BITCOIN AND ALTCOINS ARE ON THE MOVE AS RELIEF RALLY HEATS UP!

So let's start with the price of bitcoin. So bitcoin at the time of recording is a seventy four three hundred and six dollars. We continue to see strength. We've been covering the relief rally for weeks now. Right looking at the chart and this setup that was there, there were still a lot of people saying, no way, there's not going to be a relief rally, but here it is. And I'm not saying we're going to new high So please understand the situation at hand. We are still in

a bear market. We are certainly nary bottom after a major, major drop from one hundred and twenty six thousand down to sixty something thousand here, so great to see this is happening. And on the weekly chart we are seeing a lot of strength as well, you know, we've been highlighting that the RSI was in the over soul zone. It's turning to move away from there. The mac D shows the bears are losing momentum, and if you look at coin market Cap, you're seeing green across the board.

Alts are starting to wake up. For example, Etheroreum is up near eleven percent over the past twenty four hours, XRP up near eight percent, and there's other all coins that are doing well. So I do believe that the altar are going to follow Bitcoin's move, and the RSI on the Bitcoin Daily Charts shows there's still room for it to run. The mac D shows the bulls are

in control. So these are all positive signs. The other factor, which is something I had brought up in the past, and that is bitcoin priced in gold has found a bottom. It's starting to break out here. We got a green kennel on a chart, so it's been going down and down as gold has been rising and ripping. Right, we saw was in a bull market and bitcoin was dumping doing the opposite. So now the bottom is formed. And of course if you look at the gold chart, what

is gold doing. It's starting to break down. I think it pretty much topped out after that parabolic move. So rotation of liquidity, I've been talking about it for a long time and you're seeing it play out now. Now it doesn't happen according to our timeline, right, the markets can stay in a certain position for a very long time where it almost makes you question your thesis and

what's happening. But this is where patience and the macro review is so important because now months later we can sit back and say, here you go, here's some rotation that's happening. And again I'm not saying this is a move to new all time high for bitcoin, but the data doesn't lie. I'm sharing the data and it looks like here that bitcoin pricing gold has bottom. And not to mention, bitcoin has been outperforming both gold and the stock market. Now, speaking at a stock market, you know,

I've been highlighting there's a lot of weakness here. There's distribution happening on the S and P five hundred as well as the NASDAC, and that is something we have to watch. Now. A good sign is that this stock market is nearing the S and P five hundred is nearing the over sol zone. It's RSI and the daily chart. So could it dip a little bit below, find the bottom, then start its own relief rally, just like what Big

One's doing. Sure, but if it was, you know, starting to fall off a cliff and going crazy, that would have me worried because the stock market has this gravitational pull where it's going to pull these other acid classes, especially crypto, with it. So let's see, today's a little bit of a bounce on the S and P five hundred as well as the NASDAK and like I said, nearing that over soul zone, and maybe it goes down a little bit more, then bottom's out. And I'm not

saying that's a macro bottom. You know that it starts up in this massive bull market again, but it could be a local bottom before we have a relief rally then rollover to lower lows. So that's gonna be my base case for now. I would love to be wrong. I would love for both the crypto market and the stock market to just rally to new all time highs. That would be amazing. I'll take that l any day because my portfolio would be winning. Right, You get what

I'm saying. It's not about necessarily, you know, my ego, but just my portfolio. If I want the money, right, you could take the fame, you can say I called it. That's fine. I just want my portfolio to go up. And I'm sure many of you agree with me. So that's where we're at. We're seeing some positive signs, and like I've been saying, I think alts A're gonna follow bigcoin and let's see how high Bitcoin goes. You know, I wrote a newsletter today. Make sure you're subscribe guys.

It's free. It's on substack where I outline different charts where I showed charts for certain all coins and total three and how those are playing out, showing that they're about to follow Bitcoin as well. The inverse to all of this movement for the crypto is that USDT dominance is collapsing. So that's a good sign, and it means the stable coin liquidity is starting to make its way into the market. And you know, this is a legit rally, so it's not like this is hovering sideways or it's

still climbing and there's like a rally. So you know, you could say, hey, that looks like some sort of fake out right there. But I think this is confirmation that we are seeing liquidity move back into the market. Now on the topic of gold, you know, one of the things I've been highlighting is that we're starting to see cracks in the market and the economy, and that you know, in the near term, not saying that in the short term, but the near term, we could see

some collapses. I'm not saying that's a guarantee, but we're just seeing cracks right the job market, the Iran situation, and look at this today, trading was halted in all contracts on the London Metal Exchange, so people maybe panicking about gold and silver trying to hear, redeem and sell and they had to halt trading. And then you know, I was highlighting a black rock having to pause withdrawals of its private credit fund. So that's not a good sign.

