Latest / The Paul Barron Crypto Show / $70k Bitcoin This Week?📈Crypto Market Update

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$70k Bitcoin This Week?📈Crypto Market Update · The Paul Barron Crypto Show

• 0:08
  Speaker 1: Lot's happening this week. We're going to be breaking down bitcoin.
• 0:10
  Speaker 1: We'll also take a look at a new network for
• 0:13
  Speaker 1: meme coins that I don't think you guys want to
• 0:15
  Speaker 1: miss because we could see some market action that I
• 0:19
  Speaker 1: think you'll like. My name is Paul Baron. Welcome back
• 0:21
  Speaker 1: into tech Path. Let's dive into it today. As you
• 0:23
  Speaker 1: guys can see, I am not in studio. Yes, I'm
• 0:27
  Speaker 1: out at a conference. I actually had a chance to
• 0:30
  Speaker 1: meet up with some blockchain people. But also I'm at
• 0:33
  Speaker 1: a conference that is starting to look at blockchain, crypto
• 0:37
  Speaker 1: and web three technology, possibly to shift one of the
• 0:40
  Speaker 1: biggest markets out there. More on that later, but I
• 0:42
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• 0:45
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• 0:47
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• 1:16
  Speaker 2: It's going to give you a little bit of a
• 1:17
  Speaker 2: discount and we'll go from there.
• 1:19
  Speaker 1: Hey, let's get into a couple of points I want
• 1:21
  Speaker 1: to talk about today. And one of the things that
• 1:24
  Speaker 1: I think is important when you look at not only
• 1:27
  Speaker 1: what the Fed is doing, but also look at the
• 1:30
  Speaker 1: macro elements that are starting to put some pressure on
• 1:34
  Speaker 1: not only the economy, but I think on risk assets
• 1:37
  Speaker 1: as well as traditional assets.
• 1:38
  Speaker 2: And we're going tot into some of that today.
• 1:39
  Speaker 1: All right, So one of the articles I want to
• 1:41
  Speaker 1: hit on right here is the Fed's rate cut cushion.
• 1:44
  Speaker 1: This is good news for crypto because a couple of
• 1:46
  Speaker 1: things that are going to be playing in this I'll
• 1:47
  Speaker 1: zoomed up a little bit for for your consistent view
• 1:50
  Speaker 1: of Wall Street, is that the Federal Reserve will lower
• 1:53
  Speaker 1: overnight baring rates from five point three to three today
• 1:57
  Speaker 1: to three point three to three over the next eighteen months.
• 2:01
  Speaker 1: This is a pretty big deal.
• 2:02
  Speaker 2: So this could have.
• 2:04
  Speaker 1: Two potential factors. One is for the risk markets. The
• 2:07
  Speaker 1: other that I'm concerned with, of course, is going to
• 2:10
  Speaker 1: see things around the traditional markets, and this includes securities,
• 2:15
  Speaker 1: but it is going to affect I think households. Now,
• 2:18
  Speaker 1: how fast that affects households is the question mark, and
• 2:22
  Speaker 1: that's the one we're watching very closely. Another thing I
• 2:26
  Speaker 1: want to jump to is this tweet right here, fed
• 2:28
  Speaker 1: rate cuts finally coming. We've gone thirteen months since the
• 2:31
  Speaker 1: last FED rate cut without a cut, marking the secondest
• 2:35
  Speaker 1: period since nineteen seventies or you know, that's a long time, man.
• 2:39
  Speaker 1: This is only behind June two thousand and six and
• 2:42
  Speaker 1: September oh seven, when we saw a fifteen month between
• 2:45
  Speaker 1: the last rate cut increase for the first reduction. So
• 2:48
  Speaker 1: that is pretty significant when you look at how long
• 2:52
  Speaker 1: the FED has held on to these raids. And I
• 2:55
  Speaker 1: think the one thing that you have to consider right
• 2:58
  Speaker 1: here is one factor is how fast will the FED cut?
• 3:03
  Speaker 1: You know, because there's still a potential hope that we
• 3:06
  Speaker 1: might see a little bit of a move on where
• 3:11
  Speaker 1: the FED could stop. And what I mean by that
• 3:13
  Speaker 1: is is it a quarter point, is a half point?
• 3:15
  Speaker 1: Do we see something that is maybe even more aggressive
• 3:18
  Speaker 1: going into next year. I want to go to a
• 3:20
  Speaker 1: clip real click quick, because I think this will give
• 3:22
  Speaker 1: you an insight of what some of the analysts are
• 3:25
  Speaker 1: thinking in terms of that trajectory.
• 3:27
  Speaker 2: Take a look.
