Crypto Update
Introduction
Welcome to an update on the crypto market. In this video by MoneyZG titled “CRYPTO: COMPLETE DISASTER,” the host provides insights on the current state of the crypto market. The video covers various timestamps, including 0:00 (Crypto update), 0:43 (Bitcoin), 3:15 (Liquidity), 5:26 (Jobs), and 7:40 (Fed). Additionally, the video offers tutorials on platforms such as Bybit, Binance, Bitget, and Apex DeX.
Grayscale Case and ETFs
Positive news for Bitcoin emerged as Grayscale won a case against the SEC. However, there is uncertainty regarding when the SEC will approve ETFs. Although the ETF news may not have a significant short-term impact on prices, volatility can be expected around the SEC’s decision dates.
Current Bitcoin Price Movement and Market Phase
Currently, Bitcoin’s price movement is in the accumulation phase. Despite the positive news, the price did not surge as expected, indicating that we are still in a choppy trade phase. The video suggests that this year’s performance, with a 60% increase in value since January, is remarkable considering the economic weakness and job market conditions.
Factors Affecting Bitcoin’s Price
Global net liquidity and jobs data play a critical role in determining Bitcoin’s price. Economic weakness and job market conditions can impact the demand for Bitcoin. Currently, net liquidity and the Fed’s balance sheet remain restrictive for BTC due to quantitative tightening. Central bank policy may not change for a while, keeping Bitcoin in a choppy trade phase.
Future Outlook and Trading Opportunities
Looking ahead, traders can anticipate a new narrative and trading opportunities with the next Bitcoin halving event. It is recommended to check out BuyBit for deposit bonuses and trading opportunities. However, until there are changes in central bank policies and economic conditions, the Bitcoin price is likely to remain within its current range.
Remember, this video is for entertainment purposes only and not financial advice. Please exercise caution and do your research before making any investment decisions.
Bitcoin
Bitcoin’s recent price action may seem like a complete disaster, despite the positive news of Grayscale winning the case against the SEC. The market reaction suggests a “sell the news” event, leading to a reversal back to previous levels. However, to understand this price movement, it’s important to consider factors such as global net liquidity and jobs data, which drive Bitcoin’s price.
In terms of net liquidity, central banks play a crucial role in injecting or withdrawing liquidity from the banking system. This impacts the price of Bitcoin, as seen in the correlation between global net liquidity and Bitcoin’s price. Currently, economic weakness and job market conditions are not favorable for Bitcoin, as these factors affect the demand for BTC and investors’ ability to demand higher wages.
Furthermore, the Federal Reserve’s balance sheet, which reflects their quantitative tightening policy, remains restrictive for Bitcoin. As long as global policy continues to tighten, Bitcoin’s price may remain in a choppy trade phase.
Considering these factors, it is unlikely that the news regarding ETFs will have a significant short-term impact on Bitcoin’s price. However, traders can still find opportunities within the current range and should closely monitor the SEC’s decision dates for potential volatility.
Looking ahead, the next Bitcoin halving event may bring new narratives and trading opportunities. Traders can also explore platforms like BuyBit, which offer deposit bonuses and trading opportunities.
While Bitcoin’s recent price action may seem like a disaster, understanding the factors driving its price, such as global net liquidity, job market conditions, and central bank policies, can provide valuable insights for traders navigating the current market.
Liquidity
The current state of liquidity in the crypto market is a significant factor affecting Bitcoin’s price. In this market update, we’ll explore the correlation between global net liquidity, job market conditions, and Bitcoin’s price movement, shedding light on why the recent news of Grayscale winning a case against the SEC did not result in a significant price increase.
Global Net Liquidity
Global net liquidity, which is influenced by central banks injecting or withdrawing liquidity from the banking system, has a direct impact on Bitcoin’s price. Historical data shows that when net liquidity rises, Bitcoin price follows suit, and when it falls, Bitcoin’s price also decreases. This correlation suggests that economic weakness, job market conditions, and tightening central bank policies can restrict Bitcoin’s price growth.
