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Bitcoin Breaking Point️‍🔥Crypto Market Crash Update📉 · The Paul Barron Crypto Show

• 0:07
  Speaker 1: Bitcoin and the crypto markets are crashing today. We're going
• 0:09
  Speaker 1: to be diving into what is causing all of this mayhem.
• 0:12
  Speaker 1: You don't want to miss it. My name is Paul Baron.
• 0:14
  Speaker 1: Welcome back in a tech path. Let's get into it.
• 0:16
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  Speaker 1: link down below to get started. Let's go over to
• 0:52
  Speaker 1: a couple of points I want to lead off with here.
• 0:54
  Speaker 1: Is this the post election rally over? Some people are saying,
• 0:58
  Speaker 1: is this it is the market over? Is the potential
• 1:01
  Speaker 1: for us seeing a true four year cycle gone. The
• 1:06
  Speaker 1: SMP is now trading below November fifth levels. That's the
• 1:09
  Speaker 1: big attestment here and it's erased almost two and a
• 1:12
  Speaker 1: half trillion of market cap in four weeks, So a
• 1:16
  Speaker 1: pretty big pressure cooker right now.
• 1:18
  Speaker 2: What does this mean?
• 1:19
  Speaker 1: We're gonna break it all down for you. A couple
• 1:21
  Speaker 1: of other tweets I want to kind of flow in on.
• 1:24
  Speaker 1: This is one from Eric Balschunas talking about ETFs. But
• 1:27
  Speaker 1: he's saying this the whole time, is that the biggest
• 1:29
  Speaker 1: risk to bitcoin is stocks or boomer markets going down.
• 1:33
  Speaker 1: This is the price you pay for being hot sauce
• 1:36
  Speaker 1: in terms of the asset class in when it comes
• 1:39
  Speaker 1: to ets. But the good news is Trump will probably
• 1:41
  Speaker 1: bend over backwards to kind of keep the stock market up.
• 1:44
  Speaker 2: So I would agree with that to a certain extent.
• 1:46
  Speaker 1: The other thing is is Trump is going to put
• 1:48
  Speaker 1: pressure to continue to reduce rates. That's the other thing.
• 1:51
  Speaker 1: We have FOMC coming in at the end of this month,
• 1:54
  Speaker 1: which a lot of people are calling for a flat.
• 1:56
  Speaker 1: If that comes in as a flat or no race
• 1:59
  Speaker 1: or an a no decline in interest, that could be
• 2:02
  Speaker 1: another factor. And of course Trump will be in office
• 2:04
  Speaker 1: by then, so we'll probably see a lot of activity.
• 2:07
  Speaker 1: If you look at the market right now, this is
• 2:09
  Speaker 1: the traditional SMP fear and greed is literally teetering on
• 2:14
  Speaker 1: extreme fear. It's the first time we've seen this in
• 2:16
  Speaker 1: a long time. The other thing is if you look
• 2:18
  Speaker 1: at the crypto markets this time last month, we were
• 2:22
  Speaker 1: on extreme greed at eighty three. Look at where we
• 2:26
  Speaker 1: are right now, hovering around sixty one. We could be
• 2:28
  Speaker 1: dropping into fear very quickly, even within the bitcoin and
• 2:33
  Speaker 1: crypto markets. Other factors to compare this to is where
• 2:37
  Speaker 1: is bitcoin going to be?
• 2:38
  Speaker 2: Well?
• 2:38
  Speaker 1: Some analysts are saying sixty nine K is in the cards.
• 2:42
  Speaker 1: And if you look at a couple of points within
• 2:44
  Speaker 1: the article here, I want to hit on a few
• 2:45
  Speaker 1: of these long anticipated by market observers to move. Obviously,
• 2:50
  Speaker 1: many took daily losses nearly five percent, liquidated more than
• 2:53
  Speaker 1: half a billion in crypto long positions. A combination of
• 2:56
  Speaker 1: market nervousness, surging dollar strength, all of this ahead of
• 2:59
  Speaker 1: the inauguration is all potentially saying, oh, well, maybe this
• 3:04
  Speaker 1: is the priced in lull right before the storm. That's
• 3:08
  Speaker 1: what people are kind of hoping for. Bitcoin has a
• 3:10
  Speaker 1: strong techno support around eighty six.
