00:00:00: Clarity Act coming this week.

00:00:03: Bitmine buying Ethereum and NIR is actually looking very nice, that and more in the crypto talk at.

00:00:10: In

00:00:22: this week's

00:00:28: episode, we will focus on Bitcoin Ethereum but also quickly talk about Solana.

00:00:35: But then we'll also talk about the AI coin.

00:00:38: near that We Will discuss Quickly On Why It Is Looking Bullish?

00:00:43: First let's jump into This New Story Right Here.

00:00:45: The Bitcoin Price Has Risen Towards Eighty Thousand Then Come Back Currently Sitting At Just Above Or Below Seventy Seven Thousand US Dollars And Main Reason Being U.S.

00:00:57: President Trump is tweeting that they might actually engage with Iran, the concept of which we are open to.

00:01:05: then he tweets again.

00:01:07: With a temporary exception off oil price or coming down sharply and oil will drop like rock as soon as the military conflict with Iran And we will see whether that would be enough for the oil prices to drop, which is currently sitting between a hundred and one-hundred five depending on WTI or Brent crude.

00:01:32: But nonetheless, uh... The main situation is of course the Clarity Act On One Side.

00:01:38: then We have the Federal Reserve Meeting On Wednesday Which Currently Looks Like We Are Getting A Raise About Twenty Five Basis Points but We Will See Whether This Is Already Priced In.

00:01:50: A Lot Of People Are Saying this is priced into the markets, so hopefully we won't see a strong reaction.

00:02:01: is of course the Clarity Act.

00:02:03: Now, The Clarity act should be voted on these days.

00:02:07: currently it's still up for discussion.

00:02:10: Democratic senators are actually saying we have a counter proposal and this counterproposal might actually your last best an final offer towards Republicans.

00:02:22: whether they will agree then pass the clarity act I'm not sure.

00:02:28: but ofcourse the republicans as well Donald Trump want to see the clarity act in action.

00:02:33: It's not just these two politicians or politician parties.

00:03:03: reserve and the tensions in the Middle East.

00:03:07: But if we are jumping into hours or days, depending on the clarity act.

00:03:24: And I think other than that we might actually fall back into this range so we might kind of extend this range right here again it looks like a new range here is forming and in an ideal case We will kind of bounce here at the bottom because we're pretty much At the bottom off this new range and then go towards eighty one thousand US dollars.

00:03:45: chance are not looking too bad.

00:03:47: however Let's say worst case scenario.

00:03:50: Iran war is continuing federal reserve is raising rates It's not priced in and the clarity act is not passing.

00:03:57: then I'm seeing Bitcoin prices drop below seventy five thousand US dollars.

00:04:03: Then let's continue with Ethereum because bitmine is buying ethereum, And as holding almost five percent they're talking about four point nine percent of of the entire Ethereum supply and five million of those are already staked.

00:04:21: So, five point nine three million Ethereum in total... Five million of them have been already staking at a seven day annualized yield of two point six one percent which again makes Bitmine more interesting hold for especially Ethereum focused investors.

00:04:40: And at the same time, it kind of depends on how Bitcoin will behave because as we've looked at the chart here.

00:04:47: Bitcoin is struggling a bit to go towards AD a thousand US dollars whereas Ethereum Is looking still much more bullish in my opinion.

00:04:55: so after this jump Still going sideways and still holding the line At around two thousand four hundred seventy us dollars I still believe We'll see a bounce here Towards three thousand US Dollars fairly soon.

00:05:09: Same thing with Solana, although Solana is really battling this three digit number of a hundred US dollars kind of gained on the upside then came back down.

00:05:19: And now ideally again as well we will see a bounce here before going towards kind of two-digit range and I still think Solana might actually go up.

00:05:32: However, chances are of course that we're not seeing a lot staking near tokens.

00:06:03: So you can stake your near tokens and then use with a privacy element, You can use those models which is in my opinion actually quite the big selling point here.

00:06:13: And if you look at the near chart it looks nice.

00:06:17: I think near might jump to around three US dollars fairly soon.

00:06:21: Here we've seen that three us dollar line kind of being forced just recently in May, June.

00:06:28: And I think this will attempt a new one.

00:06:32: and after these breaks?

00:06:34: Next up we're looking at five US dollars!

00:06:36: This is very realistic for near but i would say four now three usd and then even three dollars and sixty cents and then afterwards i think we are going towards five u.s dollars.

00:06:49: so ideally with nir's innovation happening On NIR's actual own infrastructure, I would say this is fairly the bullish kind of investment especially if the AI talks are continuing.

00:07:06: That was it from The Crypto Talk!

00:07:08: This week.

00:07:08: make sure that you're subscribed to not miss any other crypto news and we'll see on next one.

00:07:12: have a good one.

00:07:20: SwissQuote assumes no responsibility for accuracy or losses from its use.

00:07:24: Products and services are offered only where legally

00:07:26: permitted.".