LATEST CRYPTO NEWS! WHY CRYPTO IS DOWN TODAY AND WHAT YOU CAN DO TO PROTECT YOURSELF!
Summary
TLDRIn this video, Austin discusses the current downturn in the crypto market, with a market cap drop to $2.38 trillion, down 2%. He attributes the decline to macroeconomic factors and Federal Reserve policies, particularly regarding inflation and interest rates. Despite Bitcoin's drop to around $65,000, Austin advises viewers to stay calm and not let emotions dictate their actions, emphasizing that this volatility was expected and part of the market's natural cycle. He predicts Bitcoin could reach $60,000 but will likely fluctuate between $60,000 and $70,000, suggesting a strategic approach to navigating these market conditions.
Takeaways
- 📉 Crypto market is down, with market capitalization at $2.38 trillion, a 2% drop from $2.5 trillion.
- 🔻 Bitcoin is now in the $65,000 range, and it might drop below $65,000 soon.
- 💼 The ongoing narrative for the market downturn is due to macroeconomic factors and Federal Reserve policies.
- 🏦 Inflation and Federal Reserve's decisions on interest rates continue to impact the crypto market negatively.
- 📊 The market has experienced a 20% drop in crypto market capitalization recently.
- 🕒 Historically, the market tends to struggle for five to six months after a Bitcoin halving, and we're in the middle of that period.
- 📅 August is expected to show improvement, with better times anticipated in September and October.
- 💡 Advice: Don't panic, stick to your plan, and avoid making emotional decisions.
- 🔒 If you have long positions, understand that temporary losses are part of the market cycle.
- 🌐 Invest in blue-chip cryptocurrencies and meme coins with a long-term perspective.
Q & A
What is the current state of the cryptocurrency market according to the video?
-The cryptocurrency market is currently experiencing a downturn, with the market capitalization at around 2 trillion 380 billion, down 2% from a few days prior when it was over 2 trillion 500 billion.
What is the role of the Federal Reserve in the current state of the crypto market?
-The Federal Reserve's policies, particularly regarding interest rates and inflation, are significant factors contributing to the downward trend in the crypto market.
What does the speaker predict for the crypto market in the coming months?
-The speaker predicts that the market may dip further into the 2 trillion 100 billion range and that the situation will start to improve after August, with September and October being particularly promising.
What advice does the speaker give to those who are worried about the current state of the crypto market?
-The speaker advises not to panic and to stick to one's investment plan, acknowledging that the current volatility was expected and is part of the market cycle.
What is the speaker's view on Bitcoin's potential price movement?
-The speaker believes that Bitcoin could drop to 60,000 and then fluctuate between 60,000 and 70,000, with the current price being in the middle of that range.
What historical pattern is mentioned in the video that might affect the crypto market?
-The historical pattern mentioned is the post-Bitcoin halving effect, which typically sees a market downturn about five to six months after the event, which happened in April.
What is the speaker's strategy for dealing with the current market conditions?
-The speaker's strategy includes having a plan, not letting emotions drive decisions, and diversifying the portfolio with blue-chip cryptocurrencies.
What does the speaker suggest doing during the current market downturn?
-The speaker suggests taking the time to step away from crypto and focus on other activities, while staying aware that the current downturn is part of the expected market cycle.
What is the significance of the consumer price index (CPI) report mentioned in the video?
-The CPI report is significant as it provides insights into inflation, which is a key factor influencing the Federal Reserve's policies and, by extension, the crypto market.
What is the speaker's opinion on the role of macroeconomic data in the crypto market's performance?
-The speaker believes that macroeconomic data and Federal Reserve policies are the ongoing narrative and main reasons for the crypto market's performance.
What is the speaker's view on meme coins and their potential future performance?
-The speaker is not worried about meme coins despite their current downturn, as they believe these coins will recover and go back up based on fundamental market beliefs.