• 3:12
  Speaker 2: We'll see if it blasts through that.
• 3:14
  Speaker 1: This is the area of the sub ninety that I've
• 3:16
  Speaker 1: been talking about for a little bit, is being concerned
• 3:18
  Speaker 1: about if we do see a sub ninety, where is
• 3:21
  Speaker 1: the next stop? Secondary support says it's at around seventy
• 3:25
  Speaker 1: six K. So we are going to have some traders
• 3:27
  Speaker 1: later in the week to kind of break this down
• 3:29
  Speaker 1: for you. Hopefully we'll see a little different action as
• 3:32
  Speaker 1: we get going in on it.
• 3:33
  Speaker 2: Now.
• 3:33
  Speaker 1: Part of this is still the narrative coming in a
• 3:35
  Speaker 1: Wall Street. One of the big narratives on bitcoin and
• 3:39
  Speaker 1: has always been this is Jamie Diamond.
• 3:42
  Speaker 2: Let me go to his clip.
• 3:43
  Speaker 3: Said that it's as useless as a pet rock.
• 3:47
  Speaker 2: What do you really think.
• 3:48
  Speaker 4: You're gonna have some kind of digital currency at one point?
• 3:51
  Speaker 4: So not against crypto. You know, bitcoin itself has no
• 3:54
  Speaker 4: intrinsic value. It's used heavily by sex traffickers, money launderers,
• 4:00
  Speaker 4: ransom we are So I just don't feel great about bitcoin.
• 4:03
  Speaker 4: I applaud your ability, don't want to buy or sell it,
• 4:05
  Speaker 4: just like I think you have the right to smoke,
• 4:07
  Speaker 4: but I don't think you should smoke.
• 4:10
  Speaker 1: Since he all right, So he's been in that camp
• 4:12
  Speaker 1: for quite some time. I think he had softened his
• 4:15
  Speaker 1: position slightly. Metal Lawman kind of hits it up right here.
• 4:18
  Speaker 1: I never understood Daman James's Bitcoin Ponzi scheme. Take imagine
• 4:21
  Speaker 1: a ponzi seam like Bernie made Off had put all
• 4:23
  Speaker 1: his transactions on a public blockchain for everybody to see. Well,
• 4:26
  Speaker 1: there wouldn't have been a Ponzi scheme at that point,
• 4:29
  Speaker 1: so it would have.
• 4:30
  Speaker 2: Been instantly opposed.
• 4:32
  Speaker 1: So what's fascinating is Jamie Diamond knows how these ponzi
• 4:34
  Speaker 1: schemes work so far. I wonder why he would keep
• 4:37
  Speaker 1: calling keep calling Bitcoin a ponzi scheme. So that's something
• 4:40
  Speaker 1: that of course metal law man and SEC trained attorney
• 4:45
  Speaker 1: understands where this is going. I want to go into
• 4:47
  Speaker 1: another clip, and this is Tom Lee. He gets into
• 4:49
  Speaker 1: a little bit more detail of where the market is going.
• 4:52
  Speaker 1: And this is kind of a two sided clip.
• 4:54
  Speaker 2: So take a look. So we got inflation this week.
• 4:57
  Speaker 2: There are concerns.
• 4:58
  Speaker 3: I think I tie a lot of the weakness the
• 5:00
  Speaker 3: market to that.
• 5:01
  Speaker 2: Are these important numbers?
• 5:03
  Speaker 5: Uh, It's it's important because as you know, we've been
• 5:06
  Speaker 5: correcting now for almost a month right, twenty three trading days,
• 5:09
  Speaker 5: and this Wednesday is an important day because it is
• 5:13
  Speaker 5: a possible turning point for markets, and I would like
• 5:17
  Speaker 5: to see CPI come in below you know, zero point
• 5:20
  Speaker 5: two five or so, and I think that would give
• 5:22
  Speaker 5: that jolt to confidence for markets. On top of I
• 5:25
  Speaker 5: think earnings, which is going to be a positive catalyst.
• 5:29
  Speaker 5: But for investors in the near term, I think they
• 5:32
  Speaker 5: got to ride out the volatility because I think yields
• 5:34
  Speaker 5: here have made people nervous.