When the world's largest acid manager has to pause withdrawals, you know, that's a worrisome thing. Again, I'm not a doomer. I'm not calling for a massive collapse or whatever, but it just seems there are signals here that things are starting to break. And it's usually or maybe the mo of the Fed and the government they want that to happen. So that it gives them the narrative, the excuse to say, see, we had to print this amount of money, so I think they ramp up keweed. They will put it on

steroids and do the bailouts. Right, They're not gonna let the assets go to zero. Guys, please, if that's what you think, then you're crazy. You don't understand how this all works. They print money and asset prices keep going up. Zoom out on the charts and you'll see the trend is keep going up and up and up. And that is because this is how the FIATSA the works. It's a debt based system. And yes, they allow recessions to happen. Yes they allow crashes to happen, but that is actually good.

It allows them to reset things. Now, it hurts people economically, you know, they lose jobs, companies go out of business and much more. But understand how the game is played and positioning yourself and have the macro view. And you know,

as far as Bigcoin's concern, Michael Sailor and other folks are accumulating. So Salor announced today that Strategy has acquired twenty two, three hundred and thirty seven bitcoin for approximately one point five seven billion dollars at an approximate price of seventy one hundred and ninety four dollars, so he continues to buy the Japanese version of micro strategy, which

is meant a planet. They have raised two hundred and fifty five million dollars and have added warrant structure for Bitcoin buy so they're raising capital to go buy more bitcoin. And on the ethereum front, Tom Lee's Bitmind has bought more Bigcoin, so their treasury is now up to four point six million ETH, which is wild. I believe they continue to hold the record for being the largest eth

digital ascid treasury company. So Tom Lee gave an update and he said they bought five thousand eath directly from the Theorem Foundation, So it's incredible the amount of buying that's happening. So this seems like it's gonna work out because I believe the market bottom is in, if not very close, right, I've been talking about a relief rally, then a rollover to possibly lower lows. Bitcoin goes to the fifty k's eth obviously, and the alto will bleed

out more. But if you're buying these prices, it's the bottom zone. No one can exactly call the bottom, but this is not a bad place to be buying. Even if you get another ten percent downturn or fifteen percent, still really good if you think about the cyclicality of markets and that if you're paid and you have the longer term view, by twenty twenty seven, we're going to be at higher prices and things along those lines. Even Blackrock,

you know their ETF inflows have increased. They bought another eight five hundred and eighty bitcoin last week, so inflows every day for the first time since October. So as far as the weekly perspective is concerned, So starting to see recovery here on multiple fronts now, folks. A great place where you can buy crypto as well as precious metals like gold and silver is at I Trust Capital. I Trust Capital offers a unique way of investing by doing it via an IRA, which gives you huge tax benefits.

So you can access over eighty crypto assets bitcoin, xrp Theorem, Salona and much more, plus gold and silver in this IRA. So again if you have a long term view on these assets, but doing it through the IRA gives you the tax benefits because many of you know you incur capital gains tax when you sell for a profit right and if you have an existing IRA or for one kit, you can simply roll it over to the I Trust IRA account and you can buy and sell twenty four

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moving ahead, we got more news of crypto adoption by traditional financial companies. So tro price files and Amendment number two for its active crypto ETF which will track multiple assets including bitcoin, etheroreum, XRP, Lightcoin, and siba Inu, among other assets. So it's great to see these folks are building on rams and we know many of them have

been around for a long time before crypto. They have their customer base millions and millions of people, they have the brand, and they can go and say, hey, you want to get access to crypto, here you go. And of course with these ETFs, especially the spot ETFs, they actually have to buy the assets. So this is all very bullish. Moving ahead, crypto wealth platform ABRA plans to

go public via a seven hundred and fifty million dollars SPAC merger with New Providence Acquisition Corp. Three, listing on the NASDAC under the ticker ABRX. The deal could deliver approximately three hundred million dollars cash for expansion into institutional lending, yield and custody. Many of you may recall I usually have Bill Barheight on maybe once a year. He's the founder and CEO of ABRA, and they've been around for

a long time. They've gone through, you know, different ups and downs, but they're doing pretty well and it looks like they're ready to go public. So this is a good sign if companies are looking to go public at this point that you know this rally may continue, because look, they're not gonna look to go public when prices are dumping. They're gonna want to go when it's up and people get more bullish. I hope you understand how this all

works in markets. So very good sign overall. And we are just seeing crypto companies go public, expanding, mergers, acquisitions, all big stuff for the continual growth of the market. All right, moving ahead. Iron Light raises twenty one million

dollars to scale marketplace for tokenized securities. So iron Light Group has raised twenty one million dollars in a series A round to expand infrastructure for tokenized securities, including scaling its alternative trading system and technology platform for issuing, distributing, and trading digital securities. The privately held companies said. The round included backing from institutional investors and financial services executives, led by TD Bank President and CEO Greg Broka, along

with the SAY Development Foundation. So many of you may be familiar with the SAY blockchain. I personally don't hold a token, but it's certainly been making a lot of progress, So the funds will be used to expand iron Light's marketplace infrastructure for tokenized assets, including the iron Light Market's alternative trading system and its settlement platform. The company operates a broker dealer and alternative trading system for digital and

traditional securities under SEC regulation ATS and finnraw oversite. So we continue to see the building out of the infrastructure for tokenized securities and other assets. And it's what we've been talking about for years on this podcast. We are headed to the token economy, and as I've been saying for the Billy, in time, the future, capital markets, economies, and governments will all run on blockchain rails. That is where we're headed to. Okay, moving ahead. South Korea's Hana

