welcome back everybody to altcoin daily bitcoin
news altcoin news big altcoin news industry news world news in today's video i'm going to keep you
up to date everything going on in cryptocurrency smash the like button if you appreciate that check
the timestamps below and congratulations if you stuck with it because the cryptocurrency market is
starting to turn around bitcoin at 23 ethereum at 1 500 b and b at 271.
The biggest winners of the
day are phantom nem flow mena protocol near waves loop ring solana congrats if you hold
any of those the question is is this rally the real one is the official bitcoin bear
market in and unfortunately we're not going to know that until time passes there's a lot of
reason to think that this is a major relief rally but not necessarily out of the bear market yet
we'll never really know until more time passes but i want you to take a look at this this is bitcoin
not versus the dollar this is bitcoin versus the nasdaq take a look at this bitcoin has bounced
off of one two three four major areas of support major trend lines of support and even more than
that the amount of time it's taken to get here is impactful because it's reminiscent and in fact
the same amount of time as every top and bottom before that just something to think about
so you tell me do you think the bitcoin bottom is in of course that doesn't mean
that every single alt coin bottom is in but it does seem to me like we're witnessing
a relief rally so take advantage of that enjoy that and by the way whether we're out of the
woods today or whether it takes a few more months i believe bitcoin will rally way higher the more
time passes because the fundamentals are just so strong another one another one to think about
bitcoin network has transferred 17.78 trillion this year already smashing the record of 2021.
this is really really good and of course ethereum is leading the rally over the past couple days and
with ethereum being so strong with bitcoin being so strong we see ethereum quote unquote killers
we see blue chip altcoins entering uptrends and rallying even harder solana and avalanche enter
new uptrend solana and avalanche have risen roughly 20 percent in the past 36 hours solana
needs to stay above 42 to advance to 52 avax could trigger an upswing to 28 if it breaks 24.
What do
you like better solana or avalanche let me know in the comments below and of course it's not just the
ethereum killers that are doing well you guys tell me what coins you want us to cover on the channel
and we try and cover them many people have been telling us lately vra veracity look into it if you
own some congratulations it's certainly doing well looking good on the daily huge price breakout with
volume a correction would make for a great entry and of course we did a dedicated ferocity video
last year it's still up so why is the market pumping why is the market pumping well obviously
the market goes in ebbs and flows it can only go down so long before it goes up and vice versa
but why is the market pumping let's go over some of the key pieces of news which
are actually fundamentally a big deal austrian post builds the future of digital stamp
collecting austrian post the national postal service of austria has announced the launch of its
latest product called crypto stamp art csa which is based on the ethereum blockchain the shift to
focus on going digital first is significant since austrian post is a major player in the blockchain
industry and have successfully sold out several iterations of crypto stamps since 2019 and they're
still doing it even in the bear market that's what makes it cool previous generations of crypto
stamps however mostly centered the sale around the physical stamp which was accompanied by its
digital twin the launch of the csa is planned on july 22nd after releasing the associated physical
special stamp block on july 1st there are 2 500 csa mystery boxes each digital mystery
box contains four non-fungible tokens nfts a special stamp block and a physical trading card
known as a special art stamp each nft has color value distributed with different frequencies with
increasing rarity so these are the rarities reds are the rarest then yellows and blue rose and
purple green turquoise friedrich amazing to see all of these legacy services not only
turning digital but turning crypto coinbase obtains regulatory approval to provide crypto
services in italy you're going to look back in 10 years when everything is crypto and you're
going to be like how did we get here well if you subscribe to this channel you're going to know
how we got here but keep in mind we're seeing adoption happen in real time this is how it works
cryptocurrency exchange coinbase announced monday it has secured regulatory approval to provide
crypto services in italy quote coinbase serves customers across 40 european countries through
dedicated hubs in ireland the uk and germany coinbase is committed to bringing the power
of our full product suite to customers across europe this is according to the vice president we
are in the process of strengthening our presence across europe and have registrations or license
applications in progress in several major markets in compliance with local regulations you'll
love to see it let's talk about altcoins let's talk about ave ave blue chip lending ethereum