• 5:36
  Speaker 1: What is the movement in bitcoin stadium?
• 5:39
  Speaker 3: So we're ninety one thousand, What is that?
• 5:41
  Speaker 4: What is that a signal or a sign of anything
• 5:43
  Speaker 4: in this sort of analysis stupid.
• 5:45
  Speaker 2: Fed Yeah, cuttings.
• 5:48
  Speaker 5: Yeah, bitcoins down roughly fifteen percent from its highs, which
• 5:52
  Speaker 5: for a hyperviotyal acid is a pretty normal correction and
• 5:55
  Speaker 5: it is slightly following global liquidity.
• 5:58
  Speaker 2: But we're pretty early in this half cycles.
• 6:00
  Speaker 5: So to me, I think bitcoin in the near term Again,
• 6:04
  Speaker 5: our technician thinks seventy thousand is where we can sort
• 6:07
  Speaker 5: of make a stand. Means you're getting a big opportunity
• 6:10
  Speaker 5: because I think bitcoin's going to be one of the
• 6:12
  Speaker 5: best performing assets.
• 6:13
  Speaker 1: All right, So as you can see the pressure on
• 6:15
  Speaker 1: the market is mounting in a big way. And I
• 6:18
  Speaker 1: would say this, guys, is that Wednesday, this week we
• 6:21
  Speaker 1: get the CPI numbers that Lee was representing there. This
• 6:24
  Speaker 1: could possibly be the biggest day of trading that we've seen,
• 6:28
  Speaker 1: maybe as far back as six months ago when the
• 6:31
  Speaker 1: Fed really was starting to be in the.
• 6:33
  Speaker 2: Heyday of cutting.
• 6:34
  Speaker 1: And I also think that we are probably not going
• 6:36
  Speaker 1: to see as many cuts, if any, in twenty twenty five.
• 6:40
  Speaker 1: That will put some pressure on the dollar. If we
• 6:42
  Speaker 1: do see the dollar start to dip, which I think
• 6:45
  Speaker 1: is really a narrative that Trump needs, is the dollar
• 6:48
  Speaker 1: to a weeken slightly because of the opportunity you know
• 6:52
  Speaker 1: in many of the other asset classes, including securities like
• 6:55
  Speaker 1: stock market. That's the big factor that plays out on this.
• 6:58
  Speaker 1: All of that being said, you still have another major
• 7:01
  Speaker 1: issue that's happening this week and next, and that is
• 7:04
  Speaker 1: TikTok's ban.
• 7:05
  Speaker 2: This could really happen.
• 7:06
  Speaker 1: This is only five days away, and of course Frank
• 7:10
  Speaker 1: McCort Kevin O'Leary making a heavy charge into Trump Land
• 7:15
  Speaker 1: to try to get this positioned up as a transition
• 7:18
  Speaker 1: of divesting TikTok to a US company. That US company
• 7:23
  Speaker 1: also tied to a potential blockchain project on Polka dot
• 7:27
  Speaker 1: All that is playing into the market. The other thing
• 7:29
  Speaker 1: that's playing into the market right now is Bitcoin continues
• 7:32
  Speaker 1: to get purchased by micro Strategy, and now they're grading up,
• 7:36
  Speaker 1: grabbing up more now surpassing four hundred and fifty thousand
• 7:39
  Speaker 1: bitcoin overall. And if you look at that in comparison,
• 7:43
  Speaker 1: I think they're just not slowing down in terms of
• 7:44
  Speaker 1: acquisition of bitcoin. And it didn't even move the market,
• 7:48
  Speaker 1: in fact, if it barely made a dense So I
• 7:50
  Speaker 1: think I wonder if we are at a point where
• 7:53
  Speaker 1: the market is more concerned about macro rather than the
• 7:57
  Speaker 1: narratives that are being painted out there within the market overall.
• 8:01
  Speaker 1: Let me know what you guys think. By the way,
• 8:03
  Speaker 1: if you're not subscribed to the channel, make sure and
• 8:04
  Speaker 1: do that right now. I want to get your opinions
• 8:06
  Speaker 1: on do you think that the market is going to
• 8:09
  Speaker 1: continue to push downward like what Lee is representing, or
• 8:13
  Speaker 1: do you think this is just a short period of
• 8:16
  Speaker 1: a lull in January that we've seen before in these
• 8:19
  Speaker 1: four year cycles. Let me know what commons down below.
