Youtube welcome back to another video. I hope you guys have all been doing well, because surely i have to with the amount of growth that we've been seeing within the crypto market. So a lot of questions are coming up. Brian, should i be taking profits brian? What's the next cardona what's going to rip another percent this upcoming month, we're gon na be going over all the questions you may have with regards to the current market today now i haven't posted a video in about five days and in the meantime a lot has Been happening in my own personal life, it was my mom's birthday, so happy birthday to my mom.

I spent the entire day with her taking her out uh buying her a new bag and just really spending some quality time with her. In addition to that, one of my buddies that i grew up with one of my childhood friends - he recently came back from a deployment in kuwait now, regardless, if the market happens to be doing extremely well or not so good. At all, i've decided to put a lot of quality time with loved ones in my life first and i've been putting work second, but you know going into q4 i'm deciding that hey. I think i'm gon na go back into the true grind mode, so we've been anticipating a lot of movement going into quarter.

Four, we still haven't touched upon it yet, and we've still been seeing a lot of beautiful action. So, let's hop into the computer, see what's going on for today, like always guys, don't forget to drop a like down below on this video and uh just want to say. I appreciate all y'all and let's see what's happening today, all right, so the global crypto market cap for today broke through two trillion dollars. So the last time we were talking on youtube, it was sitting at about two trillion dollars.

It is now at 2.15 trillion up 3.95. Let me make sure that this is fully refreshed, so bitcoin today is at 49 615.. So last night we saw bitcoin breaking 50 000. This is putting us in some really good shoes, and this was to be expected because we talked about that support level of 48 000 multiple times on this channel last week.

Talking about how, if we broke 48 000, if we held that 50 000 was going to come very shortly after and you can see, we've been making a tremendous amount of growth even last week with bitcoin just sitting at 44 000 at its lowest. We are now at 50, 000 plus now we are seeing a little bit of a pullback with bitcoin, but this is completely natural, especially with the amount of growth we experience within the past few days. Now that bitcoin has been accumulating a lot more volume. There has been liquidity just pouring into this main cryptocurrency.

What you should expect now is more all coins to rally up very, very hard, so we're finally seeing that effect happen with one especial cryptocurrency so cardano earlier today. It actually went ahead and broke three dollars, so i want to talk about cardano, because this seems to be on everyone's radar. It seems like most crypto enthusiasts have had cardano in their portfolio and a lot of people aren't sure whether or not you should be taking profits at this time, or you should consider going long. So what's interesting about cardano is they are still one of the cryptocurrencies that have planned out a roadmap even for the next few years.

So if you do plan on going long with this all coin, i do not see an issue with that at all, but i always recommend my audience whenever the market tends to get very greedy, which we are experiencing now with extreme extreme greed compared to even just Last month, where i was so fearful on this radar, we are getting a 22 on the value scale right now. There is no issue at all in taking profits with your positions, but i do know that many people have price targets for cardano in the five to ten dollar range, so even sitting at three dollars. If bitcoin continues to rally, we get a 75 000 to 100 000 bitcoin by the end of this year. You should definitely expect to see cardano hit.

Some of those really. You would think outrageous all-time highs now, but they really aren't that crazy. In terms of market cap and how much volume we should be seeing going into this cryptocurrency cardano is also released on their website, just some of the plans that they have in terms of their road map. So you can see it byron, shelley, goguen, bonchau and voltaire, and i definitely know i mispronounced some of those out here and uh.

Even without this, you can actually get a better idea of the status where they are right now, their agenda, their plans and where they are trying to commence with testing. Now going back to some strategies on what you could do, if you are holding positions with cardano for me personally, i am still longing most of my cryptocurrencies only because i've entered those positions back before uh. We started to have much more movement in the market that we do today and i also don't want to emphasize those short-term gains on taxes, so, even by taking a look at this chart, if we do go both ways where cardona continues to moon even breaks past Four dollars you're definitely going to be seeing a lot more profits there, but if we do happen to pull back and retest some of those previous support levels, we could see cardona going past two dollars, maybe near a dollar seventy cents like we had just a few Weeks back, you do have to realize for most cryptocurrencies any time it does hit a flat number threshold like three dollars: four dollars: five dollars, those seem to be higher resistance levels tied in with the psychology of other traders. Now that cardona broke three dollars, it looks like we are seeing a pullback where it is at 2.92 cents right now.

At the time of this recording keep in mind, you can never time the top or the bottom perfectly, but if you are still able to lock in those profits, regardless of whatever happens in this market, that is still a win in my book now going back into Some other top crypto currencies. It looks like telcoin engine 4chain audience. They are still mooning up pretty significantly so even audience. Let's take a look at the charts right here, because this is a cryptocurrency that we've been talking about.

They decided to have their moon. They had a little bit of a pullback and it looks like now it is still consolidating. So just in the last seven days, avalanche has been up 130 audio 76 percent near protocol up 61 ar up 42 cardano up 37 helium up 36 as well. Now, as we continue to approach the month of september, many people are anticipating a huge increase in the price of the crypto market.

I will be coming out with an updated top crypto picks video. A lot of you guys have been asking me to make an updated refresher on that, but if you guys haven't watched the video i made a several months ago, most of the cryptocurrencies that have been up at least a hundred percent were listed in that video there. So make sure you guys watch it i'll have a card pinned right here now. On top of that, we do need to talk about the bitcoin short interest, because that always plays a big, pivotal role in what happens to the price of this major cryptocurrency as you'll see on the 20th of august, which is just a few days back.

It looked like short positions were piling up and it looks like the sentiment was going down just a bit before this weekend. It started now as soon as we were entering just the past few days. It looks like a lot of short positions, did sell off and that resulted in a higher price for bitcoin, and you can see we even hit a low at about 5 20 p.m. Just two days ago, before the start of this weekend and going into sunday looks like more short positions started to accumulate back up now, when it comes to looking at short interest positions, you always have to realize shorts and longs.

