Yo, what is going on you guys and welcome back to another episode. I hope you guys all had a great fourth of july weekend. I've been spending a ton of good quality time with family and friends, and i know i haven't uploaded a video in about five days or so so this is going to be an update on what's been happening in the market and everything you need to know specifically With bitcoin and the overall price of the crypto market other than that you guys hopefully y'all have been doing well, don't forget to drop a like down below on this video and let's hop into the computer and see what's going on in the markets. For today, all right, so the total global crypto market cap for today is at 1.47 trillion dollars or a 2.26 percent increase.

Over the last day, the total crypto market volume has gone up a little bit in the last 24 hours at 75 billion dollars and bitcoin's dominance is down just a little bit at point 16 or 44.11 for the market. So let's talk about what's been happening with bitcoin, i know. Just in the past few days, we've had fluctuations with the price of bitcoin, but we've really been consolidating within a specific wedge. So if we even go into the seven day, chart you're not gon na see too much of a fluctuation really just sitting within this range, where we do have some peaks every now and then of maybe 36 000 and, as you guys know, a coin market caps.

Graph of bitcoin is never going to be the most honest, but just for a quick overview on this it'll give us a general idea of what we've been experiencing some peaks, some dips, but nothing too crazy, no all-time highs or no all-time lows being broken. Just staying within this range right here now, while most investors will say that this has been a slightly boring week for bitcoin uh. This is something that we have predicted over in our discord for our inner circle. Just stating that we're gon na just see a lot of sideways action, especially going into the mid week of july uh right now, with bitcoin trading rather sideways, we are seeing some other all coins picking up steam.

So anytime we have these instances in the market where bitcoin does anything but move down. We will see all coins still rallying up, but this is the big disclaimer that i need to make. Although if i go into the 24 hour - and we see 20 30 increases and even some pretty solid gainers of 74, there is money to be made. But i say anytime, you enter these all coin positions.

You have to be very cautious of these swing trades that could be very volatile. So what this means is, if bitcoin decides to take another dump or it breaks the support levels of anything under thirty thousand dollars. These all coins, not only will they drop oftentimes, they drop significantly harder and set some new lower lows. For that specific token, so, although you can see these type of gains being made right now, you do have to tread the waters carefully and whenever bitcoin is moving.

Rather sideways and we see that action starts stirring up with these all coins. It is good news if you are investing into some of these other positions like i am, but you do need to keep in mind that this is not a sign where you want to dump all your life savings into these tokens, because you're, seeing a little bit Of life, this just happens because bitcoin and other top cryptocurrencies are trading more sideways. Now, aside from bitcoin, our number two cryptocurrency ethereum is actually picking up some steam as well performing a little bit better than bitcoin has in the last seven days up four point: five: three percent, i know with ethereum it hasn't been getting as much love lately, but It looks like with the uprising of nfts and other all coin projects. It looks like ethereum plus with the upgrades that we've been talking about and the hard forks that are coming very soon.

This asset may be much more bullish than we could see with bitcoin. Aside from that, with the top 50 cryptocurrencies, we're not seeing any huge drastic changes, polka dot is up. 9 solana is up 12. We're seeing icp still hover around the 46 dollar range right now, ethereum classic sitting at around 54 and with other crypto currencies, not too much action.

But then, with some of the other platform currencies or d5 products, we have been seeing that explosion and growth. Now one cryptocurrency that has gotten my attention is going to be ave. We mentioned this back a while ago in our top cryptocurrency picks videos, and they have actually been gaining some steam up 35 this week. The reason for this is because ave has actually come out with some new news that they'd come out with an institutional investor platform known as ave pro, which is going to launch this month.

They noted in their announcement for ave pro that this comes with a battle tested and extensively audited v2 smart contract and adds a layer of white listing so that only kyc participants can access the avi pro pool. Initially, the ave pro liquidity pool will consist of only four assets: bitcoin ethereum, usdc and ave, as institutional demand is concentrated in these assets. What i really appreciate about all this is, you can see them purposely excluding tether from this, so if you guys have not yet seen coffeezilla's video on usd tether, i think that was a great episode talking about some of the disclaimers with what that cryptocurrency has. For me, if i move my money into any other stable coins, it would be usdc or gemini usd or any other cryptocurrency that is backed by a financial institution.

I know that it plays a little bit of a different part than what we would consider more decentralized in the point of cryptocurrency. But in terms of where we are in 2021 and the developments that we've made. I believe it's very important to be able to find any type of stable coin. That gives you some type of reassurance.

Just in case. We have an issue anytime in the future where something like tether could pull the rug on people, and you don't know where your money went and you can't get it back. Gemini usd can get up to nine percent apy. If you guys use block fi check out that link down below stake it with them, you have nothing to lose, except making free money in this market today.

