Brace yourself rate hike are we in a recession, recession session recession is coming, it seems, like we've, been getting some more negative predictions concerning a possible recession or economic downturn that could crash both stocks and crypto in this market update. I wanted to give you my thoughts on what's really going on in the world now, if you guys have been appreciating the consistent uploads on this channel, because it does take quite a bit of work on our end, make sure you guys go ahead. Drop a like down below real quick got a banger video coming out this saturday, so you want to stay tuned for that. Let's hop into the market, update and see.

What's going on for today, all right first things: first, the global crypto market for today is sitting at 1.93 trillion dollars or a .67 increase over the last day, taking a look at the global crypto market cap in the all-time parameters, you'll notice that it's been having A pretty solid accumulation, even though it's been pulling back ever since we are hitting that two trillion dollar level pulling it into the last one month it looks like levels are stabilizing, and since earlier this week we are accumulating back to that two trillion dollar mark where, As you'll see, we were sitting at 1.88 trillion dollars. We had a massive liquidation this. This might actually be a glitch in the in the charts too, but we did have some accumulation going on and right now we are still approaching that near two trillion dollar level. We mentioned this time and time again within crypto.

It is very simple not only with bitcoin ethereum and a lot of the top all coins where round numbers are a huge resistance point, but even with the global crypto market cap, two trillion dollars is always a huge liquidation area. Where anytime we hit it. We get massive pumps in the market or we fall back to the downside as we continue entering the two trillion dollar mark. When that happens, we will see many other all coins listed on the top 10, or even some of the other micro caps getting a huge surge in price.

I would still make sure that you have a pretty decent optimistic outlook on the market, because, even in this past week alone, where many people are claiming that this was a full-on bear market we've been seeing that recovery happen. Currently, today, bitcoin is sitting at forty. One thousand eight hundred forty dollars or up about one percent for the day. This is coming after an extension of bitcoin having a forty 40 961 dollar price target more on the lower side, with the rally going up today, even hitting 42 768 pulling the charts out to the one month.

The question is: could the bottom have been in during this point where bitcoin was even sliding down towards 38 000, even on this right hand, side of the screen where some individuals are claiming that the game is over everything's a scam? It is the end. I would make sure that you do keep a more leveled outlook on the market because often times when a lot of people who don't really know too much about the market are claiming that it is over and it is within a bearish season that is often times Where we call the bottom of the market and things start moving up moving down, we have ethereum still sitting at three thousand dollars for today. Now, although ethereum hasn't been doing too much in price action, we take a look at the total value locked with about 117 billion dollars for ethereum you'll notice that it still hasn't been reflecting the amount of money that's been getting washed out ever since ethereum had its Top off at the beginning of the year, and it's been going down with that ride back up in the market and seeing a lot of the nfts taking off, especially within the ethereum ecosystem. My guess is, ethereum is going to have a breakout, and some of this data is also showing that as well.

According to this article, by coindesk, ethereum's implied volatility points to big moves ahead. They state here, ether's three-month implied volatility dropped to 3.5, the lowest since november 2020, and the implied volatility refers to options. Traders, expectations for price turbulence over a specific period, taking a look at the charts, the implied volatility of back in november 2020 may 2021 and then one more time in september of 2021, we have been seeing price action of ethereum going parabolic slowly after these times now. Right now, with the volatility almost at its lowest point, usually when things are low, but there is still use case and there are still progressions being made with at least a cryptocurrency like this.

You should expect to see some type of movement now. I know, there's been a lot of focus as well this year on a lot of the all coins that would be considered those ethereum killers. I am still very bullish on the overall longevity of this project and i can tell you with the amount of money that is still going into other layers and other nfts that need to use ethereum in order for you to process transactions. I am very, very bullish at the moment i gave alert within our discord group that anytime ethereum slides under 3 000, especially this level right here at 2900, even touching the 28.99 mark for a brief moment would be the bottom clearly within the last seven days.

If you have been paying attention, this right here would have been a profitable trade for you. It may not have been a lot, but if you were able to catch the top just yesterday or even this morning as well, you would have been able to lock in some decent profits in a short period of time as well so going into some of the Top losers for today we're actually going to be seeing step in gmt and apecoin on this list. Now this doesn't reflect the massive wins that they've had in the last seven days, but just talking about a 24 hour period, we're noticing a little bit of a correction or pullback with these assets we had so many people within our group asking us brian. Should i be aping in right now and they're asking us at this peak right here and the answer is always no do not buy into an asset for fomo if you're buying into an asset and you're holding long, and you have gotten attention from it because of Its price action that's a different thesis, but when people are just trying to buy in because they want to ride the hype train oftentimes in crypto, we see a pullback.

