WEBVTT 00:00:05.980 --> 00:00:08.300 Welcome to the Bitcoin Street Journal Market 00:00:08.300 --> 00:00:11.080 Update podcast, the show where we explore a variety 00:00:11.080 --> 00:00:14.460 of topics that inform and entertain. From interviews 00:00:14.460 --> 00:00:16.820 with interesting guests to solo discussions of 00:00:16.820 --> 00:00:19.559 the latest news and trends, this podcast is sure 00:00:19.559 --> 00:00:21.800 to have something to pique your interest. Make 00:00:21.800 --> 00:00:23.800 sure to hit the subscribe button to stay up to 00:00:23.800 --> 00:00:26.929 date on all of our new episodes. In today's episode, 00:00:27.129 --> 00:00:29.350 we'll cover daily updates on the Bitcoin market, 00:00:29.949 --> 00:00:32.630 including technical analysis, BTC price, market 00:00:32.630 --> 00:00:35.329 capitalization, supply and breaking news, as 00:00:35.329 --> 00:00:37.649 well as recent industry developments, including 00:00:37.649 --> 00:00:40.310 PayPal's investment in Magic, a fall in Bitcoin 00:00:40.310 --> 00:00:43.350 price, Coinbase's launch of futures contracts, 00:00:44.070 --> 00:00:55.719 and continued crypto outflows. Hey there, and 00:00:55.719 --> 00:00:57.460 welcome to the Bitcoin Street Journal Market 00:00:57.460 --> 00:01:00.299 Update, your go -to source for daily live Bitcoin 00:01:00.299 --> 00:01:02.520 market updates. We're here to keep you up to 00:01:02.520 --> 00:01:04.400 speed with the latest in the world of cryptocurrency. 00:01:05.060 --> 00:01:06.859 Today, we're excited to bring you the current 00:01:06.859 --> 00:01:10.120 live Bitcoin technical analysis, Bitcoin, BTC, 00:01:10.500 --> 00:01:13.159 price, market capitalization and market supply. 00:01:13.760 --> 00:01:15.599 Our team has been monitoring the Bitcoin market 00:01:15.599 --> 00:01:17.719 closely, and we're here to share our insights 00:01:17.719 --> 00:01:20.280 with you. But first, let's turn our attention 00:01:20.280 --> 00:01:23.140 to the daily diary of the Bitcoin dream. This 00:01:23.140 --> 00:01:25.019 source is your one -stop shop for all things 00:01:25.019 --> 00:01:27.760 Bitcoin, including breaking Bitcoin news, Bitcoin 00:01:27.760 --> 00:01:30.439 business updates, Bitcoin financial and economic 00:01:30.439 --> 00:01:33.400 news, and Bitcoin world news and video. So make 00:01:33.400 --> 00:01:35.500 sure to check them out for even more great content. 00:01:35.900 --> 00:01:38.120 Now back to our own market update. We know you're 00:01:38.120 --> 00:01:40.239 eager for the latest BTC price and we're happy 00:01:40.239 --> 00:01:42.620 to report that it's holding steady. Our technical 00:01:42.620 --> 00:01:44.780 analysis suggests that the market is showing 00:01:44.780 --> 00:01:46.980 signs of stability, which is always a good sign 00:01:46.980 --> 00:01:49.439 for investors. And as for the market capitalization 00:01:49.439 --> 00:01:51.459 and supply, we've got all the latest figures 00:01:51.459 --> 00:01:53.549 for you. That's it for today's Bitcoin Street 00:01:53.549 --> 00:01:55.629 Journal market update. We'll be back with more 00:01:55.629 --> 00:01:57.849 live Bitcoin market updates soon, so stay tuned. 00:01:58.170 --> 00:02:22.120 Thanks for joining us. The DAP industry grew 00:02:22.120 --> 00:02:25.159 by 10 % in May. However, Bitcoin is experiencing 00:02:25.159 --> 00:02:28.240 a tough time as its price tumbles below $27 ,000 00:02:28.240 --> 00:02:32.180 while the sandbox, Sand, is soaring 6 % daily. 00:02:32.879 --> 00:02:35.639 BTC and ETH are also descending to historically 00:02:35.639 --> 00:02:39.759 low levels, at 0 .016 and 0 .019 respectively. 00:02:40.520 --> 00:02:43.080 The US Commodities Agency might change risk rules 00:02:43.080 --> 00:02:45.879 to consider crypto, which is an interesting development. 00:02:46.589 --> 00:02:48.969 Coinbase is also planning to launch institutional 00:02:48.969 --> 00:02:51.449 -sized Bitcoin and Ether futures contracts next 00:02:51.449 --> 00:02:53.550 week, which could be great news for investors. 00:02:54.250 --> 00:02:57.289 The current NUPL value of 0 .29 indicates that 00:02:57.289 --> 00:02:59.590 we're at the lower bound of the equilibrium phase, 00:03:00.069 --> 00:03:02.669 which is a zone where 37 .5 % of all Bitcoin 00:03:02.669 --> 00:03:05.090 trading days have been. This zone was reached 00:03:05.090 --> 00:03:07.930 in early March 2023 and persisted for about 16 00:03:07.930 --> 00:03:10.620 months in the last two cycles. Crypto lender 00:03:10.620 --> 00:03:13.479 Celsius's $800 million Ether staking shakeup 00:03:13.479 --> 00:03:15.879 has stretched the Ethereum validator queue to 00:03:15.879 --> 00:03:19.000 44 days. Meanwhile, Elon Musk has been sued for 00:03:19.000 --> 00:03:21.280 insider trading with Dogecoin using publicity 00:03:21.280 --> 00:03:24.080 stunts. In other news, the Met Museum in New 00:03:24.080 --> 00:03:27.740 York has agreed to return $550 ,000 in FTX donations. 00:03:28.259 --> 00:03:30.539 Sadly, it's not all good news in the world of 00:03:30.539 --> 00:03:32.740 digital assets. Investment products have seen 00:03:32.740 --> 00:03:36.030 outflows totaling $62 million. marking the seventh 00:03:36.030 --> 00:03:38.330 consecutive week of outflows that now add up 00:03:38.330 --> 00:03:42.650 to $329 million. On the bright side, chat GPT 00:03:42.650 --> 00:03:44.909 -AI predicts that artificial intelligence will 00:03:44.909 --> 00:03:47.710 drastically change our lives by 2030 in seven 00:03:47.710 --> 00:03:49.710 different ways. That's all for now. Thanks for 00:03:49.710 --> 00:04:01.159 listening and stay tuned for more updates. Thanks 00:04:01.159 --> 00:04:03.219 for tuning in to today's episode where we cover 00:04:03.219 --> 00:04:05.819 daily updates on the Bitcoin market and technical 00:04:05.819 --> 00:04:10.020 analysis, as well as big news like PayPal's $52M 00:04:10.020 --> 00:04:12.759 investment in magic, the fall of Bitcoin prices, 00:04:13.280 --> 00:04:15.960 Coinbase launching new futures contracts, and 00:04:15.960 --> 00:04:18.879 continued outflows from the crypto market. Until 00:04:18.879 --> 00:04:21.000 next time, don't forget to subscribe to stay 00:04:21.000 --> 00:04:22.899 up to date on all the latest developments.