00:00:00: Bitcoin going up thanks to inflation and Solana with interesting partnership in Japan.

00:00:08: That and more on the crypto talk this week!

00:00:21: This

00:00:24: video is not a financial advice.

00:00:28: In today's episode, we will focus mostly on Bitcoin due to the CPI print but also talk details about Solana.

00:00:36: So let us get first started with this new story right here which essentially started with a CPI Print Which was the best reduction month over month since April twenty-twenty.

00:00:47: so estimated it was about three point eight percent and effective.

00:00:51: a CP I print was sitting at three point five percent.

00:00:55: that is actually means due the energy index.

00:00:58: So due to reducing an energy costs, essentially a CPI print was more positive than the market expected and at the beginning of Bitcoin price will just reacting.

00:01:09: maybe one percent may be one point two percent but in the following twenty four hours we have an essential five to ten percent gain into entire crypto-market.

00:01:18: so generally people are again very euphoric and very bullish by.

00:01:23: most traders are saying don't expect too much due to the range that we haven't exited yet and will look at this chart in just a few seconds.

00:01:32: But essentially, we are still in that same range.

00:01:36: trade environment deal or a peace treaty is signed, will we see more positive Bitcoin signs?

00:02:06: Or Is it the Federal Reserve Reduction that will bring positivity towards the Bitcoin price.

00:02:15: Now if you jump to the chart We can see following image and this exactly what traders have been talking about.

00:02:21: essentially were sitting at sixty four thousand seven hundred and still in first third of entire range.

00:02:29: so not out and we're still kind of slowly but surely working our way up.

00:02:35: That is, But if we look at the price in general, We cannot see a bullish turn just yet.

00:02:43: Of course!

00:03:07: Then we will see kind of lower numbers on the Bitcoin price.

00:03:10: So fifty three, fifty four thousand US dollars is still on the table.

00:03:14: I wouldn't count it out especially since people are still talking about The Four Year Cycle which would reach a turning point towards October this year.

00:03:24: so that would technically mean the bottom is not in yet?

00:03:36: Now let's jump to Japan and Let's talk about Japan numbers right here.

00:03:42: And especially, let's talk R three Japan, and they also built a new company called the Solana or SBI Solana global company.

00:04:04: And the main idea are W A real world assets and tokenizing new kind of assets onto the blockchain.

00:04:13: That is essentially what this partnership is about which is very interesting considering that SPI did have huge investment in ripple and a mega kind.

00:04:24: they have supported Solana in this case, because it's more efficient.

00:04:28: It's a faster blockchain maybe more usable if you will as well.

00:04:32: so essentially that is the and essentially the range still in place.

00:04:36: So soon as we cross to three digit number then I would say Solana back in play.

00:04:41: until Then We'll either be In This Range or one range lower which Essentially Would mean Solana Is not an investment opportunity right now.

00:04:50: but of course Solana can turn The tables quite quickly because as much it corrected, you can also jump towards the upside.

00:04:59: That was from CryptoTalk this week!

00:05:01: Make sure that you're subscribed to not miss any other crypto news

00:05:06: and I'll see on.