LATEST CRYPTO NEWS! THE RECOVERY BEGINS!

LATEST CRYPTO NEWS! THE RECOVERY BEGINS!

hey let’s talk about the recovery that
crypto has started to make after the
very tumultuous last 72 hours or so
where we’ve seen crypto and I’m really
talking about this number lose north
of ah you know two 300 billion as far as
how much money has left the crypto
Market uh we’re up right now as of
recording this video up 2% quite a bit
to tell you in this video as always
thanks for giving me a few minutes of
your time and so please hit that like
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so you can see like on the 7 day it’s
really what I want what I want to focus
you right now Bitcoin gave up eight
points ethereum gave up four BNB 7
salana 6 Dogecoin 12 ton six so forth
and so on uh sheu up 8.5 we’ve had some
outliers like tron’s being up
6% uh you know but for the most part
everything is been in of dramatically in
the red right and so obviously what
what’s what’s trans inspired here is we
had the roller coaster ride leading into
the Federal Reserve decision on what
they were going to do with interest rate
this went down yesterday afternoon uh
they have made the decision to leave the
interest rate alone but they the
messaging around it was more of the same
right that we are going to probably have
higher interest rates for a higher
amount of time or longer amount of time
rather uh and that was the message and
so the stock market reacted fairly well
to that it was up dramatically I don’t
know where it ended on the day well in
fact we could kind of take a look at
well we’re going to be in the it’s going
to be showing the Futures right now so
the Futures are up 118 is the is the on
the Dow uh you guys can’t see that yeah
let me move the picture of me uh sorry
about that so uh they moved this little
uh table over to the right used to be in
the middle um so the Dow’s up 118 uh you
can see the nasdaq’s up uh 52 or down 52
rather sorry okay so we’ll continue to
see how this plays out uh you know with
the rest of the market kind of what’s
going to happen what’s what what’s going
to transpire I’m sorry there it is the
Dow’s up 194 and the nasdaq’s up 15 53 I
thought I refreshed the screen but I
didn’t so Jay you know pal won’t won’t
give into the Market’s biggest fear um
again we continue to see the fear around
potential rate hikes uh we just you know
I think that’s going to be so what does
it come down to it comes down to
uncertainty right and so altcoins have
started bouncing back as of you know
this morning and you can see on the
24hour look on the 24hour you can see
dramatic movement back ethereum up two
um salana up 10 and you xrp up five
Dogecoin up four and a half so you can
see money’s flowing back in shenu is up
7.6 uh tron’s up three you know polka
dot 7 Bitcoin cash four chain link
almost five and so forth right so but
another thing I need to make you aware
of and that is this phenomenon and I’m
assuming you know this if you’ve been in
crypto for any amount of time there is
this scenario sell in May and go away
the seasonality of
crypto Returns the summer months between
June and September have historically
brought significantly lower investor
returns than other months over the year
now this is true uh I have been here a
long time and been doing this uh
specifically YouTube crypto three years
and I can tell you this may
not historically a very good month for
crypto and June and July flat right and
there is that there is this this to me
is really is really telling sell and May
and go away and that there’s a lot of
Truth in that and so you have that and
then you also have in in conjunction
with that a scenario where we’ve got the
post Bitcoin having um season and
historically post Bitcoin
Trend as well for the net effect
is consolidation not doing a lot and
I’ve said this in previous videos don’t
shoot the messenger that’s where we’re
at that’s historically based in fact
what we will probably be seeing as we
continue to roll along uh in the next
couple of months okay so the altcoins
have started recovering a little bit
kind of coming back gaining some of
their losses but we’re going to see this
volatility a little bit up a little bit
down but at the end of the day probably
really consolidation for most of crypto
for the next couple of months okay so
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your time bye

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