• 3:29
  Speaker 3: Inflation is still about target, and this last part of
• 3:33
  Speaker 3: the journey is always very difficult. And Jerome Powell should
• 3:37
  Speaker 3: know that he declared victory last December, only to find
• 3:41
  Speaker 3: out that in the first quarter of twenty twenty four
• 3:44
  Speaker 3: inflation perths up again. Whether August turns out to be
• 3:48
  Speaker 3: significantly higher job creation or not, the Fed is determined
• 3:52
  Speaker 3: to cut on September eighteenth. I think it is no
• 3:56
  Speaker 3: longer data dependent. In fact, even though the Fed says
• 4:00
  Speaker 3: it is data dependent, they want to interpret the data
• 4:05
  Speaker 3: to suit whatever they want to do. And clearly Jerome
• 4:10
  Speaker 3: Powell and a few of his colleagues are being itching
• 4:12
  Speaker 3: for several months to cut rates. Unfortunately it did not
• 4:16
  Speaker 3: work out in December, and in September of this year
• 4:20
  Speaker 3: they are going to do it. Somewhat made leslie. So
• 4:23
  Speaker 3: my expectation is once they do that, you're going to
• 4:26
  Speaker 3: cast one more of a rally. And now the markets
• 4:30
  Speaker 3: essentially made the Fed promise bread cut twenty five basis
• 4:35
  Speaker 3: points is not going to be enough. On September eighteenth.
• 4:38
  Speaker 3: The market is going to want fifty why not seventy five?
• 4:42
  Speaker 3: Why not keep increasing cutting it by fifty basis points
• 4:46
  Speaker 3: every meeting. Problem with it is there is no end
• 4:50
  Speaker 3: when the Fed becomes a follower rather than the leader
• 4:54
  Speaker 3: of the market. When you don't have set principles that
• 4:58
  Speaker 3: you determine interest rates by, the markets are going to
• 5:01
  Speaker 3: take advantage of it, all right.
• 5:03
  Speaker 1: So a couple of points there that I want to
• 5:04
  Speaker 1: get in on, and one is the idea around this issue,
• 5:10
  Speaker 1: and that is the Federal Reserve's rate cut coot for
• 5:14
  Speaker 1: financial markets. Now, a lot of people have said before,
• 5:16
  Speaker 1: and we've had a couple of analysts on our show
• 5:18
  Speaker 1: before that have talked about this. A couple of points
• 5:21
  Speaker 1: is that once the Fed starts cutting, could that mean
• 5:25
  Speaker 1: the decline of the.
• 5:26
  Speaker 2: Traditional securities market.
• 5:28
  Speaker 1: Reality is, aggressive cuts from the Fed might not be
• 5:30
  Speaker 1: as suite a deal for traders, and if the past
• 5:33
  Speaker 1: is any guy, the rate cuts could end up being
• 5:35
  Speaker 1: a disaster for both the stock and crypto market. So
• 5:38
  Speaker 1: there's a couple of different opinions here dueling it out.
• 5:42
  Speaker 1: But the thing is, as Federal Reserve slashes rates too
• 5:46
  Speaker 1: much or too fast, it could send a message that
• 5:48
  Speaker 1: something is seriously wrong with the economy. I don't anticipate
• 5:53
  Speaker 1: much in the way of a rate cut that is
• 5:57
  Speaker 1: going to be beyond a quarter point. If we get
• 6:00
  Speaker 1: something in and beyond a quarter point, I would say
• 6:04
  Speaker 1: that that means that there is something coming out of
• 6:07
  Speaker 1: the data the chair pal sees.
• 6:10
  Speaker 2: Maybe we don't even know what it.
• 6:12
  Speaker 1: Is, and it could be these jobs numbers, because remember
• 6:14
  Speaker 1: we saw a huge downturn in the adjustment of jobs,
• 6:18
  Speaker 1: and if we actually get some truthful data out of
• 6:20
  Speaker 1: the FED and out of the Bureau of Labor Statistics,
• 6:25
  Speaker 1: it's possible that we could be going into a very
• 6:27
  Speaker 1: very dark time around jobs. That's not necessarily said, but
• 6:30
  Speaker 1: it could move us into a half point. So that's
• 6:32
  Speaker 1: the point I'm getting at. The half point could actually happen.
