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Kucoin Fee Discount Up To 60% https://guy.coinbureau.com/kucoin/
Merch Store https://store.coinbureau.com
My Official Telegram https://t.me/cbinsider
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Essential Videos
Last Week’s Crypto News https://youtu.be/MidgF-usQYg
Litecoin Explained In Depth https://youtu.be/EkAJVZy7qNo
First Polygon Video https://youtu.be/B4fmnSRYHMQ
Parachain Slot Auctions https://youtu.be/wttbzhrBOBA
Best Countries For Crypto Gains https://youtu.be/omGrsqi7nrQ
Ripple Lawsuit Explained https://youtu.be/Bmf2IILzEug
Last Week’s Crypto News https://youtu.be/MidgF-usQYg
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- TIMESTAMPS -
0:00 Intro
2:03 Crypto Market Crash Cause
3:55 Bitcoin Dominance Spikes
5:11 Fidelity offers teenage investment
6:16 Bitcoin Taproot Progress
9:00 Polygon And Optimism
9:28 Parachain Slot Auctions
11:16 Crypto Tax Crackdown
12:13 Crypto Regulations Incoming?
13:37 Is Elon Musk The Dogecoin Whale?
14:53 Weekly Crypto Market Analysis
17:10 Conclusion
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️ Useful Links ️
► 1 Trillion Crypto Market Crash: https://edition.cnn.com/2021/05/22/investing/crypto-crash-bitcoin-regula...
► Bitcoin Dominance Indicator: https://www.tradingview.com/symbols/CRYPTOCAP-BTC.D/
► Fidelity Lets Teenagers Trade: https://www.cnbc.com/2021/05/18/teens-can-trade-for-free-with-fidelity-w...
► Bitcoin Taproot Explained: https://cointelegraph.com/news/bitcoin-s-upcoming-taproot-upgrade-and-wh...
► Optimism On Ethereum Approaches: https://cointelegraph.com/news/optimism-grows-for-layer-two-scaling-afte...
► Kusama Parachain Slot Auctions Begin: https://cointelegraph.com/news/polkadot-announces-kusama-is-finally-read...
► IRS Crypto Tax Reporting Rule: https://cointelegraph.com/news/us-treasury-proposes-crypto-transactions-...
► Crypto Ratings Council Securities Measurement: https://www.cryptoratingcouncil.com/asset-ratings
► Dogecoin Whale Elon Musk Connection: https://decrypt.co/71601/elon-musk-wont-sell-dogecoin-mystery-whale-buys...
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️Crypto Market Crash Cause️
The dip down to 30k was likely institutions intentionally push the price below what most traders believe will be the bottom to scare them into selling their crypto.
Bitcoin Dominance Spikes
If the market is crashing and Bitcoin dominance remains low, the potential for a real rebound is likely also low. Keeping this in mind going forward will help you with your trading.
Fidelity Offers Teenage Investment
Cryptocurrencies do not seem to be on the list of possible investments for the time being, but it’s likely only a matter of time before the teens who join this program start to ask their parents about Dogecoin.
Bitcoin Taproot Progress
94% of all miners have now signaled their support for the Taproot upgrade which is tentatively scheduled to occur in November this year.
Polygon And Optimism
There is some speculation that Polygon’s days are numbered. This is because Ethereum’s ‘in-house’ scaling solution called ‘Optimism’ seems to be on track for its July launch.
Parachain Slot Auctions
While Kusama’s first parachain slot auction is scheduled to occur in the next few days, Polkadot has not yet set a launch date which has some people concerned.
Crypto Tax Crackdown
Besides the fact that most institutions and individuals report their cryptocurrency activities to the tax man already, these crypto rules requiring you to repot transactions over 10k will not come into force until 2023.
Crypto Regulations Incoming?
In a short speech at the 2021 FINRA conference, Gary noted that QUOTE ‘the SEC and FINRA should be ready to bring cases involving issues such as crypto, cyber, and fintech.’
Is Elon Musk The Dogecoin Whale?
What’s interesting is that the moment Elon resumed his antics, the Dogecoin whale which holds nearly 30% of its total supply bought 4.2069 DOGE at the same time.
Weekly Crypto Market Analysis
Interestingly enough, there do seem to be a few cryptos that held up quite well against the downturn. These were Celsius, Polygon, and Solana.
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Disclaimer
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
#bitcoin #crypto #ethereum #dogecoin #fud
