CRYPTO JUST WON ITS BIGGEST LAWSUIT EVER! $1TRILLION! BIG NEWS!
This is against the usa, up with ever being the fourth largest cryptocurrency in the entire world, valued at 68 billion dollars. This takes an effect on the cryptocurrency price, a lot more than investors. Think, with all this, we will be going in depth how drone power overhead of the federal reserve in america has spoke on banning cryptocurrencies and what regulations the public should expect. With all of this, we will be going into that on all the brand new technical analysis for crypt days in general and covering some other brand new documents and charts lets get straight into it. I want to start the video by just saying, welcome to quarter four. We expect the biggest and largest volatility ever experienced in bitcoin and cryptocurrencies in general upcoming in the next few months. This is because we are coming into the final sector of this bull cycle, and this is where the biggest part of the move actually comes with every cryptocurrency looking green overnight, even though the fear and grood factor is suggesting more fear, we can come to the bitcoin Dominance – and it does suggest by being near the lowest point it ever has been in history, its suggesting other cryptocurrencies, such as the old coins, are about to perform much better straight after i show this technical analysis, i will go in depth on tether and how drawing Powder head, the federal reserve in america speaks on what america are going to do with regulating cryptocurrencies.
Currently, what i expect for bitcoin is to rally up to break this 53 000 point and i believe bitcoin can at least rally to 63 to 65 000. This means a brand new, all time highs for cryptocurrencies. With this, we have literally just experienced some major bullish movement, pushing bitcoin from 45 000, all the way to 47 000 in a matter of 30 minutes with this is broke out of istanbuls channel, and we see it has consolidated, showing support on this orange line, which Is actually the 100 day moving average? Now everyone knows the basics of the technical analysis and how its suggesting more bullish movement, some of the juicy news, would be the federal reserve and before i do show the federal reserve. I just want to speak on teva. We know teva is the largest stable coin in the entire world, or the fourth largest crypto valued at 68 billion us dollars, making it a vital peak, making it essential for investors to actually look at to really confirm if cryptocurrencies are going to be born. But to be more bullish and bearish and as tether has drop, scored a major legal win in the one trillion dollar market manipulation case. Remember: cryptocurrencies, remember! Every single cryptocurrency put together is only valued not even at two trillion dollars, so justice lawsuit is more than half the entire cryptocurrency market cap, and, to cite some of this, exactly stablecoin issuer tether affiliated with the cryptocurrency exchange bitfinex, have notched a legal win in the Major market manipulation case that has been dragging out for two years, a judge actually agreed with tavern and said they were not doing market manipulation, and this is one of the reasons were seeing.
Bitcoin experience such a volatile bullish movement because everyone is like. Finally, the fourth largest crypto in the entire world is not a big scam, so what we should expect tomorrow is this fear and greed factor to sort straight back to greed and more happiness are getting back in the crypto market before i do go in there from Some other important documents to do with etfs, with bitcoin and going in depth on brand new cbtcs. I want to show everyone, this video, which goes in depth on the federal reserve speaking on cryptocurrencies, and what regulations the public should expect and with all of this all cryptocurrencies going to get banned in america in the near future. It is all shown in this video its 38 seconds long straight after this. I have so many other important documents and charts to be going in so ill play. The clip right now is really worth just watching. A video throughout lets get straight into it. So, mr chairman, as a matter of policy, is it your intention to ban or limit the use of cryptocurrencies like were seeing in china? No and and i i immediately realized i had misspoken there. I didnt mean to take the word cryptocurrency out of that sentence and i would say fairly widely understood that central bank digital currencies could perform some of the some of the uh could make, but no intention to bans less, no intention, no attention to ban them, but Theyre you know the stable coins are are like money, market funds, theyre like bank deposits, but theyre to some extent outside the regulatory perimeter and its its appropriate that they be regulated same activity, same regulation.
So, mr chairman, as a matter of policy, is it your intention to ban or limit the use of cryptocurrencies like were seeing in china? No and and i i immediately realized i had misspoken there. I didnt mean to take the word cryptocurrency out of that sentence and i would say fairly widely understood that central bank digital currencies could perform some of the some of the uh could make, but no intention to bans less uh. No intention, no intention to ban them. But theyre you know, the stable coins are are like money, market funds, theyre like bank deposits but theyre to some extent outside the regulatory perimeter and its its appropriate that they be regulated same activity, same regulation. So pretty much. What a federal reserve would just say, theyre not going to just outright buying cryptocurrencies, i dont believe a word which comes out their mouth. What i do believe is theyre going to regulate cryptocurrency so heavily. It literally makes it impossible for us investors who buy, sell and trade easily. With this, they will heavily tax, cryptocurrencies and stable coin usage, because the us and other countries know they are major competitors to their current currency supply. However, with all of this people are in bitcoin, because it is decentralized and even though the power nations such as america may not outright buying cryptocurrencies but forced regulations upon them. Many other people just get into cryptocurrencies for the pure reasoning that they are inflation, hedges and they are decentralized and finite in supply.
Literally, as we have been speaking, bitcoin has been searching up in the last 30 minutes alone. Bitcoin went from 44 800. All the way up nearly to 48 thousand dollars. This is all good, because everyone is anticipating good news with with tether winning the lawsuit from drone power, the head of the federal reserve, saying they arent going to outright buying cryptocurrencies. Everything is just looking more bullish and bearish with this. Do not take this out of account, but central bank digital currencies are coming very soon and to cyprus, exactly the bank of england announces central bank, digital currency forum members, including representatives from asos paypal and even spotify. These huge firms are helping develop on send cbdcs, so they can be adopted and used and bridged around the entire globe, and even though this isnt a near future. What i want everyone to remember and take away from this video is: we have entered quarter four quarter. Four is where we expect the most bullish movement to come for bitcoin. This is partly why i believe were seeing such large volatile bullish movement, pushing crypto currencies up currently, as we speak, and i do think this can continue to push to brand new autumn highs with all of this very quickly. The ussc currently has 19 pending bitcoin etf applications, and this just means an etf. Its an exchange trade of funds, etfs are type of investment funds that compromise certain assets or baskets of assets and issue shares who price are paid to those assets if approved, ets would allow investors to get exposure to the bitcoin without actually having to hold the physical Cryptocurrency with actually without having to hold cryptocurrency and trade the product on a traditional stock exchange alongside other, more traditional finance products, once again, its just making it easier and more accessible for investors to get involved in cryptocurrencies to buy, sell and and just trade cryptocurrencies in General overall, everything is looking more bullish and bearish for cryptocurrencies.
Do not let this take you out the count when everyone is saying its extremely bearish, you do have to look at some bearish indications. Normally, what happens the market will do the complete opposite to what everyone is thinking of all of this, with all the indications weve shown, bitcoin does look more bullish and bearish.