So earlier today, the price of dogecoin made a quick move to the upside. After elon musk announced his 3 billion or 9 stake into twitter. The last time we had elon musk's involvement with the cryptocurrency. I don't know if you guys remember, but we had a massive market move.

Could that happen next? Could elon musk yet again be the catalyst to another insane all coin season, or could we also see money just pumping back into the markets in general in this video? We'll be covering some of the most important headlines that you need to know about right now, so you can be prepared for what is coming next. If you guys have been getting excited just as much as i have don't forget to drop a like down below and let's get started with today's market update so on this fine beautiful monday morning, the global crypto mark cap is sitting at 2.14 trillion dollars. Bitcoin is currently at 46 281 dollars holding support and staying within a range. If we take a look at some of the other top all coins listed on the market, it looks like we are getting more sideways movement and i call this the christmas tree light effect.

We get red, green red, green red green, and this is usually when we do have that sideways action coming from bitcoin as well, going into the top 24 hour gainers, we still do have some other all coins pulling ahead in the green mina is up 15.71 percent Cello's up 11, we have moonbeam up 6.56 and we do take a look at some of the losers. We have a number of them which have included cryptocurrencies like gmt or zil that rallied extremely hard last week as well. Now you'll notice right next to them that they are still up about 99 in the last seven days or zeal up 30 in the last week, but this is just a friendly reminder. Whenever we're talking about some of these all coins that have been making moves.

This is why we make sure we do not fomo into these projects. Yet you do have a more conservative averaging approach and you take those emotions aside, because anytime we get those huge pumps in the market as you'll see with the price target of as an example zill. They usually come down pretty quick after that. Now, in the last seven days, i do want to make note that ethereum has been making some pretty solid plays.

It did have a little bit of a pullback about five days ago or early last week at 3 200, but even since then, ethereum even had a tipping point of where its upside was hitting 3567. At one point today, ethereum is still trading rather sideways within its channel, but if we pull it back to the last one month chart you'll notice a nice progressive growth with news between the crypto markets still heating up, i do think ethereum is still going to be A massive player within the game - and i do think with all the nfts that are heating up right now and many other d5 products. It never hurts to consider ethereum as a primary way of stacking those bags and having that as your dollar cost averaging token going to the crypto fear and green index. Today we are sitting at a neutral scale, just a little bit above the middle median, headed towards the green at a 52 for today, looking at the other two indicators, you'll notice, that we saw extreme greed all last week, but extreme fear happening for the last month.

This polarity, this is what we call the arbitrage within the market, two differences where, if you were averaging in or buying up the dip, when we had that extreme fear into the market compared to last week, you would have been seeing a tremendous amount of return back On your investment going to defy llama over the past few days, we have been seeing good accumulating growth, and, even through this weekend, we've been holding that value strong, taking a look at the total value locked across all different chains, you'll notice that even with ethereum right At the moment, sitting in the green right here is about 54 of all d5 products. Right next to them is going to be tara, luna at about a 13.50 increase and then we'll see, finance smart chain, then avalanche. Then solana you'll see phantom at 2.85 tron at 1.97 polygon kronos, and then we also have waves. Now, at the time of filming today's update you'll notice that, with the altcoin indicator right now on the monthly scale, it is pointing towards a more brighter altcoin season.

But taking a look at the seasonal indicator for the last 90 days, it's still gon na show us that bitcoin is a more dominant player. I think once we still progress throughout the next few months and if bitcoin is able to hold its level steady, then i do suspect another all coin season brewing ahead now before we move into some of the other articles and headlines that i wanted to cover in Today's episode, i wanted to talk more about the macroeconomic circumstances of where we currently are with the crypto market, more specifically bitcoin. Now i first want to make note that, right now with bitcoin's rally, it is still following very similar movements of the s p 500 market. I think a lot of people tend to overlook the correlation we have with stocks, especially when crypto tends to rally just because it's a lot easier for investors to get tunnel visioned into different products and projects protocols.

And then you start getting excited about your own portfolio. Growing, if there is any type of correlation within the markets for today with the smp and at least bitcoin, if smp 500 is looking like, it's gon na have a correction which some indicators are pointing towards a bit of a cooldown. Then i do suspect. Crypto could also be experiencing that as well.

