Earlier this week we had some major updates made by banks to finally move into the crypto scene. Bitcoin had another tear-up since early this morning, testing a kia resistance level that, if broken, would send bitcoin back up to another massive rally in this video we'll be breaking down the most interesting market movements talk about some all coins that have been absolutely ripping, and the News, that's influencing prices, so you can have the best chance at winning in the crypto markets. For today, before we get started with today's episode, like the usual, if you guys are enjoying these updates and some of the consistency back on this channel, make sure you guys consider hitting that like button and happy friday, everyone loves a friday. I love a friday happy friday, all right so first things.

First, the global crypto market cap is sitting at 1.99 trillion dollars. This was actually hitting 2.0 a trillion dollars earlier today, and this is coming from the volume that we are getting with a bitcoin. A few things to note bitcoin had an amazing rally similar to yesterday, where in the mornings we were getting another rip up towards the market. It then had some consolidation throughout the day where it was hovering pulling back just a quite a bit and before we started to enter the morning, we did have bitcoin pulling back once again, just a tad before it had another ramp up in the market.

Now, today, we saw bitcoin getting awfully close to the 45 000 resistance level. What happened shortly after that was bitcoin, took a dump and you'll notice that it did fall back down to 44 000 and even almost slipping down below it. I do want to make him note that, right now, bitcoin is still above the five day 20 day and the 50-day moving averages, but one of the key resistance levels that we need to take a look at for bitcoin is going to be at least the 45 000 threshold now going into today's one day movements. I personally believe that we just have a lot of sell orders placed at 45 000 and we've seen this resistance level getting tested multiple times throughout the year.

So if you take a look at the graph, bitcoin is right now tracing a pattern that suggests the world's largest digital token could build on its recent gains. What you'll notice, on the right hand, side is a triangle shape on bitcoin's price chart and it is squeezing tighter and tighter what this is going to show us is a momentum tailwind for bitcoin and if it's able to break out of 45 300 from early march, We then have targets of 50 000 to even 54 000 for bitcoin, that's based on the fibonacci extensions. But if we do take a little bit more of a different look into bitcoin and see some of the patterns that we experienced over the 40-week moving average and what we've had since october you'll notice that the peak of april and november look awfully similar to one Of the formations that we're currently experiencing now now, i know after april's peak everyone thought the market was doomed and we weren't expecting another pump, but many people were wrong. We did see november have another shoot up in the market uh and even with right now, where many people are still skeptical, that there will be a movement in the market.

Take a look at where we are. I do not think it is completely out of the possibility of us touching the 69 000 price target at some point again for bitcoin and what happens when that bitcoin does make a move like that. Well, we would go into the altcoin market and see pretty much everything else lifting off, even today, with the price action of bitcoin moving rather sideways, we aren't seeing huge dumps in the market and even taking a look at the top seven day percentage, gainers you'll notice That even cryptocurrencies, like ethereum classic, is up 67 bitcoin gold, 46 loop ring up 42 and we are seeing 20 to 40 increases over the last seven days, all across the board. What i will say for ethereum classic is this: it is extraordinary to see them actually bouncing out of the hole with this much of buying pressure.

Now. The reason for this jump is because of the fact that ethereum 2.0 seems to be more solidified with the plans coming underway, and this is going to force a lot of the proof-of-work miners to shift over into ethereum classic. I do want to make note, even as an example in overall investing when you see the price action of certain assets mooning up going up 67. Do not let that be the determining factor on you entering that as a new position.

You'll notice, right here on the top left hand, side apecoin is still trending, but they're actually down about seven percent. This is where you do want to consider your investment and to not fomo in, but to take considerations of when the market is a bit more fearful or assets still have not yet pumped. I will also say this: if you are going long most of the time, the short-term price volatility shouldn't really matter, meaning if apecoin is going up five dollars going down five dollars, it's not gon na be a big of an impact if you've already decided. In your mind, i'm gon na hold a coin for six months or a year anyways and i know from then we will be in a much better place and you're able to make the decision and distinguish yourself that a year from now a crypto like apecoin would Be in a much better place than now scrolling down, we do have other cryptocurrencies getting a little bit of a cool off in today's market.

We do have cardano pulling back about seven percent in the market today, but still up making about 27 gains. Over the last seven days, we have tara, luna trading a little bit more flat now still sitting at the 90 price level, and there is one crypto that i did want to talk about in today's video uh with everything going on and that is going to be Axi infinity, so over the last 10 days, axio infiniti has had a tremendous pump if you're able to enter the near bottom of 51, which was when i entered back in september. You'd be up pretty solid gains on your investment, at least up 40 uh to the current price action of where it's at now so axi infinity pumped. For a few reasons, one of those is going to be the fact that they're presenting community treasury and progressive decentralization.

