Today, as we’ve been talking about, we are seeing bitcoin pulling back, a healthy pullback. You know, the other day I was talking about Bitcoin’s being assigned the daily chart being in the overbought zone. So naturally what you can expect based on the data is that we will see a healthy pullback as we’ve been talking about. The next major target is one hundred and thirty one hundred and thirty two k around there.
It may overshoot and go to one hundred and thirty five. We’ll just have to wait and see. But nevertheless, the market cycles are playing out both from the micro and macro. But we are still in the bull market.
Everything is still in teac and we are still seeing the macro bull market for all assets play out, with gold hitting new all time highs. Gold is over four thousand dollars right now, which is incredible. But obviously you know, we’re not really focused on gold here, but I’m painting the larger picture for you to see that all these assets are following rising global liquidity. And on the weekly chart with this pullback, we’re seeing that the candle that was forming green on the mac D yesterday has now flipped back to light red.
But it still shows the bears are losing the momentum, so bulls are going to take control here. From a weekly standpoint, and of course the higher timeframe the monthly chart, you have to look at this right to see the full picture, and then zoom out on this. We see that the RSI is nowhere close to the overheated zone we’ve seen in the past, and the mac D shows the bulls are in full control. There has been no change there, so we still got room for upside.
You know, I want to address one troll. His name is Able Gaming twenty four. He posted on a video I published and he says he’s always calling for a pullbacks and gets it wrong. Well, Able, I’m using the day here.
It is right. We’re seeing the pullback. As mentioned. It’s not that I want to boast, but I want to highlight.
You look at the data, not our feelings and emotions. Now, if we look at total three where we have the exclusion of bitcoin, e theorem and stable coins, that still shows room for upside as well from the artists, I as well as the bulls are in control in the MACD. So we’re waiting, of course for some liquidity to rotate from Bitcoin down to these alts, so we have to be patient here. However, what we are seeing, folks, is that bn B is one of the leading all coins now it has gotten the mantle as the leading all coin.
We’ve seen this for Solana, XRP throughout this bull market. Now it’s Bnb’s turn. So this is very interesting. BnB rallies to eighty percent to become the third largest cryptocurrency, surpassing XRP.
Now you’re going to see a lot of trolls come out XRP is dead haha. But these are people who are prisoners of the moment. They operate by emotions. As mentioned, we’ve seen rotate of liquidity, so you’re going to see some ebbs and flows here for these different coins.
But what will eventually happen is that the liquidity will hit x ORP Salon and much more, and they will all have their day in the sun. I’ve often stated that every dog has its day in this market. So again, watch out for the people who are prisoners of the moment and are just going to go nuts and start spreading fud. Right, but we don’t want to be involved in low IQ activities like that.
We don’t want to be emotional, we want to be educated. So here’s what crypto wizards said about B and B higher. She goes, writing to a new all time high. Just a few days later, BnB has hit our one three and twenty dollar target would ease.
Once it breaks above it, it will see seventeen hundred dollars. We’re up plus one hundred and twenty five point seven six percent more to come. So again we’re going to watch BnB closely because it’s showing a lot of strength. It’s the all coin that has that mantle on it as you know, the leading all coin here among the pack.
So this is a good sign. This is more confirmation we got room to run because we saw this with Solana and we saw it with XRP. Now, with regards to XRP, if you caught my interview with Caleb Friendzen from this morning, we went over the charts for bitcointy, THEEREM XRP, and Solana. I highly recommend you check it out because he does a lot of Fibonacci analysis and his thesis is for XRP, as long as we maintained the two dollars and sixty eight cents floor, we are pretty good.
You know, based on his price targets, the pullback would be about four dollars and forty three cents. As the next target, the two point six one eight would put us as six dollars. Now, he said, if you use the correction point from Q one, the next target for the one point six one eight would be five dollars and forty four cents, and for the two point six one eight would be eleven dollars and fifty five cents. So of course you all know, I hope this then gets the eleven bucks.
That be amazing. I think it can. You know, there’s a high probability, but there’s no guarantee. I know people want certainty, right, but this is not playing the lottery.
