Welcome to BitBoy Crypto!
This is your daily crypto wrap-up,
where I give you all the day's crypto news in less than three minutes.
It's usually more than three minutes.
Look at the price of Bitcoin today.
Guys, we've got Bitcoin at $48.1K.
Is this the beginning of the turnaround?
Well, we're seeing some signs it certainly could be.
Ethereum at $3.8K
ADA at $1.25
XRP at 81¢
XRP has held pretty well, in my opinion.
Biggest winners of the day, we got Bitcoin Cash ABC.
374% gain
That's insane!
PancakeSwap
Dogecoin
ECOMI
DESO
AVAX
EGLD and MATIC
all over 10% gainers.
So let's talk about Bitcoin real quick
because I really want to take a look at the chart
because we got something really interesting here.
I don't know if I've seen this many green and red dots on a momentum wave
in quite some time on the daily chart.
You guys know we did have our two green dot formation that we were talking about
which was very extremely bullish.
Then we got this red dot that was right there.
And now, just one day later,
we've got another green dot that's popped up, so.
But what does it say?
Well, let's say Bitcoin's really at the decision point right now,
and it can't make up its mind.
The large green dot formation compounded with the fact we had a red dot show up today
that did not play out,
thank God,
it makes me lean once more again that we are going to see this explosion coming up very soon.
So we'll have to see what'll happen.
I know a lot of the charter guys are telling you it's not going to happen, so.
Let's check out the crypto news of the day.
We've got a lot of interesting stuff going on in Washington this week.
We got stablecoins.
Sherrod Brown--
new name for this guy,
Shefraud Brown--
is coming after stablecoins along with Elizabeth Warren.
I said this on the live stream the other day.
The Democrats better be very careful about how they position themselves versus crypto
because right now, two of the--
the three loudest anti-crypto voices,
Sherrod Brown,
Elizabeth Warren, the banking broad,
and, of course, the weasel himself,
Brad Sherman.
So Sherrod Brown came out making huge statements about stablecoins,
you know, negative statements saying they want to come after them.
Then we have Elizabeth Warren,
if I could never get it to come up,
saying DeFi is the most dangerous part of the crypto world, blah, blah, blah,
saying that, you know, when it comes to stablecoins and DeFi
that when everybody needs to cash out,
the money for the stablecoins is not going to be there.
She has a fundamental misunderstanding of crypto.
And I want you to think about this.
Who do--
a lot of these super liberal Democrats,
who do they pretend that they're for?
They pretend-- all politicians are pretenders,
but they pretend like they're for the people.
They're for the small guys, right?
Well,
in these statements,
these two people coming out against crypto, against stablecoins,
who is their--
who are they for?
They're for the banks.
They are central bank paid and sponsored lackeys.
That's what they are.
They're not rallying against banks!
They want banks to win because they're paid off by big banks.
That's why I call Elizabeth Warren the banking broad.
Now, we can add Shefraud Brown to the list.
Other interesting stuff,
speaking about another paid lackey for the central banks,
Janet Yellen,
who became a multimillionaire in the last couple of years
just doing Zoom calls speaking to banks,
sponsored by banks,
meanwhile she's the Treasury Secretary.
You can't make this stuff up.
You guys know the infrastructure bill had all this weird broker language in it.
Well, here's big news.
She's now been asked by a bipartisan committee,
people that we like in crypto,
Rob Portman,
Mark Warner, who is a Democrat,
Mike Crapo,
Kyrsten Sinema, also a Democrat,
Pat Toomey and Cynthia Lummis.
And I pointed that out because I am starting to see this Democrat versus Republican,
anti versus crypto--
anti-crypto versus crypto.
Everything becomes political in the United States.
It's so dumb.
But they are shaping up on the wrong side.
But what I do want to say here is good for all these people.
They're trying to get more information
on what is a broker, what is not a broker in the infrastructure bill.
The question is, to Janet Yellen,
how will they enforce the broker language?
That's the most important thing.
I'm way over time.
Bitcoin go up? Meh.
Drop it in the comments.
That's all I got.
Be blessed.
BitBoy out.