ETHEREUM BREAKS $4K LEADING CRYPTO RALLY & SETS UP ALTCOINS FOR BULL RUN! - podcast episode cover

ETHEREUM BREAKS $4K LEADING CRYPTO RALLY & SETS UP ALTCOINS FOR BULL RUN!

Aug 10, 202520 min
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Episode description

Crypto News: Ethereum breaks $4,000 and rallies to $4,300 setting up the Altcoin market for a major rally. Harvard endowment invests $116M into BlackRock Bitcoin ETF.
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⏰ Time Stamps ⏰
00:00 Intro 
00:23 Bitcoin & Ethereum analysis
09:25 Bo Hines resigns
10:34 Banks adopting crypto
12:09 Harvard Endowment BlackRock Bitcoin ETF
14:12 VivoPower Ripple XRP
16:08 World Liberty Financial WLFI treasury
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#Ethereum #Crypto #Altcoins #CryptoNews #Cryptocurrency #Bitcoin #BTC #BitcoinNews #ETF #News #Ripple #XRP #XRPNews #RippleXRP #EthereumNews #ETH #Solana #money #investing #trading #Altcoin #NFTs #Metaverse #Podcast #ThinkingCrypto ================================================= 
The Thinking Crypto Podcast is your home for the best Crypto News and Interviews - crypto, cryptocurrency, crypto news, bitcoin, bitcoin news, xrp, xrp news, ripple, ripple news, ripple xrp, ethereum, ethereum news, cardano, ada, solana, altcoins, defi, news, interviews, podcast, metaverse, nft, altcoin daily, cryptosrus, coin bureau, altcoin news, bitcoin today, markets, investing ================================================= 
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Transcript

Intro

Speaker 1

Hey, everybody, Welcome into the Thinking Crypto Podcasts. You're 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. If you're listening on a podcast platform such as Spotify or Apple, please leave a five star rating and review. Folks,

Bitcoin & Ethereum analysis

we have to talk about the charts and specifically Etherorem because we are seeing some very bullish momentum building up on the charts and this is very good for the rally I've been talking about coming later this month, and it could come sooner than expect it. And I believe Bigcoin's going to hit a new all time high. I think many all coins are going to hit new highs, but we got to be patient. It's going to be a process. But right now, bitcoins still hovering around that

one hundred and seventeen thousand dollars mark. But what's important on the chart is that the MACDE which is currently and this is on the daily chart, the mac d's about to flip green, so we see the bears are losing momentum and the bulls are about to take control the same thing is happening on the Etheroreum chart, and Etherorem has been breaking out. It's currently trading at forty three hundred dollars. And what's important about this price point

of four thousand dollars. It tried to break this three times over the past year, and now it has officially broken four thousand. That was a key resistance level and breaking through it, folks, and now Etherrem hasn't surpassed its old all time high, which was around near five thousand. It's like forty eight hundred, I think, so once it breaks through that, I think it enters into full price discovery.

But we're seeing a lot of strength here, and just like bitcoin, eth is moving away from the over soul zone and going into the overbought zone and the macdee. It's kind of hard to see it on the chart here, but it just flipped green on the daily chart. So bulls are certainly in control now and the bears have lost the momentum there now. Even if you don't hold etheroreum, it's very important that we see this because historically we've seen eth being a leading indicator for the rest of

the all coin market. So I don't make the rules. That's just been how it's played out historically. And then you have to keep in mind that many coins are actually built on etherorem, a lot of stable coins are built on e theorem, so it's important to understand what's happening here and how the market cycles play out. But

this is a very positive sign. And speaking of the all coin market, total three which excludes Bitcoin, Etherorem, and stable coins is breaking out following Etherorem's move, So you can see here it's our side moving to the overboughd zone or towards it, i should say, And the macde just flipped green, so the bulls are gaining control. So I think we're going to start to see a lot of all coins wake up in the market which have

not been doing much. So I've often told you guys, this market runs in phases and that we just got to give it time and eventually the liquidity is going to catch up and Bitcoin probably is going to consolidate here as is showing a lot of strength. Now the validation for this move is bitcoin dominance is falling again. You know I've been showing you guys every time it falls,

we have major rallies. So the recent rally of June into July where Bitcoin hit a new hall time high of one hundred and twenty three k XRP went bananas, Etherum also rallying. We are seeing another breakdown and eth is grabbing a lot of that liquidity right now. But I think come next week you're going to start to see a lot of other all coins wake up. So Bitcoin dominance dropping just like we've seen historically. Folks that