• 8:22
  Speaker 1: Other thing to watch right now is the US dollar.
• 8:25
  Speaker 1: The Dixie is now surpassing the one ten level for
• 8:27
  Speaker 1: the first time since November twenty twenty two. This will
• 8:30
  Speaker 1: have an effect on bitcoin, gold, other commodities out there,
• 8:34
  Speaker 1: other things that play around.
• 8:35
  Speaker 6: This.
• 8:35
  Speaker 1: US dollar peaked right around Trump's first inauguration. We saw that,
• 8:39
  Speaker 1: and of course we saw the adjustment off of that.
• 8:41
  Speaker 1: Of course that was a different time. And then of
• 8:44
  Speaker 1: course you have to look at this right here, and
• 8:45
  Speaker 1: that is the US Treasury Secretary. This is Scott Bess
• 8:49
  Speaker 1: and he's coming in. This will be replacement of janety
• 8:51
  Speaker 1: Eellen owns about five hundred thousand worth of bitcoin, not
• 8:55
  Speaker 1: that much but in reality because this guy's close to
• 8:57
  Speaker 1: a billionaire, I believe. But the interesting thing is the
• 9:00
  Speaker 1: fact that he does own it, and I think that is.
• 9:03
  Speaker 2: Still a value.
• 9:04
  Speaker 1: I still believe we're probably going to see some attack
• 9:08
  Speaker 1: on the valuation of gold to try to because remember
• 9:11
  Speaker 1: that Besson is going after his three pronged attack on
• 9:15
  Speaker 1: trying to adjust the economic condition of the United States.
• 9:19
  Speaker 1: So a lot to be watching what the new incoming
• 9:21
  Speaker 1: Treasury of Secretary Treasure comes in and what he's going
• 9:26
  Speaker 1: to be doing. I want to go to another clip
• 9:27
  Speaker 1: real quick, because this is the dollar versus technology.
• 9:31
  Speaker 3: Take a look the rising dollar. I'm looking at a
• 9:33
  Speaker 3: one week chart of the dollar. It's up about one
• 9:34
  Speaker 3: and a half percent. These are tremendous moves when it
• 9:37
  Speaker 3: comes to a currency. We did get a spike after
• 9:39
  Speaker 3: the Jaws report, but still it was still moving higher
• 9:41
  Speaker 3: last week overall, but we have seen a lot of
• 9:43
  Speaker 3: weakness in tech.
• 9:43
  Speaker 2: Day and let's just be fair.
• 9:44
  Speaker 3: Tech has to be the engine moving it forward. So
• 9:47
  Speaker 3: if we go to the next FED meeting coming up
• 9:49
  Speaker 3: later this month and the FED continues to be hawkish,
• 9:52
  Speaker 3: you see that continuing to impact the tech trade, because
• 9:54
  Speaker 3: that seems to be the inflection point even for the
• 9:56
  Speaker 3: tech trade, even though we call these stocks defensive just
• 9:59
  Speaker 3: because of their bulletproof you know, cash holdings and everything else.
• 10:04
  Speaker 4: Yeah.
• 10:04
  Speaker 6: Look, and that's also why you have a diversified view
• 10:06
  Speaker 6: in terms of whether it's an oracle, whether it's a Microsoft,
• 10:09
  Speaker 6: and some of the more high growth themes like a
• 10:11
  Speaker 6: pound tier tests and others.
• 10:13
  Speaker 2: Look, it's going to be aheadwind.
• 10:14
  Speaker 6: But our playbook the last few years has been you
• 10:18
  Speaker 6: use these opportunities to own the winners. And that's why
• 10:21
  Speaker 6: I get the bears are going to come out right now.
• 10:23
  Speaker 6: The bond market the ten years is going to ultimately dominate.
• 10:26
  Speaker 6: But we're only halfway through Tech bowl market. And that's
• 10:29
  Speaker 6: why I still believe tech stocks are up twenty five
• 10:31
  Speaker 6: percent this year.
• 10:32
  Speaker 2: We look back at this.
• 10:33
  Speaker 6: As an opportunity, not time to hit the elevator and
• 10:36
  Speaker 6: ultimately hit the exit.
