Since the last market update video on this channel, we've seen a strong correction happening within the crypto markets, bitcoin, which is currently struggling to stay above the 40 000 support level, has resulted in other all coins, pulling back massively across the board as well. This week's going to be a busy one for the crypto markets and in this video we'll be covering everything you need to know, including what happened last week that resulted in bitcoin dropping more than 10 percent the most important upcoming headlines for the market and how you Should be navigating the waters this month as an investor? Now i flew back in yesterday from the bitcoin conference that happened in miami florida. This year was definitely a lot better than last year. It was a lot more organized and i met a lot more subscribers than i anticipated.

A lot of this youtube stuff is very surreal to me, and i just can't believe that i have the opportunity to do something like this and that you know when i'm sitting in front of the computer all day going through it. A lot of this doesn't seem real, but when i'm at these conferences - and you guys are coming up in person, then it really starts to sink in. So i just want to say, if you guys are viewers of this channel subscribers or you guys have supported in any way. I just want to say thank you, and i really do appreciate every single one of y'all for allowing me to do this by the way.

Last year we did make a pretty cool vlog from the trip and this year we're doing the exact same thing, and i think this year's vlog is going to be even better than last year that video is going to come out in the next 10 days. So if you guys have not subscribed at all make sure you guys do turn that notification bell, because this video is going to be a banger. So the global crypto market cap for today is sitting at 1.85 trillion dollars or down about 7.74 decrease over the last day. Now i do want to make a note that there has been a tremendous increase in volume, at least within the last 24 hours sitting at about 75 increase.

Bitcoin's dominance is currently going up just a bit and that's because even with bitcoin, which is currently falling down and it just broke, the 40 000 support level at the time literally right now, while i'm filming this video we're gon na be noticing that a lot more All coins are going to get wrecked in the market as well, while bitcoin is down about 13 in the last seven days, you'll notice that other all coins in the market are down anywhere from 10 to 22 or even 25, as well. Now, even on the red days like this, if you guys have been following along on this channel, you should actually be a lot more excited. I think there's just much better opportunity when we do see red in the market and these type of temporary losses that we're seeing in the market where things do go down are just that, it's temporary it doesn't stay down and continue to fall forever anytime. We do get these dips in the market, it's all about the long-term growth that is ahead.

The past few weeks have been a lot of ups. We've been seeing a lot of green, a lot of people going back into the crypto market, and this right here is just another opportunity for you to enter a lot of these all coins or even bitcoin, at a better price than you would have just a few Weeks back going into the crypto fear and greed index, you'll notice that today is fearful and if you follow the basic rule of thumb which is buy when the market is fearful and sell. When the market is greedy, you should still be in some pretty good shoes and even on a day like this, you should consider averaging into more of those investments than rather fomoing in at the top. It's simple, you might have heard it a thousand times and i'm gon na continue to say it a thousand times, because a lot of people tend to overlook the simplest strategies and in this case we've seen it play out.

And if you have been following along on this channel, you should be up a significant amount on your investment as well. So before we go into any major headlines or some of the moves that you should be making in the market. Let's take a little recap on why bitcoin started to go down and what in the world is going on real time, while i'm filming this, we are seeing bitcoin hovering above the 40 000 level slipping under it, and it's going through a lot of volatility swings. If i refresh the page, look it it's gon na flash that for a second as well in the last one day since we started, bitcoin has dropped from 43 000 down to 39 000 any time within crypto, especially with the top 10 you'll notice that there are Some strong resistance levels with flatter numbers, so in this instance, it's going to be 40 000, which is that support that it seems to be struggling to keeping up.

If we pull the charts back to the one month, you'll notice that bitcoin still did experience a really good growth. Where, back in march 12th, we had an enormous rally going up to the top and over that progression period of about two weeks, we've seen bitcoin top off at about forty seven thousand nine hundred twelve dollars. Now since then, and most importantly, since the start of the bitcoin conference, we actually started to see the price of crypto going down. Now.

I do want to make note if you guys did watch my previous upload before i went to the conference. I did mention how there may be a crypto dump coming ahead and in that video i talked about one thing, and that was the macroeconomic circumstances and how bitcoin is still tied with the overall s. P 500., when things get a little crazy. A lot of greed is in the market, things keep going up and up and up people tend to overlook the macroeconomics, but it is very important for you to know what is going on in that side, because it's going to give you a better gauge, as an Investor on when you should buy, and also when you should sell so taking a look at the one month, it looks like we're going back to where we may have been just in the beginning of march, pulling it back to the three-month chart you'll notice that we Still had even more volatility a lot more ups and downs, but going even into the last one year, you'll notice, more significant valleys and peaks in the market, where we still did experience a tremendous growth where bitcoin did go to the top of 67 566 dollars.

