¶ Intro
Bitcoin is on the move. It had its highest weekly close ever and will this rally continue this week? With bitcoin and all coins moving upwards. I'll share the charts with you and you won't believe what happened to the guy who hacked the sec Twitter profile to announce the Bitcoin ETF announcement. I'll give you the details. Let's get into it. Hey, folks, welcome into the Thinking Crypto podcast, your home for cryptocurrency news and interviews. I'm your host,
Tony Edward. On your way in, please let that subscribe button as well as the thumbs up button and leave a comment below. Folks, I'm sure many of you saw
¶ Bitcoin analysis
Bitcoin was on a move today. It pumped to one hundred and seven thousand dollars. It is knocking at the door of the all time high of around one hundred and ten thousand dollars, and once it breaks through that,
it will enter price discovery. So we're almost there, and it's moving in phases, as you can see, slowly but surely, and we're waiting for one hundred and ten thousand dollars to be broken again and then that should take us, I think, to one hundred and twenty thousand dollars possibly higher, so we have to be patient and let the rally continue. But what's interesting is that Bitcoin just closed the highest
weekly candle ever. That's significant. And look at this Bitcoin dominance, which we were tracking, has done a reversal, so it looks like Bitcoin is stealing the show again so that it can continue its move and eventually the all coins will follow. So while we thought the Bitcoin dominance was going to break down even further, it's recovering a bit. And this makes sense because the market follows Bitcoin. Bitcoin usually leads this show and then the liquidity rotates down
to the all coins. Now USDT dominance is kind of holding steady. It was breaking down similar to the Bitcoin dominance over the past few weeks, but right now it's consolidating. I expected to continue to break down because this liquidity goes the Bitcoin than the all coins. So this is further confirmation that a rally will be continuing, given to technicals and where the USDT dominance is right at the moment, and some folks are calling this possibly the final rally,
but we don't know yet. This is something I've mentioned to you folks that Q two could bring the blow off top and Obviously our timeline got pushed back due to the tariff situation, where it's usually selling may go away. Well, it's probably gonna be like selling June or sell in July. Obviously we need to watch this closely. But here crypto Wizard shared a chart showing the calm before the storm, saying the final rally has begun. Bitcoin has rocketed upside
and it's trading over nine percent higher. The journey is underway, yet some people will still doubt it, so let's see if he's right. I will definitely be taking profits in this rally folks, for Bitcoin and different all coins. And then you know, at that point, I'll take a look at the charts and the different on chain metrics to see where we're at and if there's still room for us to go up, because the final rally may come in late Q three or Q four, so we'll have
to be patient and watch the charts closely. But if you look at Bitcoin on the weekly chart, it continues to look incredible bullish. We got the weekly RSI which has broken out and it's not in the overbought zone yet. The MACD has flipped green, showing the bulls have momentum. This is something we saw in all the previous rallies
in this bull market, so the confirmation is there. And from the macro, we are seeing global liquidity continues to rise, so risk assets like the stock market, bitcoin and crypto they all follow this. So the SMP five hundred, the NASDAC, the Dow Jones Industrial are all seeing V shaped recoveries here and specifically, the SMP five hundred and the NASDAC are both above the two hundred day moving average back
in bull market territory, so all good signs. The factors are there for this rally to continue, and all of Ausden you have to expect volatility and be patient as we keep heading higher. So we could see bitcoin continuous rally this week and it may steal the show, maybe for the week or even a few days, and then cool off and then liquidity hits the all coins and they start moving again as well. It's the same cyclical
pattern we've seen over and over. So this is where you have to pay attention to the charge, pay attention to the on chain data and much more. And I will keep you guys updated in my newsletter. On the podcast, I'll be doing a livestream tomorrow, so just stay tuned for all that information. Now, folks, moving ahead, look at
¶ SEC BTC ETF Hacker
this Alabama man sentence for hacking the SEC's social media to post fake bitcoin ETF news. Remember when this happened in early twenty twenty four before the ETFs were approved by the secs under Gary Gansler's tenure. Well, they found the guy. He's a twenty six year old man from Alabama and he's being sentenced to fourteen months in prison. And it was a shit show. I mean, it was a mess right that the SEC could not even protect their own phones and their connection to their social profiles,
not having the proper layers. But look, this guy did the crime. He's got to pay the time. So that's what's going to happen. But it's int that this is now coming to some sort of conclusion. I'm sure the SEC under Hester Purse, Markuwata and Paul Atkins are going to do better versus Gary Genzer, who you know, he was a scumbag regulator. Okay, folks, quickly from our sponsor and that is v Chain. V chain is one of
the top layer one enterprise blockchains. They're getting global adoption from different brands and companies who are building web three and sustainability projects. I'm a VET token holder, I have been since twenty eighteen. I'm very bullish on this project. Some of the great features of the v chain blockchain
includes it's secure, affordable, scalable, fast, and sustainable. Some of the brands of v Chain's working with includes Jivon, Chi, Walmart, China, BMW, PwC, and they are also partnered with Boston Consulting Group and the UFC doing some great things with Dana White and much more so. If you'd like to learn more about v chain, go to vchain dot org. Folks, I missed
¶ UBS Wealth Crypto Investment
this news from earlier this week, and it's a significant one trillion dollar asset manager UBS reveals wealthy investors in increasing crypto allocations to five percent. So the major institutions are recognizing the demand that's out there because it's not just some retail it's some institutional wealthy investors. That's why there's a race between all of these Wall Street firms and banks and stock exchanges globally to build crypto services, and UBS is highlighting here that this is no joke.