They say here in the article one of the fundamental reasons behind the intensified growth could be tied to the presentation of the way of governing the axi community treasury. Previously, the project reported that it grew to one billion dollars in value thanks to the growth of both the project and the game, fight industry in general. They say it in the future token holders will govern the usage of resources and change the long-term supply of axes. Replenish resources invest in various activities and create resource groups for realizing important projects.

Another reason why axia has been going up in price is because there's a version of their game called axi infinity origin, which is going to be a bit of a better feeling game than their original version. They state in this article. The new version is set to include major new updates user interface, sophisticated game, mechanics and graphics to keep the users engaged and entertained for years to come now, although the release date on this is still tbd, it was supposed to come out in quarter one of 2022 And obviously, with the end of march, coming up that date is coming around close one of the team members for axe infinity also came out the tweet stating to clarify we're still aiming to get origin out by the end of the month. It's cutting close, but our engineers are working non-stop to polish and fix bugs shipping.

A very complex and quality product is hard engineers out there may empathize. With this we are pushing now. On top of that, if you didn't know, axi holders are on the rise and your boy, brian jung, actually spent all morning tying up his axi as well. So we go into my coin.

Stats account you'll notice that i actually bought into axi infinity near the same level of 51. Now some will say that it was probably one of the best entries that you could have gone on if you weren't able to ride up this wave, but even during this wave you were still getting some pretty high price targets entering at this point i put in Ten thousand dollars - and i did see my money almost double when it was hitting 157 dollars at one point now you don't have to be a player within the axi infinity game. You could still be a non-gamer and find yourself getting incentivized to hold and stake. Your crypto within their platform and earn 73 apr that type of return is absolutely enormous, and i went ahead and staked my crypto as well doing that this morning, alrighty guys so right.

Now i'm going to go through the process of showing you how you can earn 70 back on your axes. First, i'm going to get my meta mask here. I got my metamask wallet address. I punch it in.

I click max amount for my axe infinity. I do continue and i press request. Withdraw i just transferred some axis to my metamask wallet. It should take a few minutes.

I did send myself a test amount, because the ronin wallet address gets a little confusing. You actually have to send it to bridge.ronin chain and then you're gon na be able to import it. So you have to go from exchange to metamask over into ronin bridge, which i'm doing right now now keep in mind. Ethereum gas fees are a bit high.

It was about 60 just now. What i'm gon na do next is to connect my ethereum network wallet to the axi wallet so deposit here, and i just click this tab once it directly copies and pastes the address, i'm going to do, axi i'm going to do max axi and then i'm going To press next and i'm going to do confirm and my gas fuse actually went down so it's 46 now and i'm going to press confirm and the deposit was complete. I can go ahead and view this on ether scan to go ahead and see the status which is showing that it is pending. Indeed, i should be able to see the ronin in my wallet soon waiting, waiting, okay success, so the axe infinity just came into our account.

So in order to stake your wallet, it is actually really easy. Once you sign up for the marketplace with axe infinity, all you have to do is go to connect your own wallet. We sent over our amounts, we're going to approve the axi amounts in the transaction details and we're going to press confirm. I think it was that was literally it.

You just have to make an account, and it says it's approving. All you have to do next is press mistake. Max stake, confirm. That is how you stake your axe, infinity and you can earn 74 apr back to the video.

So today i am now earning about 73 or 74 back in apr for my total staked axes. This means, if i put in 10 000 and the price of it, even holds it consistent or steady, then i could expect to see over 7 300 in total returns just off of this one investment right now, to my knowledge, there is no specific lock-up period and It's very easy to get started with this today, if you guys do want a full video on how you can earn about 73 passive income without much risk at all. Let me know down below in the comments and we can get that episode out as well. Now i also do want to mention one thing: a third of the circulating supply for axes is currently staked on the protocol earning a total daily reward of 50 516 axes.

So that means players are earning three and a half million dollars in crypto, pretty crazy. With all that being said, we haven't yet done a little review on the crypto fear and greed index and it's playing out exactly, as we have mentioned, we're seeing the barometer sitting at a 47 today for the fear and greed index, and this is just allowing us To get an opportunity to cool down in the market, and usually this is right before we do start seeing extreme greed keep in mind. A lot of this still has to do with what bitcoin does bitcoin needs to hold at least 45 000, and even if it chills right around these price targets. I do hope that we have some type of exciting move over this weekend, because that can really propel the markets forward.

Now, in the past 24 hours, we still did get a number of traders liquidated. We had 5.11 million dollars in the last hour wrecked and we had 49 000 traders getting liquidated coming in at 168 million dollars. Now, if you are wondering, though, why bitcoin is pumping take a note of this, we've been getting a lot of news over this past week talking about some major banks entering the crypto scene, just as one example, we have goldman sachs here to offer over-the-counter crypto options Trading, this move marks the first such transaction by major wall street bank and it's facilitated by galaxy digital in this article by bloomberg they state for years after its creation in 2009. Bitcoin was shunned by wall street banks.