We see a correction. We've mentioned this so many times, and this is just one of those golden rules that you want to make sure you stick with, although some of them are having a little bit of that breathing room man in the last seven days, a lot of people have been Making some tremendous amount of gains and if you guys have been following along on this channel, i want to say congrats on those alerts congrats on those gains, make sure you take those profits and continue moving forward. Now, on top of that, if we do go into the top 24 hour winners, we are getting some rips in the market. We have zrx about up.

38 tron is up 14 kyber network having another movement today of 13 theta network up 12 and other cryptocurrencies in the green. One of the reasons why i love crypto, so much is always the opportunity within the space. Whenever we get people trying to suppress crypto by coming out with headlines saying the economy has crashed, it's over recession is going to stay forever. We take a look at the actual market movements.

We take a look at other indicators, we take a look at ta or even the fundamental adoption of institutions, and it tells a completely different story. Volatility within markets is always implied, especially when we're talking about such an innovative space. Now, in this video we're going to be going over some major headlines that you need to know in order to back up some of the reasoning that we have behind the markets, bullish sentiment as well going against many of these top analysts, crypto fear and greed index - Is right now sitting in the fear we are still at a 27 even with the market going up now. This is getting a little bit better because we were seeing extreme fear happening within the market and now that the sentiment seems to be returning quite a bit.

I wouldn't be surprised if we see some additional money starting to pour back. In second thing we got to talk about is just a quick mention from today's sponsor, which is going to be ftx. So i know a lot of you guys have been taking advantage of that 100 ftx offer and it's still around you can sign up with them. Using my link and putting in code jung down below, if you're, asking yourself brian, what is ftx, and why have you mentioned in like every single video well other than the fact that they have been great and they have also been sponsoring this channel, which i'm really Thankful for they're also one of the largest cryptocurrency exchanges, where you can trade crypto with up to not 50, not 60, but up to 85 percent lower fees than their competitors with ftx.

You can also find yourself getting no fixed minimum fees, there's no ach transaction fees, and you can also set up reoccurring, buys directly in the app making dollar cost averaging. Very, very easy. I know coachella has been a very popular event. I've been seeing it non-stop within my instagram story and yes, getting a little bit of fomo as well, but did you know? Ftx is also one of the proud partners for the coachella event as well.

This just reiterates into the fact that if you are using their platform, they give you special access to some of the perks and member benefits, and all these things i've been taking advantage of as well. Just as an ordinary member like you, i don't want you guys to miss out and the promo link on getting a hundred dollars is pretty insane. You don't often see many crypto exchanges doing that. So if you guys have not done so already check out the link down below for that with that being said, let's get back to the video all right so to kick off with the news.

First of all, we got binance actually making a pretty interesting mistake. They went ahead and revamped their logo and their emojis on twitter, which looked to resemble a nazi swastika. They came out this tweet stating well. That was obviously really embarrassing.

We're not sure how that emoji got through several layers of review without anyone noticing, but we immediately flagged the issue pulled it down and the new emoji design is being rolled out as we speak. This right here is what the logo looks like and what's really interesting about. All of this is that they decided to make this mistake on 4 20, which is you know, a date that a lot of people are interested in for whatever reason, and then on top of that it actually happens to be adolf hitler's birthday, i don't know what Type of coincidences need to go through for this to pass all of these different people. You guys, let me know if this could be some type of prank or maybe an unhappy intern wanted to cause some serious damage within binance, but this was definitely a pretty interesting story now.

Moving on, we also got some more word that coinbase is in talks of acquiring turkish crypto exchange a btc turk. Now this deal could be worth about 3.2 billion dollars and, if you don't know, btc turk is it's one of turkey's oldest crypto exchanges and counts for 4.5 million pro users. The reason why this is so relevant is that, even though this is a relatively small country, coinbase is also now showing that they're trying to go worldwide and claim their exchange dominance now. Keep in mind.

Binance right now is crushing the global crypto exchange space and they're. Also dominating coinbase, as well they're doing this by the sheer amount of volume traded and also by the fiat supported as well. This is the thebinance.com not binance.us, which is the united states version of it. Any type of exchange that is operating within the us has a lot more regulations and limitations compared to the actual global exchange.

Currently coinbase only supports three and binance supports 46 different fiats. Now coinbase is making a play of adding more countries, so we're just gon na have to see where they're trying to take their user base next now, on top of that, we actually did get word that goldman sachs is eyeing a collaboration with ftx. This conversation is currently taking place with sam bankman free, the ceo of ftx and david solomon. Now ftx was valued at 32 billion dollars back in january, and it looks like goldman sachs was also leading the ipo of coinbase last year now keep in mind, even though goldman sachs was leading the coinbase ipo.