Now, on top of that, we do have some top crypto gainers that are not in the top 100 list. That are still making some pretty significant 24 hour gains. You'll notice that most of them have some extremely low volume like check out this token right here, mr burn token, which is up 224, but only has a volume of 54 830 dollars, always be really careful with some of these newer cap projects, but just know that They are out and they're still making money today, all right. So in terms of crypto news.

Let's start out with this barclays blocks, customers from sending funds to binance, so barclays, one of the leading banking institutions in the uk announced they would no longer support wiring funds to binance the bank made this announcement effective immediately and told customers. It was meant to protect their money. Barclays based this measure on the warning that the fca issued last week on the cryptocurrency exchange and the bank stated this action does not impact on the ability for customers to withdraw funds from binance. The decision has been taken following the fca warning to customers or consumers.

Now, if you guys see any type of resemblance, we had a similar situation in the us with the meme stocks, with amc and gme, when robin hood had went ahead and prevented people from buying the shares but allowed withdrawals to happen, you can look back and see All the fuss that created and how much that really upset people and within the crypto industry, this is having a much more magnified effect, because barclays is a more significant bank and people are furious right now, at what's going on over on twitter, one of their consumers Had posted a photo of a text message they received from barclays, and it stated this as you made a payment to binance this year. We wanted to let you know that we're stopping payments made by credit debit cards to them until further notice. This is to help keep your money safe for further information, yada yada, yada, okay, they posted this, i would say, went pretty viral with almost a 15 000 likes and keep in mind. This barclays uk went ahead and responded to the matter and they did not come with any type of good responses.

So one individual said snap just got message: barclays account getting closed right now, barclays uk help says hi there. I hope you're well we're sad to hear you'll be leaving us. It's our responsibility to help protect your money. With this in mind, we've taken the decision to stop payments made by credit debit card to binance until further notice to help keep your money safe and an individual commented right back.

It's not your responsibility to dictate how adults spend their money, and that is the biggest facts of 2021 and they also went ahead and stated hi there. It's our responsibility to help protect your money. With this in mind, we've taken the decision to stop. So it's just this automated message and it's really annoying frustrating and you can see that many people are not happy with barclays at all they're getting barely any likes on their tweets, while other individuals are getting hundreds, if not thousands, of people agreeing with them on the Fact that they should not be controlling how other people spend their money, so the reason why barclays is doing this is because they're saying that the catalyst for this type of effect is coming from the fca.

We talked about this before on our video and we also talked about how this could have some further limitations or regulations going on in the industry with other banks, and i believe banks are just waiting to say or waiting to hear from any type of these legal Organizations or these authoritative companies, part of the government and as soon as they get any type of news, they're going to say, oh well, this was our reason to ban crypto when, in reality, banks are going to step in prevent people from using bitcoin or other cryptocurrencies. Not because they're trying to protect your money they're going to let you gamble your money at the casino but they're going to prevent you from depositing your money into crypto assets which have showed to ben a much more higher yield than most traditional assets. You have to realize something: fishy is going on manipulation or simply just the fact that a lot of these institutions know that they're gon na lose a lot of money. They're gon na lose a lot of customers and they're gon na do everything they can right now.

In order to stop the development of crypto today, so if you guys hear any type of news like this from any other country, be very careful and uh, sometimes as a crypto investors, we can point fingers and say this is fun, that's fun, but every now and Then we do have to realize that there are sometimes news regardless if it's fud or not. There is news that we have to pay attention to, because this is going to be a big deal in knowing what we should do as consumers. If you are banked with barclays - and you happen to be in the uk watching this video, i would consider losing them checking out any other type of financial institutions, because there are many other corporations right now that are coming about that are doing an incredible job. Sticking by their consumers and making sure that these limitations don't exist for me for my main bank and checking account if any of them ever dare do anything like this as much of a headache as it is for me to move my money and redo all my Direct deposits with these companies, i will do that in a flash if it means i get to have my security have my independence from a lot of these companies that think they can just control our money for the sake of protecting us.

So it looks like right now from all the research that i've done. Finance is getting targeted pretty heavily by a lot of institutions. Now i feel bad for my boy cz, who is the ceo of binance? I can only imagine how much of a tough time he's going through and the reason why binance is getting a lot of heat is because they are the number one platform, although they may not be the easiest to use, and although they have some more controversial features. Uh with the accessibility to futures for many new investors, i personally believe that they have done a great job and they have still been making great strides in helping the overall crypto community, and i feel like as investors.

We should do our due diligence in helping them and understanding what the situation is and bringing proper awareness on the matter at hand. So, in this article, they state regulatory constraints facing binance have forced the popular cryptocurrency exchange to temporarily halt bank transfers denominated in euros. According to an email sent to its customers on tuesday binance said in an email due to events beyond our control, we are temporarily suspending european deposits via sepa bank transfers from 8am utc on july, 7th 2021.. That is today.