Outlines
📉 Crypto Market Downturn Analysis
In this video, the host, Austin, addresses the current decline in the cryptocurrency market, offering specific reasons for the downturn. He begins by thanking viewers for their time and encouraging engagement through likes and subscriptions. Austin discusses the market capitalization, noting a drop to $2.38 trillion, a 2% decrease, and a significant loss of market value compared to recent days. He emphasizes that while Bitcoin has fallen to the $65,000 range, he is not overly concerned, as this trend has been anticipated for months. Austin attributes the decline to macroeconomic factors and Federal Reserve policies, particularly concerning inflation and interest rates. He predicts further dips but reassures viewers that this is part of the expected market cycle, advising them not to panic and to stick to their investment plans.
🤔 Maintaining Perspective Amidst Crypto Volatility
The second paragraph continues the discussion on the crypto market's volatility, with Austin expressing confidence in his investment strategy despite the downturn. He reassures viewers that he is not worried about his holdings, which include a variety of blue-chip cryptocurrencies like Bitcoin, Ethereum, Cardano, and others. Austin emphasizes the importance of having a plan and not letting emotions dictate investment decisions. He acknowledges the expected nature of this volatility and advises viewers to stay the course, suggesting that the market will recover and that current challenges are temporary. The host concludes by encouraging viewers to stay informed and make money, promising to see them in the next video.
Mindmap
Keywords
💡crypto
💡market capitalization
💡Bitcoin
💡Federal Reserve
💡inflation
💡CPI
💡interest rate
💡Bitcoin halving
💡volatility
💡meme coins
💡portfolio
Highlights
Introduction to the video discussing the reasons behind the decline in cryptocurrency prices.
Request for viewers to like and subscribe to the channel for daily crypto updates.
Current market capitalization of cryptocurrencies is at 2 trillion 380 billion, down 2%.
Market capitalization has dropped from over 2.5 trillion, indicating a significant market loss.
Bitcoin is currently in the 65,000 range, with a potential to drop below this mark.
The presenter is not worried about the current market downturn, as it was expected.
A 20% drop in the crypto market has occurred, with hundreds of billions of dollars leaving the market.
Macroeconomic data and Federal Reserve policies are the ongoing reasons for the crypto market decline.
Inflation concerns and Federal Reserve's interest rate decisions are impacting the market.
Despite positive CPI news, the Federal Reserve is not reducing interest rates, affecting the market.
Expectations of a potential dip in market capitalization to around 2 trillion 100 billion.
Historical patterns with Bitcoin halvings and their impact on market performance over time.
The presenter's belief that the market will start to improve after the summer months.
Advice for viewers to not panic and to stick to their investment plans despite market volatility.
The presenter's personal stance on holding long positions and not being affected by short-term volatility.
Recommendation to diversify investments and not let emotions drive investment decisions.
Closing remarks encouraging viewers to stay informed and make money in the crypto market.