Just under a year, even with the price of bitcoin going down, the reason why i am excited is because i am still so bullish about the entire crypto market. I would actually be a bit more concerned if we had the bitcoin conference and the price of crypto. Just kept going up and up and up because the last time we did see this on the charts we experienced a tremendous pullback as well. I think for us to have that good, healthy growth, which is lined up, which i believe is scheduled, and i could be wrong if i'm wrong.

Tell me i'm wrong at the end of this year, go back to this video or one of my future videos with future brian jung, but i'm still very bullish about the entire state of the market, and that is why i'm continuing to average into other sectors whether It's blue chip, nfts or other smaller altcoin project when it's times like this, when we see fear when the market is red, this is when you want to lay those seeds plant up the dirt water them up and when they grow, they will grow tall to be A mighty tree now, according to this article, by coindesk, they state macro uncertainties, keep traditional investors from following lfg's lead in accumulating bitcoin at current valuations. If you don't know what lfg is, this is going to be the luna foundation guard. This report comes into response. After getting word that the luna foundation treasury holds about 40 000 bitcoin after another weekend purchase, this resulted in about 173 million dollars worth of bitcoin getting bought over the weekend.

Even with a big purchase like this and the ceo of luna right here do kwan, it seems like it hasn't, really helped the price of bitcoin, and i believe it's because of this one reason that they also stayed in the article here. This stems from quote the several economic and political uncertainties, stalking the risk asset. So if you're wondering what those political and economic uncertainties are, take a look at this headline that we got from cnbc, which states consumer fears over inflation, hit a record high in march and new york, fed survey shows there's a photo right here. Just depicting some of the enormous gas prices we experienced back a month ago now i don't know about your area.

Let me know down below in the comments, but at least within maryland, things seem to be cooling off. It looks like the all-time high for gases. Were several weeks back, but it was tremendous and i know it made a lot of people's pockets hurt a lot of wallets were screaming in pain. This is also in conjunction to us getting ready for the nastiest inflation report and, according to this article here, we may see some of the highest inflation rates that we've ever seen before they state analysts surveyed by factset, expect the release to show 8.4 inflation over the Last year, which would be the highest overall inflation rate since december 1981, the rate was 7.9 percent for the year, which ended in february, and excluding food and energy forecast is for 6.6 inflation, which would also be the highest since august 1982..

So if you are wondering why bitcoin is continuing to stumble, i do believe that the price right now may be accounting for the report that we are going to get tomorrow. In addition to that, currently, at the time of filming this video, there is a huge bearish sentiment across all different sectors, we're seeing this happen within crypto tech, energy and other growth names, which have all been plummeting. Now. Investors are also anticipating another interest rate hike from the feds and tomorrow, with that inflation data report coming out, people are anticipating even higher inflation numbers from what we've been seeing going back into some of the other top all coins.

There aren't much in the green today. Other than gmt, which is another all coin, that we recently discussed on this channel about a few weeks back. If we do flip this you're gon na notice that a lot more all coins are in the red as an example moon beam, which is down 17.26 percent. Today, mina, which is down 16.79 roon down 16 and all around the board more red.

Now, if i do pull the charts back out to the last seven days of green winners, i do want to make note. There is one cryptocurrency that has been getting my own attention as well, and this is gon na be kyber network crystal v2, so kyber network in the last seven days actually been doing fairly well they're up about still over four dollars at the time of filming. This video and if we pull the charts back to the last three months, you'll notice that they're even at a dollar 36 cents back during the beginning of the year. Now the reason for kyber network getting another price bump, regardless of what bitcoin has been doing in price alongside many of the other all coins, is because we've been seeing a lot more partnerships and integrations happening which still drives the price of some of these cryptos.

Up. Now kyber network went ahead and added a multi-chain support, and this is what really propelled the price of this going up. They are now allowing trading to happen on 10 separate networks which include ethereum, avalanche polygon, bnb, smart chain, aurora, arbitrom, phantom oasis, vellus and kronos. So one of the terms that we've discussed a lot on this channel aside from decoupling is going to be interoperability.

This is pretty much when other cryptocurrencies can communicate with each other, regardless, whatever network they're in in this article, they state interoperability, has become one of the main themes - driving growth, not just in d5, but in all sectors of the crypto economy, because the ability to send Assets and data across multiple chains is a necessary feature in the future of d5 nfts and the metaverse kyber network went ahead and joined the avalanche rush phase 2.. They also had some additional partnerships and protocols, as you can see, on your screen here, including uniswap v3, and a number of others that sent the price of this soaring up. I do think defy is still gon na make a very strong run this year and i do believe when the market is down like this. You are going to find a lot of evergreen pasture in getting some heavily discounted cryptocurrencies that may yield you a very strong return by the end of the year and hopefully, if you are watching this you're able to take some of this information, maybe do a little Bit of reverse engineering think about what's going to be the next knc, what is going to be that next d5 protocol that focuses on interoperability? What is going to be something where we can see some of the partnerships lining up, and then you take this information.

