White House Causes Low Volume | Doge & BTC Macro News | Dogecoin News

White House Causes Low Volume | Doge & BTC Macro News | Dogecoin News

Welcome Back YouTube so I wanted to point out a couple things that’s going on right now um if you’ve watched some of my more recent videos I mentioned that typically the top three things that can affect coin price would obviously be macro news uh a sell-off in BTC or a like a doge specific uh sell off or those specific new shock value something like that so right now we’re seeing something more on the macro end even though we’re not really seeing a selloff what we’re experiencing is lower volume because of the uncertainty and why is that that’s because today we got some interesting news as far as for how the White House is going to move forward at least the current Administration how they’re going to move forward dealing with crypto and pretty much we’re getting a strong no across the board when it comes down to um Financial firms being able to hold uh crypto right so you can find this on bitcoin magazine uh you you’ll see a couple articles uh Trump just recently said he’s fine with crypto uh literally about 20 minutes ago and that um if you pretty much if you want crypto to go through you know vote Trump um Biden uh or the current Administration they’re the ones that’s uh pretty much rejecting or leading the rejection for um the institutions meaning like black rock or like a Vanguard or something like that being able to hold custody of like a Bitcoin or whatever coins that they really want they’re not going to be able to hold and I imagine um they’re probably going to take the angle for um keeping it with like a brokerage or much denying them brokerage license and you saying that okay well you’re going to have to kind of keep it separate so that you’re not going you’re not going to have like a black rock uh brokerage or something that’s going to have the equivalent to get like the license of something like a Robin Hood so they can do stocks and crypto so it looks like they’re trying to uh kind of keep that separate um I have a video um that I’m working on it’s going to be a much longer video but I I have some some theories as to why this is happening but I’ll I’ll save that for later but uh the biggest thing that we’ve seen this here is a few hours ago it says legislation that would overturn the SEC rule preventing highly regulated Financial firms from custodian Bitcoin and crypto passes the house right so internet shell this is going to send shock waves or have shock value in the community now it it hasn’t been enough to create a panic or a selloff but it has been enough to kind of pump the brakes on anything so that’s why we’re experienc in very low volume here um across the board now do I believe this I know someone’s going to ask do I believe this is going to stop the bull run or um cause like a a crash and send Bitcoin below 20,000 and send Doge back to 6 Cent all that kind of stuff no that wasn’t none of the Cycles have depended on um institutions being able to hold crypto and obviously that’s a big factor as far as for um them buying in and and incre and decreasing the overall Supply yes absolutely that can help but thus far that hasn’t been a major uh Factor here and obviously institutional money coming into the market is a good thing just because of the the sheer volume but even prior it to this and even in 2020 that wasn’t the case as far as for them trying to necessarily get like an ETF or um being able to hold crypto make money off of exchange fees all that good stuff um that wasn’t something that was going on they were simply investing to make money and and they’ll continue to do so obviously uh being able to hold crypto uh conduct business with via ETFs or have uh Futures all that kind of good stuff and being able to hold the asset obviously that puts them in a their their hand in a much stronger position but I don’t necessarily believe that’s going to force them to exit the market they’re like okay fine we’re not going to deal with crypto anymore I don’t think that’s going to happen as a matter of fact the highly doubt it even with the amount of coins that these institutions have already purchased that they already owned so so um I just think that more so right now what we’re seeing is kind of like some Shock value so you’re seeing kind of like this sideways movement and this stagnant movement but overall it’s not like that’s going to prevent the bull run or something like that and this is one of the things where I it’s very important to know the length of the cycle and so that we are not getting caught up in like shortterm data and applying it and saying oh this is causing you know Panic or I saying oh the bull runs over or something like that this is the importance of having an 18mon bull run because there’s going to be many things coming out right now especially with the number of retailers coming into these coins the number of the amount of money that’s on the line with institutional involvement coming into this coin and then now we have um the current Administration putting resistance against the uh the crypto market so all these things kind of play in there and you’re going to have things shuffling around and and it’s going to send the market up and down um based off of what’s being said in in the time frame that we have um because we have around 5.21 million w now I don’t know if you guys saw that 82% are in profit so this is what I meant by the wallets are growing month over month which is really a good thing uh the Doge Community is growing but I wanted to point out the volume that we’re seeing here so for Bitcoin last 24 hours we’re looking at around 25 billion right for uh for volume and this is what I was saying earlier on X I was saying that overall this isn’t something that we’re see it’s not like we’re seeing experiencing an actual sell off or something we’re talking about just a slight push down here over the last 24 hours on the 7 Day most of the coins are green including those they is still up 14. 84% on the one hour most of the coins are green it’s just the last 24 hours some of them have gotten hit uh do is going to hit 3.44% uh salana 3.08 tether 03 um ethereum .91 and Bitcoin uh 1.60 but overall it’s the volume that what we’re seeing is kind of being being low CU right now you see that doge is barely over a billion in um in in volume here for the last 24 hours so uh the volume is certainly in the next coin here look look at the difference here in volume right so look at the number eight which is Dogecoin right one billion 1.1 billion right look at this drop here from number nine 28 million right look at cardano 515 million 42 million sha 397 like there I’m talking like volume across the board is flatlining for for today so well I know some of these numbers still seem huge but for the overall for where we are in the cycle and for what’s going on typically the volume is a lot higher so this is what I mean by when you have shock value on certain on certain days when news comes out whether that be from macros and stuff like that you’re going to see like that shock value take effect in the