Jobs Data
The current state of the job market also plays a crucial role in Bitcoin’s price movement. The Federal Reserve closely monitors supply and demand within wages, aiming to control inflation. By weakening the job market and suppressing wage demands, the central bank can manage inflationary pressures. However, the weakening job openings and low unemployment rate indicate that central bank policy is unlikely to change soon, keeping Bitcoin in an accumulation phase.
Fed’s Balance Sheet
The Federal Reserve’s balance sheet is another factor impacting liquidity. Quantitative tightening, the process of reducing the balance sheet, is currently happening. This restricts global policy and reduces liquidity in the market. The absence of quantitative easing and the continuation of quantitative tightening contribute to Bitcoin’s current accumulation phase.
Jobs
The Importance of Jobs Data
In analyzing the current state of the crypto market, it is essential to consider the role of jobs data. The Federal Reserve (Fed) pays close attention to supply and demand within wages, with the goal of controlling inflation. By manipulating the job market, the Fed aims to ensure that wage growth remains stagnant, as rising wages could lead to inflationary pressures.
Weakness in the Job Market
Unfortunately, recent data indicates weakness in job openings, which is not favorable for asset prices like Bitcoin. As the job market weakens, the retail investor, who is often the marginal buyer of Bitcoin, may face difficulty investing in cryptocurrencies. While this weakness in jobs data may affect short-term market sentiment, it does not yet indicate a shift in Fed policy.
Central Bank Intervention
During an economic cycle, employment tends to be the last factor to deteriorate. Therefore, it is crucial to monitor the unemployment rate, which currently remains low. Until unemployment spikes and central bank policy flips, Bitcoin is likely to remain in this accumulation phase, known as purgatory, before the expansion phase.
The Fed’s balance sheet also influences global net liquidity, impacting Bitcoin prices. Currently, quantitative tightening is being implemented, where the Fed reduces its balance sheet by purchasing fewer bonds from banks. This tightening restricts global policy and hampers net liquidity growth.
Jobs data and the Fed’s balance sheet are important factors that can impact the price of Bitcoin. Currently, weakness in the job market and ongoing quantitative tightening suggest that Bitcoin may continue to experience volatility and a choppy trading range. These factors, along with the uncertainty surrounding SEC approval of ETFs, contribute to the current state of the crypto market.
Fed
The Federal Reserve (Fed) plays a crucial role in shaping the global economy and, consequently, the cryptocurrency market. To understand Bitcoin’s price movement, it is essential to look at the central bank’s policies and its impact on liquidity. Currently, the net liquidity and the Fed’s balance sheet are restrictive for BTC.
Quantitative tightening, a process where central banks reduce their balance sheets, is still underway. This tightening limits global policy and affects BTC’s price. However, the Fed’s balance sheet and quantitative easing can potentially inject liquidity into the market, driving BTC’s price up.
Economic weakness and job market conditions are also significant factors influencing BTC’s price. As the job market weakens and unemployment rates rise, it may lead to a shift in central bank policies. This potential flip in policy could be bullish for BTC, but we are not there yet.
The current stage of the Bitcoin cycle is the accumulation phase. While recent positive news, such as Grayscale winning the case against the SEC, may have resulted in a sell the news event, the market is still in a consolidation period. BTC’s price has remained within a range, signaling that we are not in the expansion phase yet.
Although the ETF news may not have an immediate impact on prices, it is important to keep an eye on the SEC’s decision dates as they could cause volatility in the market. Furthermore, central bank policy changes may take time, keeping BTC in a choppy trading phase for the foreseeable future. It is worth noting that the next Bitcoin halving event may bring new narratives and trading opportunities in the future.
Check out BuyBit for deposit bonuses and potential trading opportunities.
Disclaimer: This article is for entertainment purposes only and not financial advice. All trading involves risk.
Tutorial Videos
Bybit:
• Bybit Tutorial for Beginners (How to…)
Binance:
• Binance Tutorial for Beginners 2023 (…
Bitget:
• Bitget Tutorial for Beginners (Trade …)
Apex DeX:
• ApeX Exchange Tutorial (How to Trade …)
If you’re new to the crypto market or looking to expand your knowledge, these tutorial videos provided by MoneyZG can be a great resource. Each video focuses on a different platform and provides step-by-step instructions on how to navigate and trade. Whether you’re interested in Bybit, Binance, Bitget, or Apex DeX, these videos cover all the basics to help you get started.