Last year, the coinbase stock price has been tanking where it has retraced back to 140 from the top of 380, which has been a 60 decline. Now, if you guys do remember the previous article we discussed, goldman sachs is entering crypto more and more they're talking about their developments and research among web 3 and the metaverse, and it seems like they're becoming more bullish than ever before, apart from their ipo of coinbase And possibly what they may do next, with ftx's partnerships, they've dedicated that entire page to a crypto research report of 40 pages long now, whenever we had top tier banks like goldman sachs, getting excited or bullish on anything like this, i would assume that retail or even The shrimp, or even some of the plankton like we are, we want to follow suit and we want to follow the whales and some of the moves that they're making next now. On top of that, we also got some word that robin hood was finally coming to europe through an acquisition of a uk crypto firm named ziglu. I hope i said that right, ziggloo sounds like a pokemon.

Now it's stated that ziglue is going to bring about 103 000 new customers to the robinhood ecosystem of over 17 total million users they have ziglu was founded back in 2018 to allow users to make payments and invest in a range of cryptocurrencies similar to the way That we use exchanges in the us as well. This acquisition isn't really showing us much, but in the long term picture this is going to be a huge deal now, on top of that, robin hood's also been a bigger player in the crypto investment space and they're. Also, adding more and more all coins to their cryptocurrencies now now, in terms of some more fun news i feel like we do need to cover this anyways, but elon, musk and tesla have been doing an incredible job apart from elon musk's whole twitter fiasco, which is Still ongoing right now, tesla stock went ahead and jumped after its first quarter, results smashed wall street forecast of up to 7 percent from yesterday's trading around a thousand fifty dollars, unlike stocks such as netflix, which plummeted over 35 in a single day after they reported for The first time that they got less subscribers than ever before, we are now still seeing other companies moving up in the space when it comes to tesla. The first quarter.

Net earnings were over seven times greater than a year ago, and this was powered by strong sales. Despite a global supply chain, kink and pandemic related production cuts in china, tesla made a record 3.62 billion dollars from january through march now, even earlier, today, elon musk went ahead and released some more details on tesla's upcoming robo taxi electric car, which is going to cost Less per mile than a bus ticket - if this is anything what it looks like, i can definitely say man, the future is changing and with how bullish elon musk is on crypto 2. It would be amazing for us to start seeing a lot of these electric vehicles that have implementation or use case with a lot of these other cryptocurrencies. Just imagine being able to pull up your dogecoin that you bought off from the robinhood app using your bank account or credit card and then just riding away going to whatever destination you like now.

Also tesla has been doing well other projects, such as the cyber truck, which i even put my deposit on way months ago way years ago. I don't even remember the exact date because it's been so long. We haven't actually got word of that. We haven't been seeing any of these trucks lying around so until we start seeing actual production going out.

I do think a lot of these earnings can still have a chance of volatility or a bit of a correction. Now. The big key thing to note here is one: innovation is happening. Two major institutions are adopting into the crypto space and three, yes, macro economic factors still take a part into what other equities, such as stocks or even the crypto markets, do but long term.

Even for this year, i believe we have the financial support and we have all the necessary resources in order to hit the next levels. Retail interest is still at an all-time low when it comes to crypto and it looks like institutions are still waiting on regulation. They are waiting on word and what the sec is trying to do in order to make sure that crypto can have some move forwards. Let me know how you guys feel about the entire sentiment of the market, even where we're getting headlines that a recession is blooming.

I'm more bullish than ever as a creator. I've been within the finance space for the past few years now shifting over from different types of content, but i can tell you i have personally never been this excited about. What's coming next, hopefully you guys are able to maximize on the opportunities that we've been seeing too. I really would hate for you guys to miss out subscribe to this channel, like always, if you guys appreciate these updates and just to wrap this video up, make sure to also check out the links down below where you can follow me on twitter.

Follow me on instagram and if you do make sure you watch out for scammers as well now i also have an exclusive discord group where you can get access to what my portfolio looks like my buy and sell alerts. My research, my announcements within some of the plays that i'm trying to make, and also some ta from some of our top traders. Our discord group is now actually sold out. We will be opening up some more spots, possibly in may, but at the moment we're just closing it off.

For now we have a good, solid amount. Now, if you guys are interested in joining, i will make some further announcements on the channel or within one of my other social media platforms. If you guys want an opportunity to join consider joining next month. On top of that, don't forget to check out the link down below in the description for the surf shark vpn, where you can find yourself earning 83 off in three months free using my link down below now we always do a secret code word and for that Code word for today's video that is going to be strawberries comment down below strawberries, if you guys have watched this all day till the end, like the usual, have an amazing day and i'll talk to y'all soon, peace,.