On the other hand, if we take a look at some data showing the dominance by open interest between bitcoin and other all coins, you'll notice that the orange line indicating the other all coins right here - is slowly growing and we're at a point right now, where it May indeed, look like the all coin season is approaching with that being said, i also don't want us to ignore the reality of the situation, which was the bigger rate hikes now in this article, they state traders are pricing in a more than 75 chance that the Fed will lift its key short-term rate from its current range of 0.25 to 0.5 up to 0.75 or even 1, when the central bank wraps up its next meeting on, may 4th it's important to pay attention here, because may 4th is going to be another critical date. Like the last time, we had the short-term interest rate going up. We didn't see huge market downturn, like many investors expected, so in this case with april, coming up tax deadlines and then even another rate hike coming in about one month from now. I do also want us to be very cautious about a lot of the key dates forming ahead now before we get into the later half of this episode just talking about some of the more important crypto headlines, let's talk about a message from our sponsor ftx.

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If you guys want to check them out, don't forget to use the link down below in the description where you can earn free crypto on every trade over ten dollars. Now, going back into the video, we did get grayscale actually threatening legal action to the sec if they go ahead and reject the next bitcoin etf conversion bid. If you guys didn't know, bitcoin etfs have been a talk into at least the last few bull runs that we've experienced over the past one year. The reason why this is so important is because, if we do get that confirmation with the bitcoin etf, we would then begin to see a lot of money inflowing into the crypto markets.

Now i myself have had the pleasure of speaking to another company which is listed on the public stock exchange that has also been getting ready to come out with their own bitcoin etf and here's. What i've heard when it comes to developing and approving a bitcoin etf. It looks like the sec has been doing everything they possibly can in order to delay this as much as possible. I remember, even during the last bull run, everyone was so excited to hear any type of etf coming out and when we finally got word on an etf getting approved, it wasn't even spot.

It was about futures which wasn't directly what people were looking for now at the end of this article. They do state here, despite the lengthy regulatory process, son and sign insisted that the team at grayscale remains confident that the conversion to an etf will happen eventually. Ultimately, we believe it's a matter of when not a matter of. If a spot bitcoin etf is approved, going into some additional headlines, we got the robin hood crypto executive, which was stepping down after just less than a year on the job.

So this individual here christine brown, i actually had a lucky chance of speaking to her uh back when she was first onboarding uh into robin hood, and i do believe that a lot of this is taking place just because robinhood has not been living up to its Expectations, or maybe with her even at a higher c-level role, she hasn't been able to get the clearance or really just having the authority to be able to do what she wants within that company. Now, with her departure following the stock trading's platform, they reported a 423 million net loss for the last financial quarter in january, and their stock had nose dive to about 15 or around 10 15 cents per share. Now, since then, the stock has recovered about 20 and the reason why i do think this volatility happened was because a lot of people were banking on robin hood to do something more with their crypto platform. Now robinhood has allowed access to a select number of users for you to hop on their app and then trade out, the crypto that might have been stored within their app.

But now the fact that one of their c team leaders is actually leaving for probably another company - that's gon na allow her to have more freedom in what she wants to do. It's gon na be really tough for robinhood to make another good hit in the space. Hopefully i am wrong and hopefully they do do well, though, now in other headlines, we got visa, which is launching a program for nft focused entrepreneurs. They state the initiative, aims to help content creators deepen their fluency in crypto commerce and traditional payments.

Now, if you guys didn't know, visa has been super active within the crypto space. Over the last year, they've been making a lot of partnerships, whether it's with exchanges or even with other layer. One protocols or other companies that allow you to trade crypto, easier visa doesn't seem to be fully against crypto. It actually seems to be the opposite, which is very good bullish news showing that they are investing more and more money into the creator economy filled with cryptocurrency.

Now, with all that being said, something i want to talk about just to wrap, this video up is nfts. I don't know how many of you guys watching this channel have been getting into it, but i myself have been going into the rabbit hole and really just enjoying seeing the growth within this space as well. Over the past weekend, i posted overhead in our discord group. Just on all the buys and trades i've been making and some of the income reports that i've had with a lot of the trades that i've recently began to make within the group they have been very, very profitable.

Now, with all that being said, let's talk about some of the things that you can be on the lookout for so you can get ready for what is coming next within the nft space as well. So this thread that i found over here on twitter was pretty amazing because it just sums up everything coming out so to begin this thread, coinbase nft is coming out with their own platform to launch. When this comes out. I do expect for us to see another boom in the market.