This is not going to the casino. And you know, you throw it on red or black and then you get your outcome. This is investing where you have ebbs and flows. You have multiple factors, global liquidity, you know, macro catalysts and much more.
So you’ve got to be patient. Patience is so important here, folks. I can’t stress that enough. I’ve been here for multiple bull and bear market cycles.
I’ve seen it all, and we’ve seen incredible moves so far, but it takes time for these things to build up for the next move up. So just be patient, folks. The bull market’s not over. So once again, check out that interview with Kale from this morning.
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Bull market activities continue. We have ORANJBTC. From saying that right, we’re officially public. URANJBTC is now listed on B three Brazilian Stock Exchange.
Built in Brazil, made for the world, accelerating bitcoin adoption across Latin America. So they’re the largest bitcoin treasury company in Latin America. And folks, a couple of takeaways here. One, IPOs are happening, We’re still in the bull market.
No one goes public in a bear market, right, I’ve said that many times. Second, this thing is happening around the globe. Crypto’s a global asset class. So we’ve been seeing a lot of companies in the United States go public, but look at this.
This is happening in Brazil. There’s been some Hong Kong as well, so clearly people are bullish they’re going public. It reminds me of the dot com boom in the nineties, right, a lot of different dot com companies going public and much more now. I know some of you are going to say, but Tony, wasn’t there a bubble? Yes, but every acid class in the market has bubbles the dot com technology era of that time, the real estate market of course, and crypto has gone through its mini bubble phases.
But this could be the big one. In addition to other acid classes, right, I think we’re in the everything bubble. You’re seeing precious metals goal rip, the stock market, ripping, real estate’s new all time highs, all of its following global liquidity. But anyway, the major takeaway here is the cyclinable market.
Companies are going public, people are bullish and crypto and it’s happening around the globe. Now. Speaking of going public and stock exchanges, the New York Stock Exchange owner the Intercontinental Exchange rises after it takes a two billion dollar stake in Polymarket. So essentially the parent company of the New York Stock Exchange has invested in Polymarket.
If you can’t beat them, join them. This is a massive capitulation. We are seeing capitulation across the board, Vanguard, JP, Morgan City Bank, you name it. They are all bending the knee to this technology and acid class.
So the deal values at Polymarket are approximately eight billion dollars. This is incredible. It’s just a sign of the times. We’re seeing the convergence of trad fi and crypto folks.
And as I’ve been telling you guys, the future of the markets, governments, and economies will all run on blockchain rails. Now, speaking of stock exchanges, s and p unveils, digital markets, fifty index tracking cryptos and blockchain stocks. But wait a minute, I thought this was all a scam. It’s a ponzi right, it’s all fake.
It’s only used for money laundering. That’s the mentality and the mindset a lot of people out there have because they haven’t taken the next step to research this for themselves. They just read headlines. They don’t go beyond their political bubble or the narrative bubble and say, you know, let me go look at what’s happening here, let me look at both sides, let me educate myself.
But clearly the infrastructure is being built out here for this market, and as mentioned, you know the convergence of tradfi and crypto, so we’re seeing a lot of services, infrastructure, white glove services, and data and analytics being built out that have existed for traditional assets. So this is all very bullish. So SMP Global plans to launch a new benchmark index that tracks a wide range of digital assets and blockchain related companies, signaling growing recognition of the crypto sector within traditional finance. The SMP Digital Markets fifty index, created in partnership with tokenization company Dinari, includes fifteen cryptocurrencies with a market capitalization of at least three hundred million dollars and thirty five publicly traded companies in a sector with a market cap of at least one hundred million dollars SMP announced Tuesday.
Constituents have not yet been published, but no single component will exceed five percent of the index. Some of these sectors’ biggest companies include Bitcoin Treasury Company Strategy also known as micro Strategy, Crypto Exchange, Coinbase, and Bitcoin minor Riot Platforms. Folks, when I see stuff like this, I just sit back and I’m like, Okay, I’m getting ready not only for this bull market, like I’ve said many times, but future bull markets because all of this will usher in more capital. There’s going to be more building, more financial products being built around crypto.