Barclays came out with a statement saying we are disappointed that barclays appears to have taken unilateral action based on pay attention here. What happens to be an inaccurate understanding of events. So, despite facing backlash from many other countries, including uk, japan, canada and even the us, here's what you need to know as the largest cryptocurrency exchange in the world on tuesday just yesterday, the exchange had processed over 15.8 billion dollars worth of transactions according to industry data. Now let me know how you guys feel about all of this crypto regulation that is heating up right now in today's day of age.

I do believe that, because bitcoin is still consolidating within its range, regardless of all this real news that we're seeing this is pretty good news, actually just at the fact that we're not seeing bitcoin dump at the fact that there is a lot more institutions and regulators Coming in and trying to limit the accessibility to cryptocurrency, so on the topic of bad news, the colonial pipeline hackers are back and they're demanding a 70 million bitcoin ransom to put an end to an attack. That's affected hundreds of companies worldwide, so the notorious cyber criminal gang rival has taken control of hundreds of companies worldwide in a sophisticated ransomware attack. They have demanded 70 million dollars in bitcoin. The us government says it's looking into the matter right now.

They have not received their ransom, they are saying hey. You know we can negotiate how much money we really want because no one's paying them at this point. There is a lot of politics involved in this. Joe biden is stepping up and saying: hey, look russia if y'all are involved into this y'all need to cut it out right now, because this is no good, but he's also claiming that this isn't a huge effect on the united states right now or the companies.

But we are also getting mixed reports saying that grocery stores are shutting down. It could take weeks for them to re-up their inventory from all around the world. So this is more of a developing story. I'm gon na keep my eye out on it, but it does correlate with cryptocurrency because just like last time, they want their ransom in bitcoin for whatever reason, which is still not a good idea, because all this is still tracked on the blockchain and even the last Time where there was a ransom involving bitcoin uh, allegedly, the fbi was able to recover all of it.

So i don't really know if this is a conspiracy. If this is pure manipulation for the governments to make, it seem like bitcoin is terrible and only criminals use it. But if you guys remember just a few weeks back, we talked about the statistics regarding all the false narratives of bitcoin and how criminals don't really use bitcoin criminals still like to use cash. It's gon na be really interesting to see how this plays out.

I will let you guys know if we do have any information: do they pay them the ransom or do they let this crumble away? Only time will tell, but that is not the only type of ransom attack that we've gone over the internet, so the bitcoin.org owner. He reports that his site was hit with an absolute massive ddos attack, so this isn't really the first time the website has gone through any type of controversy, especially within the last few weeks. There have been legal threats made to the owner of bitcoin.org and he does have a little bit of anonymity, meaning he doesn't really like to show his face, and many people are telling this guy, who is also known as cobra bitcoin to you know. If it's too much, if it's overwhelming you can let go of this position, but right now looks like he is dealing with the situation that has happened just two days ago and we're just gon na have to see where this goes.

Right now looks like bitcoin.org is steady. I am able to personally access the website, but there are reports that it is getting very tough to access it and that it is a little bit slower than it was. But for the most part you can still see all the information and everything going on at the moment. So, aside from all that, which i know seems like bad news, there is some good headlines as well.

So, in an official statement on wednesday visa announced that its crypto enabled cards processed more than one billion dollars in total spending. In the first half of 2021, the company noted that visa is partnering with 50 major companies in the crypto industry, as well as crypto cards. Uh programs enabling users to convert and spend digital currency at 70 million merchants worldwide. As previously reported visa, has been working with major cryptocurrency players uh, like exchanges like crypto.com, the company has also been closely working with other companies like ftx exchange, coinbase, coinzoom and others.

The firm also stated that stablecoins cryptocurrencies pegs the value of other assets or fiat currencies like the us dollars, are starting to live up to the promise of digital finance. So fundamentally, this is really good news because, as you know, visa is a dominant player. If you're going shopping, if you're using your credit card, it's probably on the visa network and the fact that they're reporting all this good news that people are using these cards and they're, seeing the value of stable coins. Now, on top of that, you guys bitcoin miner revenue jumps by 50 in four days.

So if any of you guys do mine bitcoin, which is very accessible - and i don't want to say it's easy to do - but if you have the equipment, it is very simple to set up, they have been seeing a huge revenue jump in the last four days. So, a few weeks back, we talked about the total hash rate involving china, so china said all right: snip snip we got ta go offline with all of these bitcoin mining rigs. Anyone based out of china either had to cut them off or they're forced by the government to cut it off and they have been moving locations trying to make adjustments and, as you guys know, with the proof of work concept that bitcoin is centered with, and china Really monopolizing the mining industry. We have seen a huge reduction in hash rate, but we haven't seen any drastic price of bitcoin following suit as well uh.

