Hey Guys,
It’s time for another weekly crypto review, and I’ll start by saying that it looks like the bearish pennant for BTC talked about at the end of the video seems to be playing out.
This makes sense because today is the final day to file taxes in the United States, and chances are some crypto holders are selling at the last minute as they realise how much they owe.
Another factor that could be affecting the crypto market is what’s been going on in India. The TLDR there is that India’s crazy crypto tax kicked in earlier this month, and Indian crypto investors have responded in kind. Trading volume has tanked, exchanges are being cut off from financial services, and Indian officials are getting hacked. Truly crazy stuff.
I wouldn’t be too worried about the current drawdown however, because billions of dollars has been pouring into the crypto industry behind the scenes. Although I do mention a few of these raises in today’s video, it barely scratches the surface of just how much money went into different crypto projects, and how much money is waiting to be invested in them.
Be sure to stick around until the end to find out where last week’s top performing cryptos are headed next!
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⛓️ 🔗 Useful Links 🔗 ⛓️
► Pantera Capital Raise: https://cointelegraph.com/news/panter…
► Blackrock Circle Partnership: https://decrypt.co/97795/blackrock-ha…
► Twitter Takes Poison Pill: https://www.cnbc.com/2022/04/15/twitt…
► Coinbase Insider Trading Accusation: https://beincrypto.com/coinbase-accus…
► Celsius Blocks Non-Accredited Investors In USA: https://cointelegraph.com/news/celsiu…
► Ethereum Merge Delay: https://cointelegraph.com/news/ethere…
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📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
