Bitcoin's Wild 18% SURGE! Trump Gives 2 Trillion M

Today in crypto Bitcoin has had a wild day searching by 18% almost touch $7,300 but will the failure to close above $7,000? Bring out the bears or we set it up for a bullish breakout. Another $2 trillion in spending has been proposed in the United States. Exchanges are seeing a massive influx of new buyers. Capital controls have been implemented this week in some of the world's

most vulnerable countries, which just serves as a strong reminder why we need Bitcoin so desperately. The latest news from crypto.com E2.0 gets a little bit closer. The crypto alert. This is where you subscribe for all of the hottest and all of the latest happening out there in the wild, wild west of crypto land. By the way, if you are new to crypto, then check out my

course Crypto Currency Explained. It is specifically designed for beginners to allow you to confidently start investing in crypto. It will walk you through all of the basics with practical tutorials and the resources that you need to succeed in crypto investing. There is a link down below where you can learn more. Now let's go ahead and take a quick look at the charts here to get started

off with today. Bitcoin. Oh, it's had such an interesting day. It just reminds you of the craziness that Bitcoin is capable of in both directions. Raging from a low of around $6,100 all the way up to $7,300 before cooling off for a wild 18% move on the day. Over on the daily charts, we can see that Bitcoin is in an ascending channel right now. Today's big

price move actually tested and rejected at the center line of that channel. Now we could see a pullback as far as $6,100, test the bottom end of that channel. Especially if the current price does not hold at the time we're recording this video anyway, we're kind of sitting right around some key support levels. However, the daily is currently forming into an ascending triangle as well, which

is likely to break soon. The failure of yesterday's price though to break out and hold above the top line of that triangle at the $7,000 mark. That's a little bit disappointing. In the next 48 to 72 hours, we should get the answer about whether or not we're going to have a definitive breakout above or below this key line of sending triangles. Of course, are more bullish

patterns and tend to break up. But will we suffer from that weekend trading malaise, which will draw us back down and invalidate that triangle time will tell now. I saw a candle close above the $7,000 mark that would definitely bullish in the short term for Bitcoin. So that's why I'm hoping we're going to be a bit of fun. Yeah, absolutely. But fear is still the leading

force in the crypto markets. The Bitcoin fear and greed index. It's still way down at 14. Meaning that we are far from being in the clear when it comes to price safety. So keep that in mind. Next up, some quick data to share with you. There has been a big surge in new buyers coming into the markets over the last few weeks. Now, I know I

shared a few different data points supporting this. We've got some new data points. I want to share with you as well. Crack and release. And they said that they saw an 83% increase in users over the last couple of weeks. Paxful doubled its sign-up rate. And almost all the exchanges are seeing a heavy bias towards people buying, not selling. The decentralized exchanges of all some doing

well with volumes hitting an all time high of $668 million in the month of March with volume up a whopping 53%. Since the all time. And the high in February. Yes, that volume is still less than Binance does in just one day. But it is definitely showing that there is really an increasing amount of people who are choosing to do their asset swaps on chain and

without using centralized exchanges. We still have a long way to go. There's no doubt about that. But this is definitely a good trend and I'm excited to see where it is going. Now, a big thank you to crypto.com for sponsoring today's episode. So here is the latest news from crypto.com that you need to know for the next three months. The team of crypto.com is doing their

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On Twitter, they're always doing amazing giveaways over there. So you have to follow them, of course, to be in to win. And the next bit of crypto.com news is that their next syndicate event has been announced. So on April 14th, you will have the chance to be able to buy Ethereum at a 25% discount. Awesome. By the way, if you don't have a crypto.com debit card

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the UK, USA, New Zealand, Australia, and soon all across the EU. Okay. Now on to the next bit of the day. The first big stories of the day. Another country has just joined the capital control team. Yeah, capital controls. That's the best capital controls man. So this is story is about Egypt. So the central bank of Egypt. Just put the daily limit for individual withdrawals at

