Crypto Implosion Internet Computer (ICP) Crypto News & Charts

This video focuses on the Internet Computer & General Crypto News Headlines of today. In this video, we also check out ICP price action and the crypto charts.
Check out William Laurent here: https://twitter.com/WilliamLaurent3

Ladies and gents welcome to six figs I’m Kyle and in today’s video we’re going to be talking about all the hottest crypto news everything from definity internet computer to the ecosystem and the chart so let’s Dive Right into this the one and only folks Dominic Williams is going

To be at Davos 2024 January 17th taking the center stage woo and guess what Davos 2024 around this time there are a lot of huge fin fincial institutions in Davos as we speak for the we convention uh so the thing is that there is uh a Davos 2024 blockchain conference that is going

Down and there are a lot of people that are going to be there really when it comes down to it you’re going to see T-Mobile uh Telecom lichenstein Casper Labs ethereum Foundation uh in ACTA Ventures uh salana Casper of course definity uh enaa Ventures again so uh

There’s going to be people from Ledger all sorts of stuff there so this should be a good panel and I believe this is in uh Zurich uh Switzerland uh so it’s very interesting to say the least now there is a notable reduction in ICP dissolving off the nns

Why is this happening folks well it’s because the internet computer is absolutely shooting off like a rocket and we’ll cover that on the charts but basically you’ll see more people staking their ICP during the bearish conditions during the bearish markets but once the bullish sentiment starts rolling around

You want that ICP available for you to basically sell the top or try to sell the top now it doesn’t do you any good if you got your ICP locked up for a couple years and you’re here to make money this bull market so I do think

That within the next you know 3 to six months hopefully ICP is seeing some uh higher price action uh but we are seeing uh this constant steady decline as people get more bullish and bullish so uh it’ll be interesting to see what happens if this trend changes this was

Very interesting folks Anthony scar says $1 trillion Bitcoin market cap incoming and this was very interesting because he goes on to talk about the gold aspect and how World gold Council estimates that the amount of yellow metal mined throughout history is approximately 209 million tons valued at around $12

Trillion bitcoin’s current market cap stands nearly at 900 mil we’ll just call that so the thing about having Bitcoin is that it takes like hardly any energy to mine it like in the grand scheme of things you know how much energy was wasted for this 209 million tons of gold

Gasoline I mean the destruction of the environments that I mean it’s just crazy it’s probably done 12 trillion worth of damage to the environment uh Bitcoin I can guarantee you has not done anywhere near that and really it’s only a 101 12x from here to get to 12 trillion so I

Tend to agree with Anthony scaramucci on this but I do think that it’s going to be maybe a decade or two before we start seeing those levels uh Crypt T since this is kind of like on the gold subject she dropped a pretty decent post uh when the gold ETF got approved new

Production of gold doubled all the gold miners rushed out to find more new gold to sell increase in the supply means lower price you can’t make more Bitcoin and the supply will be cut in half in 90 days so this is very interesting stuff here because uh here we have what I

Presume is the Bitcoin chart possibly uh it does look a bit different from this but here we are and you can see that when the gold ETF was introduced uh this thing ran up you know over time uh so this is going to be interesting to say the least I don’t

Know guys I don’t know uh Fran fran. IP Fran go follow this guy at Fran he you know this isn’t the first time I’ve spotted something that he has dropped on Twitter and it’s just this little gem so he alerted everybody that the binance hot wallet had 500,000 binance needs to

Recharge the hot wallet otherwise ICP withdrawals May temporarily be paused at any time uh so there’s 45,000 we’ll just call it transferred from binance uh to this hot wallet so we’ll see what happens with this I monitored I checked this uh today and it was still at like

The same number uh so there was hasn’t been any changes but it’s good to know uh when we start to see that stuff really reduce in Supply especially like the amount of tokens uh these exchanges have on hand Economist Alex Krueger like Freddy Krueger he’s sounding like Freddy

Krueger folks in this article the way he’s talking Economist Freddy Krueger warns that Bitcoin upside is clearly capped says it’s time for ethereum to take over on the heels of the Bitcoin ETF he’s saying this okay I don’t agree with this at all like at all um I don’t believe that it’s capped

I don’t believe that it’s going to be the top but uh you know I don’t think that we’re going to see I mean ethereum has been running just as bad as uh Bitcoin uh let’s look at the the top 100 here top 100 it’s just a SE but somehow

Sam bankman Freeds coin is just blasting through everybody look at that I don’t even see ICP on this chart but ICP has been taking a very nasty beating the last day or two we are now below Sheba enu again at a 5.67 69 679 billion market cap still top

20 you know that’s pretty decent uh still 6,300 transactions per second right now let’s see how many Bitcoin are in control of the uh internet computer we got 183 Bitcoin in control of uh or basically under the control of the internet computer and you can see how

This uh number is just absolutely Rising uh so this is great to see uh people are starting to trust the internet computer and chain key technology uh let’s check out the eth H not so much uh looks like eth kind of people were messing around

With it and you know it is what it is uh but with that said uh I just want to see what we’re sitting at for okay circulating Supply 455 million uh we are still seeing you know 376,000 smart contracts uh this metric just keeps climbing in and climbing I

Mean this thing I try to cover this thing and and I mean you guys can see in the last let’s see here was it in the last we just go the last two years we have seen an increase in smart contracts roughly from 26,000 to 376,000 that is absolutely incredible uh

So it it is what it is uh right now I am kind of tracking ICP folks I’m looking at this at a 4H hour uh scale there was this really wild symmetrical triangle squeeze we almost had a little bit of an ascending triangle going at the same time but that

Kind of fell through um so I do think that we might see price kind of wander maybe down to this $1.78 level you could see this thing Wick $150 or or something like that as well uh if things get really bad and we start to see ICP drift down even more do

Something like this you know we could see you know this 11 Sub sub $11.50 level and we could see this thing test this lower trend line on a grander scale uh we can see I’m just going to get rid of some of this stuff so it’s not as big of an

Eyesore to look at uh but what we can see is that there is a trend line here so it wouldn’t surprise me if ICP uh came back down to this $11.50 level uh to say the least this seems like uh one of those levels right now ICP is testing uh this level of

Support and resistance in my opinion we can see ICP came up here clearly got rejected blew right past it um we suffered again couldn’t hold that support so now I think that price action could be coming down uh to check like this 7 $11.72 uh level in the grand scheme of

Things and like I said if we fall from there watch out for some of those other prices but ideally what I’d like to see is uh This Thing Really uh start taking off again uh and retest those $16 is levels but there is a lot folks to be

Kind of bearish about right now and I’m going to talk about this in just a second two of the biggest snakes in the grass that you could ever ever imagine got together today on NBC one of them’s name is Andrew Ras sorin I believe this man here was paid by Sam bankman freed

And all these other Bad actors to promote lots of fud around the internet computer launch the other one is Gary gendler man Gary Gensler is a here he has said that you know Bitcoin in this video he goes on to say that Bitcoin is only used for illegal

Activities but he also voted yes to approve the Bitcoin ETF three out of five of the SEC chair people uh basically voted yes Gary could have easily voted oted no and denied it so I find this very interesting and this of course if you are Wall Street you

Want these guys on your side you want them deep into your pockets and really what this does is they will plant the narrative in people’s minds out there that uh you know what bitcoin’s bad so they can accumulate as much as possible and that’s going to be The Narrative until

They’re ready to pump their pump their bags it just is what it is folks hope you guys enjoyed this check out the end screen for William Lauren singing along the ICP song uh we’ll catch you guys all in the next video Peace every block you made will of I be