And this is before we’ve gotten the Clarity Act passed, before market structure is in place, so you can imagine what’s going to happen post market structure being passed into law. Right, So I hope you’re gonna stick around with me for the ride, because, like I said, I don’t just want to make money now, but for the future markets. And there’s more to come out of this market, guys. There’s more to be built here, and it’s a global asset class, so a lot of capital is going to come in.
Here’s another example of trad FI merging with crypto b and Y Yes, b and y Melon. America’s OLAS bank explorers tokenize deposits to power two point five trillion dollar daily payment network. Of course, there, guys, I mean it’s incredible. What’s happening bny Melon.
They launched crypto custody already. They are the world’s largest custodial bank. They have been before crypto so b and why the largest custodian bank in the world is exploring tokenized deposits to enable clients to transfer funds instantly twenty four to seven while easing constraints of its legacy systems. Remember what I’ve been telling you guys for years, We’re headed to the token economy twenty four to seven, trading three hundred and sixty five days, no more opening a closing belt that will be a thing of the pass, a relic of the past, right of traditional finance.
We are going to be trading and having truly global markets running on the blockchain, verifiable instant settlement, and much more so. Carl Slabiki executive platform owner for Treasury Services at B and Y told Bloomberg that the project is part of an effort to upgrade real time and cross border payments, aiming to move a portion of its two point five trillion dollars daily payment flow onto blockchain rails. I’m going to repeat myself for the million time. The future of the markets, economies, and governments will all run on blockchain rails.
Book it, learn what the hell is happening here. Pick your horses, Look at the blockchain these firms are using, and buy the blood on the streets, the fear, and just sit back and be patient. Don’t try to use leverage, don’t try to day trade it. Just hold it, hold it and that could be holding it over time, years, and much more.
But you’re going to get the best return. As poll Tudor Jones said, cryptos the fastest horse in the race among assets, so compared to gold, stock market, real estate, cryptos outperformed all of those asset classes. So tokenized deposits can help banks overcome legacy technology constraints, making it easier to move deposits and payments across their own ecosystems and eventually across the border market as standards mature, Slabiki said. Tokenize the are digital coins backed one to one by commercial bank money, unlike stable coins, which are often backed by securities or third party reserves.
Tokenize deposits represent direct claims on commercial bank balances. Huge, huge news here, folks, big power players getting involved, and it’s amazing to see the capitulation. All right, final news item here. Life Insured Meanwhile raises eighty two million dollars for bitcoin financial products.
I had interviewed the CEO of MEANWHILE. I think it was last year. They’re doing some very interesting things. A lot of products are services are going to be built around bitcoin and all coins as the acid class continues to mature, as we have regulation, and you know, with Tradify coming in, you know they’re going to get creative and try to mimic products that exist for traditional assets with crypto.
So I think we’re going to see a lot of innovation and creativity guys, especially once the Market Structure Bill passes. So Bitcoin Life Insurance Company Meanwhile has raised eighty two million dollars in a new funding round led by Baine Capital, Crypto and Han Ventures. The company regulated by the Bermuda Monetary Authority plans to use the funds to meet surging demand for bitcoin denominated retirement and inflation proof savings products. According to a Tuesday announcement, MEANWHILE offers bitcoin based life insurance, annuities, savings products and insurance bonds for individuals and institutions, with all premiums, policy values, and claims managed in bitcoin.
Very very interesting. So Apollo, Still Mark and Northwestern Mutual Future Ventures also contributed to the funding round. The new funding brings meanwhile’s total capital raised from twenty twenty five to one hundred and twenty two million dollars, adding to its forty million dollars Series A from April, led by Framework Ventures and Vulgar Ventures. Man, they’re grabbing a lot of money here, and I think the institutional investors, the VCs and the hedge ones, they recognize what’s coming, right.
I’m sure they’re hearing a lot of things through the grapevine because, like I said, it would justify coming in. They’re going to want all the bells and whistles and components that exist in the traditional finance world for those assets, right, those respective assets. So the early bird here who is able to get the headstart and build. These products can do really well.
And it’s a smart move here by these folks. So Zach Townsend, who once again I’ve interviewed CEO meanwhile, told Telegraph that having investors from both crypto and traditional finance showed both domains see bitcoin as a foundational asset for savings protection and intergenerational wealth transfer.