• 6:36
  Speaker 1: If you look at the daily on bitcoin, you'll see
• 6:39
  Speaker 1: we've got a lot of positive sentiments still, even though
• 6:42
  Speaker 1: that the market is moving a little bit down on
• 6:45
  Speaker 1: the day, But we may see this start to turn
• 6:48
  Speaker 1: out being a good week for bitcoin. So we're watching
• 6:51
  Speaker 1: this right now. If we see any signals that could
• 6:54
  Speaker 1: push us down on bitcoin, we'll definitely keep you guys
• 6:57
  Speaker 1: up to speed on it. Another one that of course
• 6:59
  Speaker 1: we are watching right now is Solana had a nice
• 7:02
  Speaker 1: couple of days over the weekend, running up to one
• 7:04
  Speaker 1: hundred and almost sixty actually I think it hit one
• 7:07
  Speaker 1: sixty two. So again, very bullish right now on Solana,
• 7:11
  Speaker 1: even though on the daily it's looking bearish on the
• 7:15
  Speaker 1: trailing stop, but if you go into the four hour,
• 7:18
  Speaker 1: let me paint that up for you guys, and you
• 7:20
  Speaker 1: can kind of see something this starts get to a
• 7:22
  Speaker 1: little bit more bullish on the trailing stop and money
• 7:25
  Speaker 1: flow is moving in a little bit. Plus you have
• 7:28
  Speaker 1: overall sentiment metrics showing nicely. So a couple of things
• 7:31
  Speaker 1: I would look at right now is how does all
• 7:35
  Speaker 1: of this play out for this week? If people are
• 7:37
  Speaker 1: trading this week, what would be the things that you're
• 7:40
  Speaker 1: watching a couple to kind of keep an eye on.
• 7:43
  Speaker 1: And this is something you've probably seen us talk about
• 7:45
  Speaker 1: on tron is you've got to start looking at is
• 7:48
  Speaker 1: there a meme coin ecosystem that's going to start running
• 7:51
  Speaker 1: and or are we going to see some big announcements
• 7:55
  Speaker 1: coming in from some of these changes, Because timing around
• 7:57
  Speaker 1: these rate cuts around what we'll see maybe with a
• 8:02
  Speaker 1: pretty bullish fall and a lot of these events, Remember
• 8:06
  Speaker 1: ripple swell, Avalanche has their summit, You've got Salana holding
• 8:11
  Speaker 1: break point, You've got Token forty nine. All of that's
• 8:14
  Speaker 1: happening in the next sixty days. So don't sleep on
• 8:18
  Speaker 1: some of these moves. We're going to see some action.
• 8:20
  Speaker 1: Let's go over and continue on here. I want to
• 8:21
  Speaker 1: kind of break into a couple or other elements here.
• 8:25
  Speaker 1: All right, so I want to jump over to this
• 8:27
  Speaker 1: statement right here, we're not bullish enough. Percentage of ethereum
• 8:31
  Speaker 1: held on centralized exchange is now hit a new all
• 8:33
  Speaker 1: time low. Everybody is parking ethereum. That means it's long term.
• 8:38
  Speaker 1: They're ready in for the ride, and people are locked
• 8:41
  Speaker 1: and loaded. Are you still buying ethereum? Are you trying
• 8:44
  Speaker 1: to do any accumulation? This may be the thing that
• 8:47
  Speaker 1: we continue to see some move on supply shock for ethereum.
• 8:51
  Speaker 1: Now I think to get supply shock, we're probably gonna
• 8:53
  Speaker 1: have to see the ETF move a little harder.
• 8:56
  Speaker 2: The other thing that's.
• 8:56
  Speaker 1: Going to play into this is the political landscape. And
• 8:59
  Speaker 1: of course RFK Junior joined the Trump campaign and withdrew
• 9:04
  Speaker 1: from the twenty twenty four presidential election. We kind of
• 9:07
  Speaker 1: saw this coming and that, of course, is if you
• 9:09
  Speaker 1: were following our crypto tracker on politics. He had been
• 9:14
  Speaker 1: falling a lot in the crypto community, so it started
• 9:17
  Speaker 1: to become a two horse race. And if you look
• 9:18
  Speaker 1: at poly market, let me jump over to poly market
• 9:21
  Speaker 1: real quick. Polymarket currently has as of recording right now,
• 9:24
  Speaker 1: and this jumps around a lot. Trump is edging up
• 9:27
  Speaker 1: slightly f fifty percent over forty nine with Harris's campaign,
• 9:32
  Speaker 1: and this is where we're going to probably see a
• 9:33
  Speaker 1: lot more independent voters start to move into the Republican camp.
• 9:37
  Speaker 2: Again.