get ready. I think it's going to be a very exciting August, as I've been saying, and that we're going to hit some new highs and I will be looking to take profits at certain price points. The other validation of this move is USDT dominance is moving down, So this is the stable coin liquidity, essentially the stable coin liquidity entering into the market via Bitcoin, etherorem and other

all coins. So obviously the dominance starts to fall right because the supply is decreasing overall and entering into different assets. So we have confirmation, and as I've been saying, I've been sharing this chart with you guys. Once this thing breaks below four percent and then even goes down to below three point seven percent, which is kind of a

key support level here. I think that's where the mania phase starts, and you're going to see a lot of euphoria and everybody in their grandma is going to tell you crypto is the greatest thing ever. Are you investing? I'm buying meme coins. But we as smart, educated investors, have taken our positions in the lows. We don't buy in this zone. It doesn't I mean, you could certainly make a return, but you're not going to make a

big return, right if you understand what I'm saying. So, if you've been buying the bear market bottom, you know, December twenty twenty two, January twenty twenty three, even later into twenty twenty three, you're going to be up significantly versus someone who's coming in now, which is late in the cycle, right, folks, But unfortunately, this is the nature of markets. The folks who come in late, who are not educated or research, they're called dumb money, right. They

come in with the herd. Oh, we see the prices are up when they should have been buying when the prices were down, when there's blood on the streets. So, folks, the setup here is beautiful. Everything is in alignment and as always be patient and expect volatility. The DXY, the Dollar Currency index also starting to break down, so when this is weak, you know, there's that inverse correlation. So there's an inverse correlation with the bitcoin dominance, USDT dominance

and the DXY with the assets. When the assets are going up, these are going down. So that's why it's important to look at these metrics. So this is very very bullish. Global liquidity continues to be the macro leading indicator where Bitcoin is following, so is the stock market. The S and P five hundred you can see, is following the same pattern as Bitcoin on the move again, so is the NASDAC. So notice how all these things are moving with global liquidity, real estate, precious metals as well.

So we are setting up here for the move towards a blow off top come Q four in my opinion. Now we'll have to watch global liquidity close very close, because it's currently showing a top in late September into early October. And if we do see some sort of recovery where it starts moving up again, then of course

you know we'll adjust our thesis accordingly. But as of the data today, right now, it's looking like there's a top come Q four and if it does start to you know, move up again and make new highs global liquidity, that is then you know, I think this could go into twenty twenty six for sure, But right now, like I said, we'll have to keep watching the data. But right now it looks like the top is coming in

Q four. And this aligns with a huge milestone and a huge narrative play, which is Congress passing crypto legislation. And you know, once the Senate gets that through, you know a lot of mainstream media is going to cover it. Everybody's gonna say, wow, Congress has passed legislation, and the crypto is never gonna stop, is gonna keep going. But folks, you all know how it works, right. Markets move in

cycles and it doesn't go up forever. And that's why we're looking at all these different metrics to make sure we don't miss anything and we are as informed and educated about what's happening. And no one can call the exact top, but we want to look for the top zone where we can make sure we are exiting and taking profits if you are planning to do so, and in my newsletter today and if you haven't signed up, make sure you do. It's one hundred percent free. You know,

I highlighted bitcoin's next move. You could see a bit of a chop here, move back up to one twenty, then a bit of a pullback, and then I think a move up to between one twenty eight to one thirty two and possibly higher one thirty five. So we'll see. But the all coin market set up right here is looking very very bullish. There's a really nice setup here for a breakout. So I think this is going to

be a really good month. Now I may be wrong, but I do there's a high probability based on the data now, not because I feel bullish, not because there's bullish news, but the data, the charts, the macro is all showing us that very strong rallies coming. So get ready, you know, if you make sure you've got a profit taking plan and you know where you're exiting the market. So things are looking very nice here, folks. A great place you can buy selling trade crypto is on uphold.

This is a platform I've been using since twenty eighteen. I trust them. I've never had any issues and they offer staking on twenty plus cryptocurrencies and they offer over three hundred plus cryptocurrencies now, they are fully reserved, they don't commingle or lend out your crypto funds, and you can review their transparency report folks. So once again I trust this platform. I've been using them for many years.