It's always going to be this battle of tug of war, but this is going to give a better indication of whether or not people are feeling actively bearish or bullish at the moment and wondering if crypto is going to continue to move up in the long run. Now, even just by seeing this type of sell-off, you should get a more stronger sentiment in the market, knowing that many crypto bears right now are liquidating those shorts or that position that they believe crypto would continue to go down specifically with bitcoin. Now i predict bitcoin to continue fighting this resistance level of 50 000, but if we continue to see more volume going in mainstream media picking up this type of news, i would not be surprised if bitcoin rallies very close to the previous all-time high of 65. 000.

Very soon i will say this in every video: there is nothing wrong with taking profits and if you think, bitcoin is gon na go to a hundred thousand dollars, play it safe and shoot for a lower price target and do not get overly greedy in this market. Today, now, on top of that, we do need to talk about some news articles that came up over this past weekend. You guys may have heard of this, but wells fargo did launch passive bitcoin fund for their wealthy clients. So this was before this weekend.

It happened august 19th, and i believe this was one of the reasons why bitcoin started to pick up. In addition to one of the most major news - and this is actually coinbase going ahead - and spending 500 million or half a billion dollars of its own money on cryptocurrency, so brian armstrong, coinbase's, co-founder and ceo said in a tweet thursday, we recently received a board approval To purchase over 500 million dollars of crypto on our balance sheet to add to our existing holdings and we'll be investing 10 percent of all profit going forward in crypto. I expect this percentage to keep growing over time as the crypto economy matures now it's so great to see a coinbase one of the top exchanges that many people in the united states first got into when the crypto market was booming to actually put a percentage of Their profits and their holdings back into cryptocurrency coinbase was recently listed on the stock market exchange, and you will know that, based on their earnings, they have a lot of income, so they're going to have a huge, pivotal role in being another leading company. That is public.

That is putting their money where their mouth is and investing it into the crypto market. Now i would not be surprised by the end of the year if we get word on more exchanges. Doing this, hopefully gemini, i know blackfy's another partner of this company. Hopefully they do that too, just other exchanges listed on the market starting to amp up crypto, because it's kind of like the snake eating its own.

It's just a cycle. So, if they're able to put more money into the market, it's going to force the price of bitcoin to go up more people are going to want to invest into cryptocurrency. More people are gon na hear about it. It's gon na help their investment and they're gon na get more users.

So it's just such an obvious move to make for these larger institutions and i believe if it was based on them and they didn't have to go to a board for approval and they didn't have any conflict of interest. This would have happened a while ago, but we can't complain now just the fact that we're seeing this type of story come out now, it's going to be a really bullish signal for the rest of the year. Now, one last article that i wanted to share with you in this video - and this is that open openc, one of the nft marketplaces finally pass a billion dollars in monthly trading volume. Imagine that a billion dollars going into this sector of cryptocurrency, specifically the nft market, based on this data, you can see some parabolic movements where, back in february, when the nft market started to really kind of lift off, we saw open c trading at 72 million dollars Where the total exchanges were at 163 million and you'll see that it had a pullback, this is when the market was correcting we've seen now in august, the amount of total crypto volume going in is surpassing a billion dollars.

So i would not be surprised to see this go even higher going into quarter four, but at some point i know we are going to see a correction in this market as well, because i am seeing very similar posts and very similar effects of what we saw In the previous all coin market, before the entire crypto market started to correct and collapse now with nfts, it doesn't mean that there isn't any opportunity left. I say we are still pretty early in the overall development, but at least in this bowl cycle for nfts, we got a couple more months ahead of us: there's no harm in doing more research and building your positions with newer exchanges that are listing these now, regardless. I am still super bullish of the entire nft market and believe it or not visa. Four hours ago they announced that they invested a hundred fifty thousand dollars into nft crypto punks as well.

So the fact that we're seeing a larger company a credit card processor going ahead and legitimately buying an nft, especially a crypto punk, it just gives me way more confidence in the market today, all right guys. Thank you all so much again for watching this video. All the way to the end, i'm very excited to see what's going to happen next in the crypto market, comment down below the secret end phrase, which is going to be a banana comment that down below or throw a banana emoji in the chat. Also, this video was sponsored to you by crypto.com.

Crypto.Com has 10 million, plus users buying and selling 90 cryptocurrencies at true cost. You can spend money with the crypto.com visa card and get up to eight percent back, and you can also earn and grow your portfolio with up to 14 on your crypto assets. I've been using crypto.com for a very long time and they are a huge part of my personal portfolio and allocation, and they also have this neat little nft section that they have been working on and building since the start of this year. If you want to check it out, link will be down below in the description where, if you sign up using kojung, you can also get 25 after staking the required amount.

Thank you again for crypto.com for sponsoring this video. Thank you all so much again for watching this video and don't forget to follow me over on instagram creditbrian, when you do that some scammers are gon na, follow you ignore them, but go ahead and follow me because i've been posting some more regular updates on my Instagram as well, the patreon and inner circle tiers have been sold out for the past few weeks. I will be opening up some additional spots and maybe, if i'm in the mood, i will open some additional spots now during the time of filming this video so check out the links down below in the description for patreon as well. If you guys want to join some of my spots where you can get early access update to my content, exclusive live streams, where you can ask me any questions regarding crypto every wednesday at 11, 30 a.m.

Eastern time and on top of that, just chat with the community have fun and get involved with some of our scavenger hunts and giveaways that we're also doing as well. Thank you all so much again for watching this. Video till the end have a great week and i'll see you all soon. Peace,.