• 9:37
  Speaker 1: I know that that may not sit well for many
• 9:40
  Speaker 1: of you, but this is the issue I think we're
• 9:42
  Speaker 1: going to be facing, all right. So let's go into
• 9:43
  Speaker 1: another area, and this is going in a little bit
• 9:45
  Speaker 1: deeper on Tron and why we're looking at this chain
• 9:50
  Speaker 1: very closely right now because there are some key significant
• 9:53
  Speaker 1: things and I want to share my screen here with
• 9:55
  Speaker 1: you guys and go a little deeper into the.
• 9:59
  Speaker 2: Coin market cap.
• 10:00
  Speaker 1: Now we'll jump over to coin market cap and let's
• 10:03
  Speaker 1: go down here to what's happening with Tron. Let me
• 10:06
  Speaker 1: zoom in on that right there, guys, ton coin and
• 10:09
  Speaker 1: I understand, yes, Pavel got arrested in France. We understand
• 10:13
  Speaker 1: that that's the founder of Telegram ton Coin, the association there.
• 10:17
  Speaker 1: We saw the drop off. You had a twenty percent
• 10:19
  Speaker 1: rundown on ton coin. Yes, that's the situation. Tron of
• 10:23
  Speaker 1: course flip. But really Tront has flipped both Cardono and
• 10:27
  Speaker 1: ton coins, so let's just make that clear.
• 10:29
  Speaker 2: Tron is on the move. And there's been a lot.
• 10:31
  Speaker 1: Of activity over the weekend on many of the meme coins.
• 10:34
  Speaker 1: And I'll just go over to this tweet right here,
• 10:36
  Speaker 1: because if you look at some of the things that
• 10:38
  Speaker 1: are out there, actually it's this article right here. I
• 10:40
  Speaker 1: want to go to sun Pump. The surge shifts are
• 10:43
  Speaker 1: focusing from Solana to Tron. Solana's pumped dot fun saw
• 10:48
  Speaker 1: forty seven percent drop in launches, hitting five month low.
• 10:51
  Speaker 1: But guess who is growing and that is.
• 10:56
  Speaker 2: Pump.
• 10:56
  Speaker 1: Sunpump is what we're probably going to see moving into
• 10:59
  Speaker 1: the layer of where Tron picks up the you know,
• 11:04
  Speaker 1: the baton when it comes to meme coins, and there's
• 11:07
  Speaker 1: a handful of them that I think we of course
• 11:09
  Speaker 1: have been watching. If you guys are in the diamond circle,
• 11:11
  Speaker 1: get in there, because we'll drop a few nuggets in
• 11:13
  Speaker 1: there for information might be moving. I'm growing now at
• 11:18
  Speaker 1: pumped on funds expense. That's the big one that you
• 11:20
  Speaker 1: guys need to be a paid and attention to.
• 11:23
  Speaker 2: And this tweet right here, I.
• 11:24
  Speaker 1: Think hits it perfectly and that is all eyes on tron.
• 11:28
  Speaker 1: This from Justin Sun after his interview with Ran over
• 11:31
  Speaker 1: Crypto Bantery. So I want to jump over to this
• 11:34
  Speaker 1: WebEx twenty twenty four event. Now there is something that
• 11:38
  Speaker 1: is very interesting happening at this event. You'll notice that
• 11:42
  Speaker 1: I'm on the tron stage, okay, and that's, you know,
• 11:46
  Speaker 1: fairly normal. But if you look at the people who
• 11:49
  Speaker 1: are involved on the tron stay here, Osake Digital Exchange
• 11:55
  Speaker 1: Securities Groups, the Chief Executive Officer of Digital Securityation Department,
• 12:01
  Speaker 1: the Senior Managing Executive officer of the SBI, which is
• 12:04
  Speaker 1: essentially like our sec There's YACHTSU and then of course
• 12:08
  Speaker 1: right there the tron keynote by Justin Sun. Will we
• 12:12
  Speaker 1: see something happening at this event, because it's happening right now,
• 12:17
  Speaker 1: and one of the things that I'm watching is what's
• 12:20
  Speaker 1: happening over here on the Bitflyer stage. And this is
• 12:23
  Speaker 1: the Prime Minister of Japan, and of course the EMMYTI
• 12:28
  Speaker 1: Minister also available and going to be there. And let's
• 12:31
  Speaker 1: don't forget that Sonium's CEO is at the event as well.
• 12:36
  Speaker 1: We reported on this last week. Soniums starting to plug
• 12:40
  Speaker 1: into a handful of blockchains and most likely we're going
• 12:43
  Speaker 1: to see some action there.
• 12:44
  Speaker 2: So just be aware, guys.
• 12:46
  Speaker 1: There are some huge issues starting to brew over at
• 12:50
  Speaker 1: WebEx and all this could play into a big future
• 12:54
  Speaker 1: for a lot of these blockchains going forward. So the
• 12:57
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