These people are getting involved. They want to trade the assets, They want custody and they want financial products for it. So really significant news here. It's a sign of the times, folks, a paradigm shift that's taking place. We are seeing adoption like we've never seen before. And I got into market in twenty sixteen, so to see black Rock, Fidelity and all these big players launching their own crypto services is pretty incredible. And guess what this will increase once the
United States passes crypto legislation. Once the clarity is there, you're going to see the floodgates open because there are still a lot of people sitting on a sideline taking We're not going to touch that. You know, we have our risk management. We want to be risk averse because if it doesn't have clarity, we run the risk of getting lawsuits and all kinds of other stuff. Right, But once the clarity is there from Congress and that becomes signed into law by President Trump, all these firms can
go all in. And I'm not saying they're going to put all their money in, but they're going to start allocating a good amount. And just imagine, you know, all these firms adding five to ten percent of their aum to crypto assets. It's coming, so just be prepared. It's why I've been saying I'm prepared for future bull markets
as well, because we're still very early. When the legislation gets passed, you can imagine they're going to have their board meetings, they're going to put together their strategies, and it's not going to be an immediate thing. Oh they just passed yesterday, that means we go by today. That's not how these companies work, right. There may be a lead time of three months that's needed, and that could even just be putting together the strategy, figuring out the
safeguards to custody of much more. The actual buying may start in a bear market. So just things that think about, Right, they're pretty logical, and you're going to see over time game theory play out. One player goes, the other follows, and no one wants to get left behind. And UBS they've been involved in different things like tokenization. They have a page on their website called UBS Tokenies your Gateway to decentralize the financial markets. I couldn't imagine seeing something
like this years ago. It's so fascinating. So all of these folks, they want to launch financial products around crypto assets and also do a lot of tokenization and much more. Now,
¶ Ticketing on Solana
look at this Salana ticketing platform. XP raises six point two million dollars. So XP, a ticketing resale exchange built with Salana rails, has raised six point two million dollars in a seed round led by block Change. The platform tells light Speed exclusively. L One D and Reflexive also participated in around. XP uses Salana rails for dis counter ticket sales, but hints at grander ambitions surrounding fan experience
down the road. So, folks, we're seeing a lot of the traditional industries are now going on blockchain, and even new startups are going on blockchain, and they're going to look to disrupt the incumbents. It happened in the finance industry of course, investment payments, it's going to happen in ticketing and media and marketing industry, a whole bunch of other industries are going to get disrupted. Real estate, of course.
So it's fascinating to watch this play out. And you got to look at the rails they're they're using Solana. I hold Salon in my portfolio because I see the adoption there, and I hold other coins as well. But they're going to target Ticketmaster and seat geek and so forth. So XP is one of a number of upstart ticketing exchanges seeking to disrupt the popular but widely dislike incumbents
such as Ticketmaster and seat geek. These ticketing titans caught the ire of the Biden administration, which just had a rule banning hidden so called junk fees for ticketing platforms to go into effect Monday. XP lists all in prices by default. It listed prices for tickets to the upcoming New York Mets games roughly track with prices on tickpic, another popular resale ticketing app. So this is stuff you
want to see. This is where we're headed. Blockchain being integrated into different industries, causing that disruption, and for the first time in history, you can take a bet by holding the native token of these blockchains that are getting the adoption. So really great stuff here. So, folks, that's the news. Let me know what you think. Leave your thoughts and comments below. Hit the thumbs up button to support me in the podcast. Folks, be sure to subscribe
to my free email newsletter. It's one hundred percent free. Link will being a description. Check out my book on Amazon. It's available in paperback, in digital, and my new course at mycryptocurse dot com. This is a comprehensive course that teaches you every aspect of crypto. Check it out, folks. Thank you for watching and listening. I appreciate you all, and I'll talk to you all later