It is still pretty unrealistic for a lot of new beginners to get into crypto, especially nfts. When coinbase comes out their nft launch. I know it's gon na make it a lot easier for your average retail investor or even some other institutions to get in on this, so that is going to be overall bullish for the entire space. On top of that, we have openc, which is supporting multi-chain nfts.

This is going to be in conjunction as an example with solana. If you guys, remember, solana has been having a great week so far and a lot of their other nfts were pumping up in the market. I recently had another swing trade entered with a solana nft and that is somewhere. I've just been cycling, my money and, if you guys are members of the group, hopefully you guys have been seeing those trades as well.

We've also been getting some other nft and d5 partnerships, so one example of this is going to be jpeg. This is one crypto where it allows you to use your nft, which is just sitting collecting dust where at one point, if you want to sell it, that's when you can cash out, but your nft. If it's worth hundreds of thousands of dollars - and it's not doing much, we need to find other protocols that allow you to activate a line of credit or allow you to use it as collateral. So you can continue to stay liquid during these times, even when your money is in other e-liquid assets.

I think this right here is a very undervalued project. It's going to be jpeg and similar to that there's another crypto that i recently entered that i mentioned within our group today, now very similar to jpeg. This other crypto is called dop or dopp. Now i do recommend for you guys to all do your own research before you decide to ape into anything, especially when the market caps on these cryptos are this small.

I see this as a very high risk and high reward investment or even a trade. If you want to play more short term, but at the same moment, because of my bullish mindset that i have within the entire nft space right now, i think any time we get d5 mixing it in and being able to create some products that find utility within The whole community, that is when we see opportunity for major growth as well. In addition to that, we have the board apes, yacht club and the land plus koda airdrops. This was something that was rumored to come out just a few weeks ago, but a lot of that was getting a little bit buried under since the uzuki pump we recently experienced.

If you don't know, azuki is just imagine the board ape yacht club, but the asian anime uh community version of that azuki was going nuts over this past weekend. Everyone was getting fomo and even recently they came out with their own beans reveal or their airdrops, similar to what board ape did as well. On top of that, the cool cats nft is having their cooltopia launch, and then we have the crypto punks and collaboration with the world of women. Nfts now world of women has also been going crazy.

I know people who ate into that just a few months ago and have been making life changing money. So, in addition to that, we even have more stuff. We have clone x with nike or the monolith reveal. We have the v con nft new york city event.

We have the sandbox alpha game season three coming out. We have the nft world avatar drop and the alpha testing meta, hero, gutter cat gang, the super rare staking for rare, and even on top of that, there's a potential where disney may buy up dapper labs. The adidas original, which i mentioned yesterday as well within our group and in addition to that, to close it out a lot of stuff, actually happened. We have doodles coming out and the alluvio mio release of a beta.

Hopefully i said that right alluvium this one, this one - i don't know too much about now, if you guys are new to nfts or you have not been catching up with the space. Probably what i just said in the last three minutes was just way over a lot of people. I do recommend you guys if you do have any spare time look into these projects. If you are more of a shrimp, maybe not a plankton, you got a little bit of a bigger portfolio where you can afford to invest into these nfts.

I do really recommend checking it out. Just because i know a lot of people are making amazing money and at the end of the day that is my goal for my audience. It's for you guys to all make money great money, life-changing money over and over again through the crypto markets. So with all that being said, i hope you guys enjoyed today's update with the upcoming events.

I will be at the bitcoin conference in miami florida within a few days, so you know i'm trying to plan out my recording schedule. I'm not sure if i'm going to be able to get out content from wednesday to sunday. So if i am mia just giving you a little heads up there, but i'm trying to pre-record and plan out some content before i end up making that trip over there. As well in the meantime, if you guys are watching this till the end, we always do a secret word that secret word for today's video is going to be berry, comment down below barry, if you guys are making this all the way to the end, like the Usual, don't forget to check out the links down below in the description.

Follow me over on social media, on twitter and on instagram i'll, be posting there a bit more. If you guys want to follow along on what i'm doing on my day-to-day life, that is going gon na also be another great place to have access to me there. Thank you all so much again for watching, though, have an amazing day and i'll talk to y'all. Soon, peace,.

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