Large banks still aren't active in the crypto spot market handicapped by regulatory uncertainty and know your customer rules, but some banks, including goldman, are exploring more crypto derivatives trading. Bloomberg's news has reported. They continue to state in this article. What helps is for regulators and governments to see that firms like goldman that they know and trust for decades are also going to be participants now.

What's really amazing about this is if i literally type in goldman sachs.com on their home page. They now have insights on cryptocurrencies to the metaverse and they have other trends talking about the insane adoption that we're going to see next diving deep into it check this out. They even have some well-made reports talking about the metaverse and web 3 right here. I think this is a major turning point just because goldman sachs and other traditional institutions have been so against the adoption of cryptocurrency, but now that they are onboarding the scene, we are going to start seeing a lot more institutional confidence and money re-entering the market and That is gon na overall drive the price of bitcoin and all coins up, as well now as exciting as all that is, it wasn't just goldman sachs.

We actually had the other bank investment bank cohen, going ahead and launching a digital unit which aims to compete with bulge at bracket firms. Cohen's foreman said the bank is already trading around 16 tokens, including bitcoin ethereum solana and the usdc stablecoin, and has a client list in the hundreds. In addition to trading, he said, being thought. Leaders for clients will also be part of the new units mandate back in may cohen, also made a 25 million dollar uh strategic investment in polysign, which actually shows another form of adoption in the overall developments of crypto.

Now, to sum up this entire video, we got this amazing article. I found from bloomberg that really just talks about the current state of the market and what you guys should be expecting so they state some market. Watchers say the narrative playing out now is the developing struggle between long and short-term holders. Long-Term traders have been stepping in during downdrafts, while short-term ones have been selling at every rally as they try to break.

Even this results in bitcoin remaining stuck and reinforcing the current trend. This is the ultimate story, that's playing out in crypto markets. At the moment, volatility traders are also staying away because of heightened levels of uncertainty, and we also know that there's still a lot of accumulation going on on bitcoin, but knowing all that in the current state of the market. The question is: where are we with bitcoin and where are we with crypto? Can we continue to see a rally, or are things not looking so good, well check this out from another industry leader in this article valkyrie walls states we even were locked in virtually the same range last year before hitting all-time highs in the fall she said, given This and the record amount of investment we're seeing in the industry across the board.

The momentum is slowly building for another rally, even if this is not being reflected right now in price action, we would not be surprised to see another record high before the turn of the year. This is extremely important. If you guys are retail investors, you want to take note of this large research firms. Institutions are all prepping for another bull run this year.

A bull run is going to entail bitcoin, hopefully breaking its previous all-time highs, and it's gon na make a lot of people very rich. As long as you haven't been panic selling at the bottom, they continue to state. The space which is no longer dominated by just a handful of coins is attracting billions in investments. The crypto boundaries have expanded over the last few years, and the infrastructure now also sustains gaming platforms, non-fungible token trading and decentralized finance, among other things, greenspan said, adding that he doesn't rule out a run towards 60 or 70 000 again either.

Now i believe that is going to be the ideal scenario of where we're at with crypto. I don't think bitcoin would fall under anything, even thirty thousand dollars just because it would get bought up so quick by a lot of these institutions that are now prepping and ready for that next buy. At the same time, i think forty thousand dollars seems to be a fair range. We have seen that average playing out since the last two bull runs we've been experiencing and if we do take a mention of where we are currently in the market, i think the upside possibility is still much higher than the downside, which would get bought up fairly.

Quick, in my opinion, for us to make money in this market, so i would definitely make sure that you guys are pivoting your plays and that you're able to set yourself up for the most amount of success within these markets now guys. That is everything that i have for you in today's update. Let me know what you guys think down below in the comments section. Today's code word is going to be a duster comment that down below duster, if y'all are making it till the end of these updates.

On top of that, don't forget follow me over on instagram and twitter link down below in the description and next to those we actually have a link for ftx, which is also one of our channel sponsors. If you didn't know, ftx is one of the largest cryptocurrency exchanges in the world and you might have heard of them from their partnerships with tom brady, steph curry, and even the miami heat arena or their recent commercial in the big game. Ftx has much more coming and, if you're interested in getting in early on the next big thing make sure you guys check out the link down below in the description use that referral code and for every trade over ten dollars. You can find yourself earning free crypto.

As well now with all that being said, thank you all so much again for having a watch at this video did that make sense. Probably not i don't know what i'm saying it's just the end of the video. I appreciate you all for tuning by, like the usual have an amazing weekend, stay safe, say, bless and i'll see you all soon. Peace,.