You become the next millionaire and when you're hanging out on your yacht, don't forget about your boy and uh. You know just give me a little instagram shout out or something just kidding. You don't have to do all that. You know what just do it nevermind.

Just don't do it. What am i saying i don't even know now before we go ahead and talk about some other major headlines, because there are definitely some interesting pieces of news. I want to give a quick shout out from our sponsor of today's video, which is ftx. So ftx is one of the largest cryptocurrency exchanges in the world and with them you can trade crypto of up to 85 lower fees than some of their top competitors with ftx.

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Thank you, ftx for sponsoring today's episode and let's get back to the video. So sometime last week we got news that elon musk went ahead and bought a significant amount of shares from twitter over the public stock market. But today we got news that elon musk went ahead and declined to join the twitter's board, despite being its largest shareholder. They quote: elon's appointment to the board was to become officially effective for nine, but elon shared that same morning that he will no longer be joining the board.

Agarwal said in the tweet, i believe this is for the best we have and will always value input from our shareholders, whether they are on the board or not. Elon is our biggest shareholder and we will remain open to his input now per the terms of the filing they say. Musk was not allowed to purchase more than 14.9 percent of the firm's stock if he chose to become a board member. Meanwhile, neither musk nor argo wall have revealed the reason behind this move.

So a lot of this seems to be mysterious on the topic of other large billionaires. We do also have mark zuckerberg, which is now deciding to come out with his own cryptocurrency, yet again called a zuckbox. So zuckbucks are not the first cryptocurrency that they had, if you guys remember a little while back, they also had the cryptocurrency called diom. Now, the reason why mark zuckerberg went ahead and started to push out zuck bucks is because facebook has now been having some declining revenue, as a lot of their users have been switching to newer competitors such as tick tock.

Facebook, which is now currently named at meta, is still exploring how virtual currencies could help lure users back to its metaverse platform and to also keep them there. So this is why the digital token zuckbox was also created. Now i wouldn't be too surprised about the news that is coming out. We did get word on multiple interviews happening before in the past, where mark zuckerberg talked about coming out with another cryptocurrency again, and this times i i just didn't think it would be called zuckbucks.

I think there could have been a better name for it, but you know you know what i don't know if it'll do well, but who knows, it seems like a lot of the hype for meta has still been going down and with integrations and news like this, Where it makes it so much easier for people who are using a lot of these triple a platforms already and some of the largest social media blue chip companies, i think this is where the evolution of it starts to begin. If we do get money going back to the metaverse by then i do expect the entire crypto market to be on another boom and hopefully by then a lot of the metaverse plays and play to earn games that we invested into will start picking up in pace. As well now, that being said, one more piece of news that i want to talk about, and this is going to be strike, launching a shopify integration allowing bitcoin, lightning payments to merchants. They stated in this article with the strike integration.

Shopify merchants can accept payments globally and save costs on processing fees with cash final settlement strikes. Integration enables shopify merchants to diversify their existing payment options and reach untapped global markets and purchasing power strikes. Integration also allows shopify merchants to generate savings through low cost payment processing. If you guys have ever used shopify before i even did any crypto stuff, i was on shopify for many years with my e-commerce brand, and i can tell you the stripe fees and anytime.

You use a credit card and those merchant fees they do add up. The processing adds up a significant amount and with crypto, actually getting the use of its utility behind why it's created. This seems to be some of the most bullish news. For me, i do want to mention, i guess, with all the inflation reports and some of the looming regulations that people are talking about.

It looks like this is still balancing the price of bitcoin and holding it down now. I do think if bitcoin does have a breakout, it is going to be a tremendous one. That is why i'm very excited for what's gon na happen. Next, imagine a little catapult, a little jungle on the back of the catapult and we're about to launch it off.

Back into space now, ladies and gents, with all that being said, thank you all so much again for watching today's episode, if you guys did enjoy it, don't forget to comment down below the key word and that is going to be dachshund or dash hound. I was when i was in miami. I saw a lot of these dachshunds and then i was having conversations on how they were called ben. Our editor who's editing.

This video told me that it's actually called da da da hand like the more german way, the secret word. You can at least comment down below wiener dogs or something let me know if you guys have some input on that as well. Thank you all. So much again for watching today's video, don't forget to follow me over on instagram and on twitter and by the way it is still near the beginning of the month.

If you guys want to have access to our exclusive patreon community, where you can take a look at some of my research, my crypto portfolio see how much it's grown and some of the cryptocurrencies that i'm holding, including some of the buys and sells that i'm making And also being a part of an amazing community with some pretty kick butt it's going to say, but we can't do that. Some pretty kick booty signalists and teachers within our community. Take a look at that down below and sign up. If you guys are interested as well now with all that being said, have an amazing day and i'll talk to y'all soon, peace,.