And they also have a great rewarse program where you can earn up to five point two five percent on stable coins, and part of that rewarse program you can get twenty four hour early access to new tokens that they list aaple coins. They support our ripples r L, USD where you can earn up to five percent there and USBC where you can earn up to five point

two five percent there. And to participate, you just simply have to log into the app once per month, deposit fifty dollars once per month, and trade fifty dollars once per month. So pretty easy, folks. Once again, great platform that I've been using for years. So if you'd like to learn more about uphold, check out the link in the description. Now, folks, we got some news here that

Bo Hines resigns

Bo Hines, who I've had on the podcast, who worked alongside David Sachs the White House cryptos are he's stepping down from his position to go work in the private sector. He tweeted out. Serving in President Trump's administration and working alongside our brilliant AI and cryptos are David Sachs as Executive director of the White House Crypto Council has been the honor of a lifetime. Together, we have positioned America as the crypto capital of the world. I'm deeply grateful

to the industry for its unwavering support. I love this community and all we've built together. As I returned to the private sector, I look forward to continuing my support for the crypto ecosystem as it thrives here in the United States. Now, David Sachs tweeted out a big thank you message, and he said they have a deep bench, so they'll have some folks who are going to come

in and take over Bow's place. But Bo did some great work, and you know, they got a lot done over the past let's say eight months, guys, so incredible stuff, a lot of wins. So we'll see where Bo lands. Maybe he goes to work in the crypto industry. You know, they'll be very interesting. All right, let's move ahead. We

Banks adopting crypto

got a very interesting list here that thirteen up the top twenty five US banks are building bitcoin products. So you know, this is fro the Bitcoin archive account, so they like to frame the narrative bitcoin, but it's crypto, right. These banks are doing a lot more than bitcoin. But it's interesting. JP Morgan, which is the largest bank. They

haven't announced custody yet, but they have announced trading. Bank of America nothing yet, but they did talk about launching a stable coin City group coming in at number three, and it has to hear high net worth clients only, so they haven't opened it up to all of their retail clients. And it goes on and on, but it's just fascinating to look at a list like this and see who's participating and getting involved. Some haven't fully announced stuff yet, but you know it's in the works. You know.

Just recently we heard about PNC Bank, they're on this list, that they're partnering with coinbase. JP Morgan announced their partnering with coinbase to offer crypto trading. So I think we're going to see all of these folks open up even to retail, not just their high net worth wealthy clients, but all the banks are coming, all the stock exchanges, all the payment companies, credit card companies. I'm sure many of you saw my interview with MasterCards executive vice president

of Digital Assets and blockchain. All of these folks are exploring building testing and they have to because disruptions at their doorsteps. So we're going to see full integration. But it's just fascinating to what. Let's see a list like this, and it's actually from the folks at River. They put together this list, so very very bullish. Now look at this.

Harvard Endowment BlackRock Bitcoin ETF

Harvard Endowment invests one hundred and sixteen million dollars into black Rock Bitcoin ETF. So we're seeing a lot of pensions endowments they are investing in the ETFs, which has made it very easy for them to do so. So Harvard Management Company, the entity responsible for managing the university's fifty three billion dollar endowment fund, has reported a multimillion dollar investment in black Rocks Bitcoin ETF. In a Friday filing with the SEC, Harvard disclose holding about one point

nine million shares of the ihers Bitcoin ETF. As of June thirtieth, the bitcoin exposure was valued at more than one hundred and sixteen million dollars, making it the fund's fifth largest investment for the period after Microsoft, Amazon, Travel technology Company, Booking Holdings, and Meta, Harvard reported its endowment fund was fifty three point two billion dollars as of June thirty at twenty twenty four, making it the largest

among US universities, ahead of Yale, Stanford, and Princeton. Just look at who's investing, folks. It's amazing and this is only going to continue to grow. They're going to grow their exposure. You're going to have more players come in and they have to this, as Paul Trudeer Jones said, is the fastest horse in the race. Meaning they could invest in the stock market as they many of them do currently. They ca invest in real estate and other

asset classes, but nothing's moving like crypto. Crypto has outperformed all of the other acid classes. So this is why you're seeing a race for these folks to add exposure to crypto, and it will go beyond Bitcoin. They're going to do ethereum and the other all coins, xrpiece, Solana

and much more. And I think once the index ETFs are approved, you're going to see more investing on that side because it gives these folks more exposure to the acid class and potentially more upside because all coins tend to outperform Bitcoin at certain parts in the bullmarket. So this is very very bullish and a sign of things to come. Now, Vivo Power shares jump thirty two percent

VivoPower Ripple XRP

on one hundred million dollar Ripple buy plan to boost XRP strategy. Now, many of you know, I've had the CEO and one of the board members, Adam Trademan on the podcast talking about their plans for the XRP treasury strategy. They're going to buy one hundreds of millions of dollars in XRP putting in their balance sheet. Well now they're going to buy some shares of Ripples, So this is interesting.

