So bitcoin recently broke a huge milestone of the resistance levels for forty thousand dollars put away. Those ramen cups check this video out we're gon na be going over everything you need to know about the global crypto market. We're also gon na be talking about some all coins ripping right now and some of the moves that you should consider making, especially with all this fun that we're now getting from mainstream media, which is going to try to trick people and say things that are happening. When, in reality, they're not all right guys before we get started, like the usual, don't forget to drop a like down below on this video, and yes, i am uploading more videos now that crypto is looking more green again can't deny that at all thought i was Gon na have to do mukbangs, or i thought i was gon na - have to pull pranks on myself cause.

I got no friends to pull pranks on in real life, and i don't know what they're doing. Nobody hits me up. Anyways, it's nice seeing the overall prices of crypto starting to increase and go back to where they were before. Let's talk about what you should be looking out for, let's talk about short interest price and let's also talk about how the overall sentiment looks.

So we can get a better idea of what this week may bring all right. So at the moment the global crypto market cap is at 1.57 trillion or a 12.28 increase over the last day. Keep in mind that the last time we're near over 60 000 for the price of bitcoin, and we were in that euphoric market high. The global crypto market cap was over two trillion dollars.

So as long as we shoot that for our goal objective number for the crypto market cap, i think that's just a good idea for us to gauge whether or not the market is still in its healthy phase. On top of that, bitcoin's dominance is currently at 47.66 or up 1.35 over the last day and we're seeing a lot of volume in the market up 81 in the last 24 hours. So if i refresh the page when i filmed this video earlier before, i realized i actually wasn't recording. Sometimes i do this.

It's so frustrating you guys struggles as a youtuber when your camera's rolling my microphone is working and then i forget to screen record the video. So it's literally just a video of me like y'all, can't see anyways anyways y'all, don't care about that, but bitcoin earlier was breaking forty thousand dollars. I was holding those levels now that i'm back on the mic. It looks like it dropped down a couple hundred dollars, but we're still at a very good point right now psychologically.

Forty thousand dollars in any even numbers always seem to be some very hard numbers for bitcoin to sustain. But if we're able to break that, that is often going to be a huge signal that we're back on to the bull run. And i would not be surprised at all if we see 75 000 to 100 000 for the price of bitcoin. Still by the end of the year, we still got a lot of time ahead of us and this could be a very good sign for anyone who has been going long and you guys have been patient with those very strong, beautiful diamond hands.

Now, let's go into the bitcoin shorts, because this is going to be really interesting and it's going to tell us more of a better story on why bitcoin is fluctuating in the way. It is so right now we're actually seeing shorts continuing to liquidate as the price of bitcoin continues to go up, as you guys know in the last previous cycles. If you guys recently started to invest in bitcoin anytime, we get a little bit of ignition into the price of bitcoin. That's when things start moving very quickly in terms of the momentum, the overall volume and, even though right now, the volume is still relatively low compared to where we want it to be.

It is still a very good sign with the amount of shorts that are continuing to liquidate, and it's also incredible to see the amount of positions that are still changing in hand. So the bears are always going to try to push the price of bitcoin down even lower, and even if you are on both sides, where you want to be bullish on crypto, but you know how to act as a bear. It does still make sense as a strategy to consider shorting bitcoin when it does hit those strong resistance levels of 40. 50.

60. 000 because, like i said, there's psychological thresholds where in cryptocurrency it really is a make it or break it, and most times we do receive a pullback in the market. Whenever we see extraordinary price increases like that now, although i'm personally against shorting positions and i've literally never shorted an asset before just because we've seen the damage that it does with companies and even with the resilience that many investors have, it is still an option that You can utilize in order to make more money, but i prefer to continue to do the simple things: dollar cost average and just go long and know that when you choose fundamentally sound crypto projects, whatever happens in the short term volatility, you will be good. You will be set now in the last 24 hours.