This is just another factor that i mentioned, that the hash rate has nothing to do with the price of bitcoin, but what we can see now is that the hash rate does have something in common and that's going to be the miner's revenue. So as the hash rate goes down and the difficulty goes down as well, so let's take a look at the difficulty, we're seeing that it's hitting some lower peaks in the last one year. We can also see the miners revenue making a little bit of a return or recovery, so we go to the last 60 days pulling back up or in the last one year, seeing the bottom of that and recovering just a bit and not continuing to go down. So this could be a good indication that the bottom is in for cryptocurrencies, especially for bitcoin.

Just the fact that we're seeing more healthier adjustments made within the bitcoin network, it's showing that we don't need people mining continuously from all over the world. We can still make the network work, they can still make those adjustments. The network difficulty can go down and bitcoin will continue to thrive as long as we have an internet connection, all right. So one more thing: there is actually huge news between the ufc.

That's right! The ufc and crypto.com, which is announcing a historic partnership and crypto.com, is going to be ufc's first official crypto platform partner, so this deal was worth 175 million dollars and it's going to be a 10-year contract. The ufc back in march also signed a partnership with draftkings that was only 100 million dollars in cash, so crypto.com actually had to pay almost double in order to get the similar deal that they had with draftkings. So you can see how important how valuable this must be for ufc to take on another company and how much crypto.com is willing to pay and how much they're willing to accept during this time. So this partnership here was the largest between a sports entity and the rapidly growing world of cryptocurrency.

Investing the miami heat, for example, recently announced a long partnership with ftx. As you guys know, tom brady recently had a partnership and a co-investing opportunity with them as well. The montreal canadiens nfl quarterback trevor lawrence and mlb are others that have signed deals within this industry. So crypto.com will be visible on the apparel fighters where, in their walkouts and in the clothing of people in the corner, it will appear on the octagon canvas during all ppv events and during daniel white's contender series and it will be integrated into ufc's, broadcast and social Channels not only that but crypto.com is going to be featured on brian jones channel, don't forget to check them out down below this.

Video also was sponsored by crypto.com. I was supposed to do a sponsorship for them last month, but i forgot to do my second one. So we're just going to squeeze them in here on the topic of it, i've been using crypto.com for a very long time. They have been a great platform for me to use in order to see my trades make.

Those buys make those sales and even stake other cryptocurrencies. They have more than 10 million users and they had just signed on with the ufc. So, if that's not enough reason to sign up also check out my link because you're going to get up to 25 in free crypto using my link down below but make sure you watch my full tutorial guide. So you know how to make yourself activate and be eligible for that offer as well, but check it out first link down below in the description so with where we are at right now with bitcoin.

I believe this could go in very in two different directions. Right now, if we do bounce lower, i don't think we're gon na go under 1800 at all. I do believe the floor of this is really going to hold steady at around 25 000 if it gets anywhere near that and then almost immediately it getting swooped up. There is still a lot more higher potential for bitcoin to go higher, but i do believe we're going to see a lot more sideways action, hopefully going to next week, which is going to be mid july.

But if it takes anywhere longer than that, i still wouldn't be surprised, because the volume is still a lot lower than we need it in order for us to experience that swing with this type of trade. Now i also do want to mention we're getting a lot of reports and news that institutions are doubling down. I also do need to mention. Grayscale is going to be opening up their crypto investments, but they are also investing even more funds right now during this time.

So this could go both ways if you are part of my inner circle or a patreon member, you guys will know the key dates that i posted in last week's patreon make sure you watch those dates and we will be doing further updates in our discord. For our members there guys i will do a more in-depth analysis talking about some of the whales that are accumulating this in the next episode, and i will be talking about more potential opportunities aware bitcoin could be headed right now, but at the moment i'm still holding A lot of my investments right now and i'm being very conservative, even with any type of altcoin trades. I am keeping an eye out on some of the meme stocks. Amc wish - and there are some new positions that i recently entered - that i do believe is going to have a lot of higher potential by the end of this year, so guys that was today's video.

Thank you all so much again for watching. Don't forget to like this video, if you guys have not yet already the secret code word for today. Let's just do uh. What should we do? Man? Let's do speakers all right? I see some speakers on my desktop.

Let's comment down below speakers if you guys have enjoyed this video all day till the end - and i know you're a real one watching this here. I apologize that we haven't been able to get a video out in the last five days or so, but i'm glad to be back, i'm glad to be making these uploads, and hopefully i can see some of y'all beautiful comments and virtual faces down below as well. Like always, you guys don't forget to check out weeble two free stocks and i believe they upped the offer check out my link down below check out blockfy, like i mentioned earlier in this video, and thank you to crypto.com for sponsoring this video as well. Hopefully, you guys enjoyed this episode and until next time, peace out.