It’s important to note that while these videos are informative, they should be viewed for entertainment purposes only and not as financial advice. Trading in the crypto market carries risks, and it’s essential to do your own research before making any investment decisions.
Additionally, please be aware that there may be affiliate commission or referrals included in the provided links. MoneyZG is part of an affiliate network and receives compensation from partnering websites.
Disclaimer
Important Information Regarding the Article
Before we proceed, it is essential to note that the information provided in this article is for entertainment purposes only. It is not financial advice, and I do not endorse any specific product, provider, or service mentioned in the article.
Affiliate Commission and Referrals
Please be aware that the links included in the article may generate affiliate commission or referrals. As part of an affiliate network, I receive compensation from partnering websites. However, this does not affect the objectivity and integrity of the information provided.
Grayscale’s Victory Against SEC
Grayscale’s recent victory in a case against the SEC is positive news for Bitcoin. This development supports the potential approval of Bitcoin ETFs, which could have a significant impact on the market. However, it is uncertain when the SEC will approve such ETFs.
Current Bitcoin Price Movement
Currently, Bitcoin is in the accumulation phase. Despite the positive news, the price remains within a specific range, indicating a lack of significant upward movement. It is important to consider global net liquidity and jobs data, as they are crucial factors affecting Bitcoin’s price.
Impact of Economic Weakness and Job Market Conditions
Economic weakness and the job market environment can influence Bitcoin’s price. The current state of the economy, where rates are still high and the job market is weakening, does not bode well for BTC in the short term.
Restrictive Factors for BTC
Net liquidity and the Federal Reserve’s balance sheet, which is currently experiencing quantitative tightening, are restrictive for Bitcoin. This tightening of global policy restricts central bank intervention, impacting BTC’s price movement.
The Significance of ETF News
Although the approval of ETFs by the SEC may not have an immediate significant impact on prices, there could be volatility around the decision dates. It is important to monitor developments and any potential changes in central bank policy, as this could create trading opportunities.
Looking Ahead
BTC’s current phase is characterized by choppiness and sideways movement. The next Bitcoin halving event may introduce a new narrative and present trading opportunities. Traders can explore platforms like BuyBit, which offer deposit bonuses and trading opportunities.
Grayscale vs SEC
The Positive News for Bitcoin
In the latest update on the crypto market, MoneyZG’s video titled “CRYPTO: COMPLETE DISASTER” highlights an important development: Grayscale has won a case against the SEC. This news is a significant positive for Bitcoin. The court ruling deems the SEC’s practice of allowing futures ETFs while denying spot ETFs as absurd. Although the SEC may appeal or find other reasons to deny spot ETFs, it is safe to assume that the ETFs will eventually be approved, likely in the coming year.
Despite the positive news, the crypto market has experienced a flatline, with Bitcoin’s price failing to reach new highs. The current price action is a reflection of the market being in the accumulation phase. The Bitcoin price is hovering in the middle of the range, neither oversold nor overbought. It is crucial to recognize that the market is not in the expansion phase yet. This explains the lack of a significant price increase following the Grayscale news.
Global Net Liquidity and Jobs Data
To understand the factors influencing Bitcoin’s price, it is essential to consider global net liquidity and jobs data. Global net liquidity, driven by central banks injecting or pulling out liquidity from the banking system, is intertwined with BTC. When net liquidity rises, the Bitcoin price tends to rise as well, and vice versa. Economic weakness plays a significant role in determining net liquidity. Currently, economic weakness and a loosening job market are contributing to a decline in net liquidity, which negatively impacts Bitcoin’s price. The inflection point for Bitcoin’s price is when economic weakness reaches a point where central banks need to inject liquidity, driving BTC’s price up.