You can see the change in today's sentiment, especially around noon eastern time today, so we saw shorts, getting liquidated the price of bitcoin going up and then shorts, adding on to their positions and then the long's also taking some profit as well. So 40 000. If we're able to beat the battle here, i believe we're gon na have a very strong week, especially the fact that the fear and greed index is now slowly returning back to at least a neutral level. That would be a goal for us to hit, especially since we've been coming from the extremely fearful historical value.

In the last few months now going back to coin market cap, i'm still going to keep an eye out on bitcoin. But ethereum is also going to be what i place my bets on in the most recent downturn of the market having that dip and that fire sale. What i would consider i went ahead and picked up positions in ethereum, just because i'm super bullish, they still have their london fork, upgrade coming up, and i believe that ethereum is still gon na outperform bitcoin in terms of percentage gains. At least till the end of this full cycle here now scrolling down you're, going to notice anywhere from 10 20 even 30 increases in the last 24 hours, and even in the last week, we've been seeing some major recovery for a lot of the altcoins on the Market, if you go into the top seven day, percentage winners, we're gon na see axe, infinity up 122 percent, tell coin up 88 amp, which is still crushing it up 25 today and up 86 in the last seven days, icp starting to see a little bit of A recovery up, 50 back to 45 dollars and 72 cents and polygon, if you guys, did pick up polygon back when it was dipping near the 60 cent level, you'd be seeing an over 50 percent increase right now with the price of polygon as well.

So it looks like most cryptocurrencies. Most all coins that we have discussed on our channel are returning back into the green, but nowhere near its last previous all-time highs. But i would keep your eye out on these investments, because any time we get a surge with bitcoin all coins seem to rally very, very quick shortly after so i will have my eyes out on different positions here and i'm really really bullish for this week and Expecting to see the price of all coins continuing to rise, while we get that volume re-entering bitcoin again now, although news seems excellent today we did get some fun, and this was like some of the most probably annoying fud i've read in a while now, although tether Does have issues - and we talked about this before in the past - the fact that this article came out at 9 00 a.m today, with the contents of it being still, i would say, very loose to put it it just it just it's funny. It's funny seeing mainstream media pulling out this fud out of their pocket whenever we see momentum in the prices of cryptocurrencies, so a u.s probe into tether is homing in on whether executives behind the digital token committed bank fraud, a potential criminal case that would have broad Implications for the cryptocurrency market, tethers, pivotal role in the crypto ecosystem is now well known because a token is widely used to trade bitcoin, but the justice department investigation is focused on conduct that occurred years ago when tether was in its more nascent stages.

Specifically, federal prosecutors are scrutinizing whether tether concealed from banks that transactions were linked to crypto, said three people with direct knowledge of the matter who asked not to be named because the probe is confidential. Tether routinely has open dialogue with law enforcement agencies, including the doj as part of our commitment to cooperation and transparency. The company said in a statement its corporate structure consists of a tangled web of entities based in the british virgin islands and hong kong. The justice department declined to comment and, in addition to that, wells, fargo declined to comment and the reason why they got involved is because that transactions that were being used to obtain us dollars were involving bitfinex tether and also wells fargo.

Now, although i completely agree that tether could have done a better job before in the past in terms of being transparent and talking more about the way they operated, just the fact that we're seeing this type of news come out today seems it seems too much of A coincidence, now, at the time recording this video looks like bitcoin is slowly pulling back in price, which is completely to be expected. If you guys watch yesterday's video or if i don't know if i said it in this video or the first two takes of this video, but expect to see another pullback, alright guys, so that was our video for today. If you guys are watching this all the way till the end don't forget to drop the code word down below, which is gon na, be corgi, don't forget to check out the links down below in the description two free stocks with weeble one valued up to eighteen Hundred fifty dollars after you deposit a hundred dollars into the app don't forget to check out block five. If you use my link, they're gon na give you a little bitcoin gift as well, depending on how much you deposit into their app as well, where you can earn free interest on your cryptocurrency.

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