• 10:37
  Speaker 1: All right, So, as you can see from Maclip, they
• 10:39
  Speaker 1: were really kind of in a bit of a disarray
• 10:41
  Speaker 1: as to how this is going to truly play out.
• 10:44
  Speaker 1: Kobec kind of hits on this. US tech stocks performing
• 10:46
  Speaker 1: at almost two x ratio, doubled over the last five years,
• 10:50
  Speaker 1: and if you look at this compared to the two
• 10:51
  Speaker 1: thousand and eight financial crisis, US tech stocks still outperformed
• 10:55
  Speaker 1: its global peers by almost five x. So very interesting
• 10:59
  Speaker 1: times ahead as as we start to play into the
• 11:01
  Speaker 1: market with the strength of AI, with the strength of
• 11:04
  Speaker 1: the potential of digital assets playing into the market. I
• 11:08
  Speaker 1: still think technology is going to break out and be
• 11:11
  Speaker 1: one of the big stories for the year. With that
• 11:14
  Speaker 1: being the case, you've got Donald Trump Junior coming in.
• 11:16
  Speaker 1: He's taken a role advising the prediction market. Cal She,
• 11:19
  Speaker 1: remember cal She is the competitor to polymarket, So the
• 11:23
  Speaker 1: US competitor to poly market. So very interesting that we
• 11:26
  Speaker 1: have Trump Junior stepping into this to assess how this
• 11:29
  Speaker 1: is going to assess or impact politics and elections. Remember,
• 11:34
  Speaker 1: mid terms are going to be a big part of
• 11:35
  Speaker 1: this coming in just eighteen months away. As we start
• 11:38
  Speaker 1: to see things line up for the next election. One
• 11:42
  Speaker 1: of the things to look at while market maldown is
• 11:44
  Speaker 1: happening is RP. XRP has been able to hold and
• 11:47
  Speaker 1: of course it's broken a new pattern here, so it's
• 11:49
  Speaker 1: definitely in a new discovery zone. We're going to be
• 11:52
  Speaker 1: watching XARP very closely.
• 11:53
  Speaker 2: We we'll get another video out to you guys this
• 11:55
  Speaker 2: week as well. Other things to look at.
• 11:58
  Speaker 1: If you think about XRP is where does it line
• 12:00
  Speaker 1: up right now on market cap.
• 12:01
  Speaker 2: Well, if you look at.
• 12:02
  Speaker 1: Eth and XRP, if it continues at a pace that
• 12:07
  Speaker 1: compares to ethereum, when you look at the trade on
• 12:10
  Speaker 1: this is the Eth, this is the monthly chart on
• 12:13
  Speaker 1: Eth XRP, that is the difference in the performance between
• 12:17
  Speaker 1: these two assets. Could we see XRP actually become the
• 12:21
  Speaker 1: number two token. That's a big question for everybody. Last
• 12:25
  Speaker 1: up of course I want to hit on. Is analysts
• 12:27
  Speaker 1: looking at XRP looking excellent as it predicts another rally
• 12:31
  Speaker 1: for the large cap and I think there's a couple
• 12:33
  Speaker 1: of points within here maybe ready to spark a little
• 12:36
  Speaker 1: bit of a step up and again very bullish compared
• 12:39
  Speaker 1: to its last time that it started back in November.
• 12:42
  Speaker 1: Every time I start doubting whether it's going to blow
• 12:44
  Speaker 1: off top or Crypto, I look to the XRP chart
• 12:46
  Speaker 1: and then everybody says, yeah, don't worry about it, we're
• 12:49
  Speaker 1: getting ready, just set up, and the market is still
• 12:52
  Speaker 1: in play. Let me know what you guys think. Drop
• 12:55
  Speaker 1: some comments down below. Do you think this is it
• 12:58
  Speaker 1: for this bull run or do you believe that it's
• 13:00
  Speaker 1: just getting started. Drop a comment. If you're not subscribed
• 13:04
  Speaker 1: to the channel, do that as well, and also jump
• 13:06
  Speaker 1: into the diamond circle. Follow me out there on x
• 13:08
  Speaker 1: at Paul Baron. We'll catch you next time right here
• 13:10
  Speaker 1: on Techpath