money, we're seeing the overall global crypto market cap, expanding approaching 2.5 trillion dollars, bitcoins getting that action ethereum's getting that loving and then soon after what we normally see are larger all coin caps move in and then we get that Quick parabolic run into the all coins, where we have both mid cap, low cap and micro caps that all tend to pump around the same time. If you guys remember just a few months back with dogecoin and a lot of those other meme coins going parabolic, it seemed like everyone was making money in the market, and that's because when you had bitcoin fill up and that dominance was going up, you would then Have people interested in looking into those smaller cap all coins, doing more research, learning about the inner works of crypto and then putting their money into those other assets as well? So i personally believe, while we go into this fourth quarter, bitcoin is not gon na, be the only asset that experiences a ton of green. The best way to prepare for any type of movement like this is to make sure that you have a diversified portfolio as much as i love seeing daily action happening with bitcoin and even potentially breaking a new all-time high very very soon.

I do really love seeing some random all coins that we have been talking about for the past few months and we just been waiting for a pump up to start experiencing that now, one of my personal favorite cryptos that have finally gotten a little bit of action. Since its correction in the market is going to be polygon matic, this cryptocurrency is up about 18.77 in the last day and you'll see the previous all-time high of 2.45. We are not close to it yet, but it looks like we are starting to get that momentum for this crypto to pick up as well. Many of our top picks over the past year with cardano solana, polka dot, tara luna chain link, two, even at one point before in the previous bull run, where it reached almost 50 dollars.

We are gon na start experiencing a lot of that movement. Within these all coins - and it's best to prepare now now, if you thought polygon's been having an incredible day so far 20, which is pretty amazing itself right there we had another cryptocurrency called new cipher that went parabolic last night and it looks like it was sort Of in a pump and dump fashion, where it quickly climbed - and i was getting massive notifications yesterday of over 100 gains happening over and over again just last night, we noticed this crypto hitting a near all-time high of 3.58 before coming down to currently a dollar sixteen Cents, but still much higher than it previously was with these cryptocurrencies. The reason why they did have a jump amidst this market is because they did get listed on a very popular korean exchange, and that is going to be up bit so up. It yesterday went ahead and added to their markets.

Four trades solana, matic and new. Now, out of these, three cryptocurrencies solana only had about a seven percent pump since yesterday, but that is still pretty amazing, especially if you compare to the gains that most people fight very hard for in other traditional markets. Now, with all that being said, let's focus on the one question i did want to answer, and that is how come bitcoin is moving up. What actually caused this catalyst right here so last night, one of the biggest pieces of news that was circulating the internet was actually the announcement that the bitcoin futures etf would not face sec opposition at deadline via a bloomberg terminal screenshot.

Here they state the sec is supposed to allow the first u.s bitcoin futures exchange traded fund to begin trading in a watershed moment for the cryptocurrency industry. According to people familiar with the matter, they state the regulator, isn't likely to block the products from starting to trade. Next week said, the people who asked not to be named while discussing the situation, unlike bitcoin etf applications, that the regulator has previously rejected the proposals by pro shares and invesco. Two companies that we also talked about in our last video.

So make sure you guys watch that if you haven't already are based on futures contracts and were filed under mutual fund rules at sec, cherry gary gensler has said, provides significant investor protections. They continue to say, barring a last-minute reversal. The fund launch will be the culmination of a nearly decade-long campaign by the 6.7 trillion etf industry advocates have sought approval as a confirmation of mainstream acceptance of cryptocurrency since cameron and tyler winklevoss, the twins best known for their part in the history of facebook filed the First, application for a bitcoin etf in 2013.. If you guys also don't know they do own gemini, so that's another company that they're closely tied in with as well now.

This is huge news and, as you guys know, anytime, we get announcement of an etf we've been preaching this. If we get confirmation of this, the crypto market could go absolutely parabolic. Now, in addition to that tether, as you guys know, one of the stable coins that we've talked about previously on our channel has finally come to a conclusion of paying a 42 million dollar fine for misleading customers. The cftc said in a press release that tether misrepresented the stablecoin when it claimed that the token was 100 backed by fiat currency assets, including us dollars and euros.

In fact, tether reserves were not fully backed by the majority of the time. The cftc said the agency found that tether only held sufficient reserves of dollars to back outstanding tether tokens or 27 of the days during a 26-month sample between 2016 and 2018.. They state instead of holding all usdt token reserves and us dollars, as represented tether, relied upon unregulated entities and certain third parties to hold funds compromising the reserves, commingled reserve funds with bitfinex's operational and customer funds and held reserves in non-fiat financial products. The commodities regulator also noted that tether failed to complete routine professional audits of its reserves.

So a lot of people may actually read the headlines on this and think it is bad news, but if you guys know a bit more about cryptocurrency, this is actually really good. Just because we're finally getting confirmation on the mystery behind tether, if there was ever a situation in the future where there was a collapse in the crypto market and everyone wanted to liquidate their position for whatever reason we would definitely all be in a pickle, especially if You're, holding tether and other stable coins related to this asset because they did not have the funding to pay everyone out, just in case everyone needed the money. At the same time, i would say most crypto enthusiasts and i'm sure if you've been a follower of this channel for the past few months, you guys may have been very skeptical behind tether and that's why we have always emphasized the importance of even looking into other Alternative stable coins but tether it has been leading the charge. So the fact that they are finally getting a little bit of punishment - and this is coming to a conclusion with just a slap on the wrist for you - know still hefty fine but they're gon na make that back 42 million dollar fine for misleading their customers.

I can live with that because we finally have a little bit of the story conclusion coming to an end, and i know they're going to do a better job at making sure they either have those reserves or they're going to advertise that they don't have the full Backing for it and people are just gon na find other stable coins to use, as we continue to see further developments in the overall crypto markets. This is exactly what we need in order to make sure that we have those loose ends tied up, and we find those answers to those mysterious questions that we've had now to wrap this video up. I want to provide some additional value in some of the crypto assets that you can look into to make sure you maximize your returns now. I personally believe that ethereum should be able to crush and break through the previous all-time high.

As you guys know, ethereum is still underways and there was actually some more delayed reporting of that ethereum 2.0. So the ethereum core developers had a meeting today that was streamed online on youtube as well. One of the points that was taken off from this meeting was the fact that ethereum's difficulty bomb is going to get delayed to june 2022, and this is going to be the fifth delay and the code change is set to be released december 8th according to the Meeting we also got a latest estimate for the merge, which is going to end up happening in the end of march 2022.. The biggest lesson to me that comes from a meeting like that is because we're getting some further delays.

It's actually going to show that we're going to get more use case, more utility and more attention going into a lot of these other ethereum killers that we've seen already moon before. What that implies is any cryptocurrency that can claim to do a better job than ethereum. Like we've seen a pump up just as an example with solana, we should expect to see additional movements of all-time highs, getting broken in the near future now to wrap this video up. The key word for today is going to be boom comment that down below.

If you guys are watching this all the way till the end now, in addition to that, just to wrap this video up, i went ahead and added some additional spots inside of our patreon. So if you guys want to join our membership group there, you can do that as well. Thank you all so much again for watching today's video, don't forget to follow me over on instagram. If you guys want to be qualified for that iphone 13 giveaway.

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