Financial partners with Standard Chartered on digital assets. So big partnerships are happening here. Hana Financial, one of South Korea's largest financial conglomerates, has partnered with Standard Chartered on finance

and digital assets. On Sunday, Hana Financial set it's signed a business agreement with the United Kingdoms Standard Chartered Group for cooperation with global financial business and digital assets feels on Hop News reported the agreement covers collaboration in various global financial sectors, including investing, banking, money markets, foreign exchange, and digital assets. Here's a quote. We will create new growth both opportunities by generating synergies in future financial areas,

including digital assets. On a financial chairman ham Young Jews said, I hope you pronounced his name, adding that the companies aim to deploy their extensive networks and diverse financial expertise. So again, guys, the building continues, partnerships, companies going public, expansions globally, raising capitals. Pretty incredible stuff. And of course

part of what's going to drive the adoption is legislation clarity. Obviously, here in the United States we're waiting for the Clarity Act to pass. That that may happen this year or it may not. We're going to have to wait and see. But nevertheless, the ball is rolling globally. And here's another example.

Australian Senate committee backs crypto platform licensing bill. So Australia's Senate Economics Legislation Committee has backed a bill that would require crypto exchanges and tokenization platforms to comply with the country's existing Financial Service is regime, recommending that corporation's Amendment.

Digital Assets Framework Bill twenty twenty five be pass The move on March sixteenth brings Australia a step closer to a bespoke licensing framework for digital asset platforms and tokenized custody platforms, aimed at closing gaps in oversight of platforms that hold customer assets following the collapses of high profile digital asset businesses such as FTX. So again, guys, globally,

everybody is embracing the industry. They're putting out the rules and regulations and yes, some are still in the process of getting stuff done. They got to put the legislation together, they got to talk to the industry. They're going to be back and forth. They're going to do different drafts, right, there's going to be discussions, but eventually they're going to

get it passed. And again we're just seeing it happen globally, and even from countries you wouldn't necessarily think would be very pro crypto of very advance in technology, they're doing it right. Sometimes it's like Coazakhstan or this country that you know, you don't really hear about, and they're all setting up their regulatory framework to embrace the Technology and Acid Claus final news item here. This is a weird

one because I never heard of this company and battle crypto lender block Fills files for bankruptcy in the US. Now again, I've never heard of this firm. I don't know who's been using it, but apparently it seems like it's more on the institutional side and they're a crypto

lending platform. But it's given me deja vus. I'm sure many of you remember block Fi as well as Celsius back in twenty twenty two when you had those collapses and a lot of lending problems with Genesis Trading and Gemini, and it was a mess, right, But I think we've put those things behind this. But I think overall, a lot of companies, crypto companies fared well in this bear market because I think everybody was much more prepared. You know, the bad actors have been weeded out for the most part.

I'm not saying block Fields is a bad actor. Maybe their business was just simply not ran well. But it seems here that they've had to file bankruptcy, and this is a casualty of the bear market. Right. So in the filing, block Fils estimated it had assets between fifty to one hundred million dollars and estimated liabilities between one hundred million to five hundred million. So you know, if you've used this platform, please let me know, because this is the first time I'm hearing of them. I don't

think they're that big. I think they're a very small firm, but it seems like they had a lot of funds here and hopefully with bankruptcy, you know, customers are made whole and so forth. I do believe that you know, new rules on the SEC and much more and all these things. It should help with all these things, resolving all these things, and hopefully it's not too bad. But yeah,

sucks to see this happen. But these are things that happen in the bear market, right, even if it's non crypto and the regular stock market, you often hear companies filing from bankruptcy and much more so. It is what it is, folks, that's the news. Let me know what you think. Leave your thoughts in comments below, hit the thumbs up button. Subscribe if you haven't as yet, be sure to support the podcast by subscribing to my free email newsletter on substack. It's one hundred percent free linking

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Mycrypto course dot com. This is a course I put together, features videos, text write ups, downloadable materials. You're going to hear from experts, people who are actually building and investing in crypto, such as institutional investors. So check it out, guys. This is a comprehence of course. It teaches you everything you need to know. All the links will be in an inscription. Folks, thank you so much for tuning in. I appreciate you all, and I'll talk to you all later