The Impact of Central Bank Policy
Another critical factor impacting Bitcoin’s price is central bank policy. Currently, central banks are tightening policy, keeping interest rates high, and preventing liquidity injections. As quantitative tightening continues, global policy remains restrictive, hindering BTC’s price growth. However, the situation is expected to change in the future as economic weakness becomes politically untenable. Central banks will eventually flip their policy, leading to more liquidity injections and bullish conditions for Bitcoin.
Short-Term Impact of ETFs and Volatility
While the approval of ETFs by the SEC is anticipated, its immediate impact on Bitcoin’s price may not be significant. The market has already priced in this development, as evident from the “sell the news” event. However, volatility may still arise around the SEC’s decision dates, and traders should remain cautious during these periods.
The Choppy Trade Phase and Future Opportunities
Currently, Bitcoin is in a choppy trade phase and may not experience significant price movements until Central Bank policy changes. The next key event that could bring new narratives and trading opportunities is the Bitcoin halving. Traders looking for opportunities can check out BuyBit for deposit bonuses and trading offers.
Remember, the information in the video is for entertainment purposes only and not financial advice. Always exercise caution when investing in the crypto market.
Disclaimer: I am a part of an affiliate network and receive compensation from partnering websites. The provided links may include affiliate commission or referrals.
ETF Approval Uncertainty
Grayscale’s Legal Victory
In a surprising turn of events, Grayscale has recently won a case against the SEC, which is undoubtedly positive news for Bitcoin enthusiasts. The court ruled that it is absurd for the SEC to allow futures ETFs while denying spot ETFs. While the SEC still has the option to appeal or find other reasons to deny spot ETFs, it is safe to assume that ETFs will eventually be approved, possibly in the coming year. However, this news may already be priced in, as evidenced by the sell-off following the announcement.
Bitcoin in the Accumulation Phase
Currently, the Bitcoin price movement seems to be in the accumulation phase. Despite the positive news surrounding the ETFs, the price has remained stagnant, hovering in the middle of the range. It is unlikely for Bitcoin to break through and reach new highs in the near future. Investors should be prepared for a period of choppy and sideways trading.
Two crucial factors that will influence Bitcoin’s price in the coming months are global net liquidity and jobs data. The rise and fall of global net liquidity have directly correlated with Bitcoin’s price movement in the past. Economic weakness and job market conditions play a significant role in Bitcoin’s price as well. Current data shows a weakening job market, which may impact Bitcoin’s price in the short term.
Central Bank Policy and BTC Trading
Central bank policy is another significant factor to consider for Bitcoin traders. As long as central banks maintain their current policies and interest rates remain high, Bitcoin is likely to remain in this accumulation phase. The Fed’s balance sheet, reflecting quantitative tightening, restricts global policy and may keep Bitcoin in a choppy trading phase.
The ETF Decision and Trading Opportunities
While the ETF news may not have a significant impact on prices in the short term, there may be some volatility surrounding the SEC’s decision dates. Therefore, traders should stay informed and monitor market conditions closely. Additionally, the next Bitcoin halving event may bring forth a new narrative and present trading opportunities for astute investors.
Remember, this video is for entertainment purposes only and should not be considered financial advice. Always exercise caution and conduct thorough research before making any investment decisions.
Conclusion
In the video “CRYPTO: COMPLETE DISASTER” by MoneyZG, an update on the crypto market is provided. The video discusses various timestamps, including Bitcoin, liquidity, jobs, and the Fed. It also includes useful tutorial videos on platforms like Bybit, Binance, Bitget, and Apex DeX.
It is important to note that the video is for entertainment purposes only and not financial advice. The disclaimers in the video also mention the presence of affiliate commission or referrals in the provided links.
Regarding the current market situation, Grayscale’s win against the SEC is positive news for Bitcoin. However, there is uncertainty about when the SEC will approve ETFs. Currently, Bitcoin’s price movement is in the accumulation phase, and global net liquidity and jobs data play crucial roles in determining its price.
Economic weakness and job market conditions can impact Bitcoin, and the Fed’s balance sheet and quantitative tightening restrict global policy. While the ETF news may not significantly impact prices in the short term, there may be volatility around the SEC’s decision dates. It is anticipated that central bank policy will remain unchanged for a while, keeping Bitcoin in a choppy trade phase.