overall market and it’ll appear it’ll cause like the the coins to go sideways or go down they’re like oh my God is it about the tank and and based off of the last few weeks people especially coming off of a rally people say oh my God is it going to dip back down to 12 cent and something and uh kind of cause like somewhat of a panic even though the market is uh pretty much holding steady here and we’re just kind of seeing some Shock value um overall so keep in mind that we’re going to see um ups and down and and and thinking that’s going to be separate and really different from previous runs is the fact that this is an election year now typically speaking um and again I’m not going to try to turn this into a political video but typically speaking the market has to do good if the current Administration wants to get re-elected especially around election time you can’t have the market uh in a free fall and expect to get reelected that typically does not happen and it’s very bad for the current Administration so I do expect their the markets both markets not just crypto I I expect crypto and the stock market to be performing well around later this year and I think that one of the things that we the community has to kind of brace for is the volatility that’s going to be coming there because crypto is going to be a discussion like during the debates crypto is going to be a discussion what’s being said about crypto during those debates are is certainly going to be affecting price based off of people based off of who’s winning and leading in the polls of that time people are going to try and position themselves ahead of time based off of what the polls are seeing and what’s being said specifically related to crypto so just kind of prepare for that that we’re going to be seeing some swings here uh later this year now and it also kind of gives you the idea of and when you say the crypto Bull Run is 18 months and you can say okay well the we’ll start to get we’ll start to ascend in the peak Bull Run um maybe buy later this year and if it’ll repeat like the 2016 or 2020 um that’ll head over in 2025 and that’s when we’ll actually Peak because at outside of that point the the reason that you can kind of align that with history is you’ll know who the next president’s going to be what the next Administration is going to look like and whether or not they’re going to favor crypto so that will play a big part into that because let’s say you know Trump is saying he’s very Pro crypto right now it’s not going to have an issue with it let’s just say that there is an opportunity for uh uh him to win and then he does win and you know he’s becomes the president elect and start so starting January February we’re going to start to see crypto kind of trend with a similar pattern with 2020 and 2016 people are going to say okay well we believe that now all these institutions um Black Rock Vanguard they’re going to be able to hold crypto we’re going to get the Futures we’re going to get all that kind of good stuff so you’ll see more aggression and more bullishness overall in the market so um let’s kind of keep that in in uh in perspective there going forward because it certainly will play a big a big effect on a price action and the volatility that we’re going to see but just kind of brace yourself for later on in the year um so right now let’s go to where we are now right now we’re at around the 14 so this is what I was talking about the the other day when I was saying that if in the event we have the 14 cross the 72 to the upside I don’t know when that’ll be um because obviously there’s a space here here will keep track of that that’s what can cause if we’re having a repeat of that previous level that’s what can send us to around that um that 45 Cent Mark that 39 to 45 Cent Mark as that if as that gets closer because I do believe obviously the 14 across the 72 at some point um as I get closer we’ll chart that but U that’s just something to kind of look for in the future to see where that cross is going to be because even if we consolidate around the 15 that just means that the 72 is going to start to curve closer down here you don’t know exactly where that cross is going to be just yet just because there’s a bigger um Divergence here overall let’s see if the yeah shorts have been coming out so that that let you know right there there’s not confidence everything’s Flatline so even the shorts for the day uh they’re either coming out or they’re being very subtle so right now nobody knows what to expect here with this news so you’re seeing the Flatline in shorts that’s matching the volume but overall again this isn’t the like an end all be all it’s just some macro news coming out there’s going to be plenty of macro news this election year so it’s not a reason to um Panic or start trying to call the top in any crypto not just Doge Bitcoin ethereum whatever it’s not a reason to start trying to call the top um because we are nowhere near finish as far as we’re in this cycle there’s a lot of other factors that are out there and we have a lot more time in this uh space historically to uh get into the run so it’s still very premature and very uh early to start seeing uh things are like uh the calling a top or saying the run is over or we’re about to consolidate um 80% from here and all that kind of good stuff so uh just kind of keep that in mind what’s going on and kind of keep your ear to the ground because this is going to be crypto is going to be a Hot Topic this year and you know kind of look out for those three things if you’re not uh very Savvy and keeping up with all the information I know it comes L quickly you can uh attribute it most depths or I’ll say divergences in the price action based off of those three things which is going to be a Bitcoin selloff macro news or something specific to Doge U like Elon Catalyst Doge whale selling um you know X payment something like that that’s going to affect do specifically but typically you can categorize any major price movement into those three categories so hope that shed some light hope that uh kind of clears some things up as far as what’s going on let me know your thoughts in the comment section if you found value please consider subscribing we are still going to beat Bitcoin to 100,000 $100,000 by getting 100,000 subscribers first so if you can help with that I greatly appreciate it thank you and I’ll see you guys in the next video [Music] [Music] TR

#doge #dogecoinnewstoday
Twitter: @jrdavidmitchell

MooMoo: Get 15 free Stocks & 5.1% Interest https://j.moomoo.com/00fMbb

Nano X Crypto Hardware Wallet &
Ledger Nano S Crypto Hardware Wallet https://shop.ledger.com/?r=01f1d3f5672a

**The contents on this site are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice. … By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.

If you found any value in this video, please like the video and consider being a part of the community as I push for 100k Subscribers by December 2023.

/ davidmitchell. .

This post contains affiliate links. If you use these links to buy something we may earn a commission. Thanks.

#doge #$1doge #dogecoinnewstoday $2Dollar Doge