So Nasdaq listed solar power company Vivo Power International Plc saw its shares jump thirty two point twelve percent to five dollars and ten cents on Friday, after the company announced plans to purchase one hundred million dollars worth of privately held Ripple Lab shares, expanding its XRP focused digital assets strategy. The move, which follows two months of due diligence, we'll see Vivo Power acquire Ripple shares directly from existing shareholders,

pending approval from Ripple's executive management. The company said in a Friday press release. Here's a quote from the CEO. Our portfolio construction strategy is to buy a combination of Ripple shares and XRP tokens. This will allow us to optimize for yield maximization while also maximizing the weighted average costs of XRP acquired. Kevin Chin, who's the CEO, said, so,

this is fascinating. We haven't seen anyone do the token plus shares in a company, so I think this may be the first of its kind, and we could see other companies do the same thing. But I primarily care more about the asset that they're holding XRP, just like other companies are holding bitcoin, because it's a more crypto focused treasury strategy. But hey, look nothing wrong with having kind of a hybrid approach here where you're also getting to share. So very interesting move by Vivo Power. Now

we're Liberty Financial, which is Trump's crypto project. Of course,

World Liberty Financial WLFI treasury

weighs a one point five billion dollar public company to hold the WLFI tokens. So it looks like they want to do a crypto treasury strategy with the WLFI tokens. I don't hold this token. I don't know if any of you do, but we're Liberty Financial. It's very defive focused. They've been buying a lot of crypto tokens and much more so. Let me give it to details. We're Liberty Financial.

The Trump family backed crypto venture is exploring the creation of a publicly traded company to hold its WLFI tokens, with a fundraising target of roughly one point five billion dollars. The structure of the deal is still being finalized, but major investors in technology and crypto have been approached and

discussions are said to be progressing quickly. According to a Friday report from Bloomberg, the move at place, We're Liberty Financial among a growing wave of digital asset treasury companies, which are publicly traded firm holding crypto reserves. These companies have raised an estimated seventy nine billion dollars in twenty twenty five for bitcoin purchases alone, pretty report, and of course most recently there's been a surge and etherorem treasury companies.

There's also some that do salona and obviously xrps just mentioned where Liberty Financial, whose website names Donald Trump as a co founder, launched last year with plans for a crypto lending app and currently offers USD one eight dollar back stable coin. So let's see what they do here. It sounds like they want to start their own publicly credit company or I don't know how they're going to do this, but anyway, everybody's trying to go with this treasury strategy move, and I think I see a bit

of a bubble forming here. Again, not against what they're doing. I think this is great. I think companies diversifying adding some crypto assets can really help them preserve their purchasing power, the cash on their balance sheet. That was the ethos of how this all started. But micro strategy took it to another level of raising debt, and a lot of

companies are using the debt model. I think if they do it in small amounts, it's okay, but if they get too if there's too much of this, it could get very risky, especially in a market downturn or a bear market, and you know, I think we might see some collapses. Honestly, history has shown us this. You know, when there's a lot of leverage in the system, not to mention, you may have poor management of some of

these companies. You know, some ceo, some folks may not be as qualified or very smart to handle these things because it's a very different thing. And again, when when the bear market comes, you know, as Warren Buffett said, when the tide goes out, you'll see who's swimming naked, right, and we'll see how this plays out. Again, I don't want a collapse to happen. I'm just a student of history and markets, and I've seen these things happen. So let's see, folks. This is why I'm saying, we want

to get ahead of these things. And if we are playing to take profits, we make sure we exit the market money in our pockets. And when the bear market comes along and somebodyse come needs go down, there's liquidations and this is where you have the corrections that you know we've seen historically. And that's when I'll be backing up the truck to buy the lows, rins and repeat, preparing for the next bull market of twenty twenty eight.

That is my strategy. You don't have to follow it, but just sharing what I'm looking at, what I'm thinking, based on what we've seen historically, how market cycles play out. This is why we're looking at multiple data points and factors to make sure we are getting a holistic view of the market. Folks, that's the news. Let me know what you think. Leave your thoughts in comments below. A great way you can support me in the podcast is by subscribing to my free email newsletter. It's one hundred

percent free. Link would be in a description. Check out my book on Amazon, it's available in paperback and digital, and my course at mycryptocurse dot com. This is a comprehensive course that teaches you every aspect of crypto knowledge is power expand your knowledge around the crypto asset, class and technology. So go to Mycrypto course dot com. All the links will be in a description. Folks, thank you so much for watching and listening. I appreciate you all and I'll talk to you all later

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