Transcripts
hey welcome back to the channel so let's
talk about why crypto is down what's
going on I'm going to give you the exact
reasons here in this video as always
thanks for giving me a few minutes of
your time so do two things for me please
would you hit that like button below and
please hit that subscribe button below
if you haven't already done so I cover
crypto every single day my name is
Austin with two goals keep you updated
and help you make more money in this
crazy crypto market look this continues
to be the ongoing narrative that we have
right now where crypto is just kind of
gradually moving down and I'm talking
about this number right here the market
capitalization right now we're at 2 tril
380 billion in change we're down 2%
right now just you know four five six
days ago we were north of 2 trilli 500
billion so we've had hundreds of
billions of dollars in market
capitalization leave the market okay so
what's going on we're going to jump into
that I mean we got crypto uh down as I
said we got Bitcoin now down in that
65,000 range in fact I haven't looked at
where its 24-hour low is yet so right
now we're our 24 our low is
65,8 so it's very possible in fact I
think it'll happen that we'll see
Bitcoin drop below 65,000 am I worried
do I think that this is the skies
falling kind of thing scenario
absolutely not I mean bottom line I've
been talking about this on my channel
for months and months this is the
expectation we we've been we've known
that this is going to happen and kind of
what's going on look crypto Market's
down Bitcoin down five plus percent
we've had a 20% crypto Market drop
that's the one that I just told you
about where we see we where we saw you
know um you know basically a couple
hundred billion leave that number the
entire crypto market capitalization
right okay uh so really what's going on
well it it has to do with that same
quite honestly very tired narrative and
and storyline that I'm tired of talking
about I'm sure that you're tired of
hearing about it is that we we have the
uh inflation thing still playing out the
Federal Reserve what's they what are
they going to do their policies things
of that nature
um you know and we and we get continue
to get even though we've got gotten some
good news on the
CPI um you know the the consumer price
index report still is not enough to
write the proverbial ship the fomc the
Federal Reserve continues to not uh want
to reduce the interest rate the core you
know the basis interest rate so we have
that so really it's it's this you know
why is crypto down it's macroeconomic
data and Federal Reserve policies
continuing to be the ongoing narrative
continuing to be the reason that we're
seeing crypto move down the reason that
we're seeing these these prices move and
and I you know guys I don't I would
expect that we might we might dip down
into two trillion 100 billion and change
it's entirely possible because remember
I've always said this we got you know
we've got June so we're at June 17th
right now we got June July to get
through August I think will start to
taper off and start to get better and
then we got that September October when
you know that's the good times when they
begin Okay so we've got a lot of things
at play also historically we know
because of um you know historically with
the Bitcoin Habs the previous ones we've
got that at play here as well so there
you know there's that that five to six
time five to six month time frame after
a Bitcoin having rolling you know that
we see uh bad times if you will or when
the market moves down after Bitcoin
having we're in the heart of that so you
know that the five or six month time
frame after the Bitcoin having the
having happened in April September
October okay so all of these factors are
adding up to the fact of hey this is
where we're at right now so you need to
kind of understand that this this is
going to be a a theme a narrative that
we're going to continue to see play out
in all of crypto I think we could see
Bitcoin go to 60,000 and I've said this
before I think that we'll see Bitcoin
Channel between that 60,000 that 70,000
right now we're at 65 we're right in the
middle of that and all of by the way
when I and then everything else kind of
follows suit okay you get a few outliers
like xrp is at 4.6% but everything else
obviously is dramatically in the red and
I think this is where we're going to be
okay for all of the reasons I've
explained and outlined in this video
okay so again I just wanted to kind of
come to you and have let the you know
let you know that's what's going on if
you're figuring it out what can you do
to protect yourself number one don't
freak out don't let your emotions take
over don't start you know thinking oh my
God the sky is falling and the ship's on
fire and I got to go jump off the ship
into the middle of the ocean and drown
don't do that you know stick to your
plan know that this is the expectation
know that this is where the market is at
right now and and quite frankly get away
from crypto go do something else you
know your your portfolio might take a
little bit of hit if you have long
positions right now then that's fine
okay you know it is what it is I mean
I've got long positions that I'm doing
fine on but I also knew that this was
going to be kind of the rough Water
season you know and so you know I I did
buy some meme coins last week they're
down a little bit but I'm not I'm not
worried about them because they're going
to go back up okay I believe
fundamentally in in where we're at in
these markets and I own again all the
Blue Chips I own Bitcoin ethereum
cardano you know all of them polygon you
know polka dot you name them I I own xrp
I own all of those okay and I'm not and
I'm not worried because I have a plan
and I'm not going to let my emotions
take over I have a plan and I'm okay
with that and I know that this
volatility period was a expected and
we're in the middle of it and it's
actually doing exactly what we thought
it would do okay so that's all I have
with that go make some money I'll see
you thanks for giving me a few minutes
see you
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