based protocol in the space still continues to do big things ave taps pocket network to beef up
decentralized app development let's find out the details ave an open source decentralized finance
protocol is teaming up with decentralized web 3 infrastructure provider pocket network to offer
developers increased scalability and ease of use when building decentralized applications on
the ave protocol according to the statement on tuesday ave will use pockets distributed network
of more than 44 000 nodes to access on-chain data from various blockchains to power decentralized
applications developers building ave powered apps may now access blockchain data from pocket network
on demand following the new integration quote from the ceo of pocket network the goal is to power
the next wave of decentralized applications that combine ave's best-in-class liquidity market
with pockets unrivaled rpc coverage which now supports 50 blockchains and is well on its way
to achieving its goal of 100 blockchains in 2022 ave grants dao made this agreement possible by
providing a grant for the purchase of the required pocket network native tokens p-o-k-t for ave's
front-end traffic dubai is quickly becoming the cryptocurrency capital of the world if it's not
already there are tons of notable crypto people who live in dubai and it's easy to see why not
only because of the good taxes or lack thereof of taxes but also stuff like this dubai to ramp
up metaverse efforts with 40 000 new jobs let's find out the details one of the leading crypto
hubs in the middle east the emirate of dubai launches the dubai metaverse strategy that aims to
turn it into one of the world's top 10 metaverse economies the strategy promotes dubai's ambition
to support more than 40 000 virtual jobs by 2030. al maktoum hopes to transform the emirate into a
global tech capital so the people in charge hope to transform the emirate into a global tech
capital focusing primarily on ai and web 3. the dubai metaverse strategy goes in line with
the objectives of the united arab emirates a.i strategy to enhance the nation's status as one
of the world's leading countries in futuristic sectors by investing in new technologies you'll
love to see it hopefully the slights of fire under america america can see all these other countries
really pulling ahead in the web 3 space and you got to believe that everybody is going to do
it eventually because why not another sign of adoption which might be contributing to the bull
rally that we're having in the markets christie's doubles down on web 3 with new venture arm the
fund's first investment is in layer zero labs the cross chain interoperability company
behind the stargate omni chain bridge the press release said that layer zero sits
perfectly on the spectrum the fund will focus on specifically christie's ventures will explore web3
art focused financial products and technologies that help people consume art the world-renowned
auction house has launched its venture capital arm and it's set to focus on the web 3 space so this
is exactly what we want to see if you were to think the cryptocurrency is the future when they
first started auctioning off punks or apes or whatever it was people nfts that was their first
foray into nft's first foray into cryptocurrency and they're continuing that foray and that is
really a bullish sign i'll tell you one person who hopes that this crypto rally is the real one
and that is alex mashinsky and the celsius team celsius is hoping for a bull market to repay
customers the beleaguered crypto lender celsius said it plans to offer customers the option to
either withdraw some of their money in fiat at a discount or ride out crypto winter and remain long
crypto so key takeaways celsius has revealed its plans to reorganize and continue operating rather
than face liquidation the insolvent crypto lender said it will allow customers to withdraw cash
at a discount or remain long trip don't wait for another potential bull market the hearing also
revealed 1.9 billion hole in celsius's balance sheet i'm feeling for everybody who has money
in celsius and of course we all are very aware now and not your keys not your coins if you
if this affects you let me know your thoughts on celsius's move to do this and finally my
friends i thought this was a pretty interesting chart from the good people over at missouri which
of these protocols has the most favorable token allocation considering what they have developed
so how much of the supply went into the people's hands the public sale that's the blue and
how much of the supply went into insiders vcs and that's the red and then of course there's
foundation and community allocation but really the blue versus red and of course this is just one
metric of many metrics to consider the more blue the more regular people had the chance to buy
in ethereum binance cardano tezos eos and tron really leading the charge on that and of course
i really like a lot of those some of those i don't like as much and then you know binance polka
dot avalanche icp block stack they're next again just one of many metrics to consider but it is
interesting to keep track of my name is aaron at altcoin daily subscribe to the channel
join the team i'll see you tomorrow my friends