10,000 Egyptian pounds or around 635 dollars from your local bank. And you're only allowed to take 5,000 pounds or a little more than $300. $300.00 out of an ATM. Well, these are definitely not the strictest capital controls that I've seen over the last couple years. They are still pretty tight capital controls. Just another day of banks telling you when and where you are allowed access your

money. That is the bank's money now. And they'll tell you when you can have a little sliver of it. And on another story about capital controls. This is also out of the middle east from Lebanon, where banks have been now halted all dollar withdrawals. So the previous $100 US limit has been reduced to zero. So the Lebanese are now trapped in their failing fiat. It is

their only option. Bitcoin, Bitcoin, Bitcoin. Look, Bitcoin may not fix everything. But Bitcoin definitely fixes these issues. But you must be prepared. Don't wait until you're standing in line at a bank waiting for six hours for them to get a view of scrap of bread from the fat cat bankers table. You have to be ready for this to happen. Capital controls. They are not some far

away thing that only happens to other people. They can happen to anyone, anywhere at any time. And those with Bitcoin, when that happens, will be in a league of their own. And as this crisis continues to unfold, people living in the West, they may be in for a rude awakening one of these days. I hope not, but very, very possible. And in other Bitcoin news, GitHub

has announced that they will be burying Bitcoin code inside an Arctic mountain to ride out the next 1000 years. That's pretty cool. I like that. That's cool story. It's not just Bitcoin either, but it includes Bitcoin among a lot of other really important open source code. We also have other cryptocurrencies in there amongst a lot of other stuff like Ethereum and even dogecoin made the cuts.

That's kind of cool. Maybe if our society collapses and we enter, you know, a total apocalypse kind of event and archaeologists, they'll find out about Bitcoin in a few thousand years. Bitcoin will live on Bitcoin to the moon in the year 3000 after the apocalypse. And dogecoin. Oh, dogecoin. It's going to be worship like a God. One does equals one does one does equals one does.

Okay. Now let's move on to some Ethereum news. Ethereum two point does face zero. Multicute Bitcoin test net will likely go live in April, at least according to Vitalik. The E2 point dose specifications. They have just undergone a major audit by technology security firm. Least authority. Now the firm did highlight the protocols peer to peer messaging system. And the block, the audit, you can run these

things in the wild without risking billions of dollars with a value. The test nets are going to be an incredibly important step in moving us towards the future of Ethereum and of E2 point. It's coming. It's coming. It's going to be massive when it hits, but good things do take time. And finally, the big news of the day, there are two trillion dollars in spending. I

can't even keep track of it at this point. So crazy. Six point two trillion. And over there for the stimulus package, two point five trillion over there for the IMF, a couple hundred billion over there. Who's keeping track anyway? Probably going to be a lot, lot more. And no. These figures, they're not going to the end of this. We're going to see trillions more before this

crisis. So because this crisis, it's really just starting to get big. I hope it doesn't go that way, but it's looking like it. So I need a Trump proposed a huge new spend of two trillion dollars. It will be in the form of an infrastructure bill to rebuild the overly aged American infrastructure. Of course, create a load of jobs along with that. Now, I've got two

things to say about this. One is, yes, thumbs up. The US definitely needs upgrade the roads, bridges, airports, all that stuff. So this is actually a good thing to see the government spending money on this important infrastructure. This definitely needs to be done. But on the flip side, how does this actually get funded? Well, one of two ways that's going to be another two trillion dollars

in debt on top of the nearly 24 trillion. And the other option for funding a two trillion dollar infrastructure bill, just print more money. Why not just print it? It is not just a big deal. It's not just a big deal. But the answer to all of the problems, just print that money, baby. Either way, this bill gets funded. It will have a negative effect on

the dollar, either by inflation or by increasing debt. Remember, there is no ceiling for the price of Bitcoin because there is no bottom to the burning pit of fiat. And look, a job stimulus bill for infrastructure. It's probably really, really going to be needed. By the way, because the USA, ah, it's got to be something to bail them out at this point because the unemployment numbers,

they just keep rolling in and it looks really, really bad. It's not just the USA. Lots of places all over the world, but the US, wow, this is crazy. In the last two weeks, 9.95 million people have filed for unemployment in the USA. These are unprecedented numbers. This is a tsunami of just finding the financial umbrella. We've only had the first couple of waves come in.

There are more destructive waves at the back of the tsunami still coming. And we have to keep it real here too. There is no way that this unemployment crisis that it will not be hammering the stock markets in the months to come. There is still a lot of room for lots and lots of pain in the markets. And as far as the crypto markets are concerned,

well, what have they shown us over the last month? They have shown that when the traditional markets move, then so do the crypto markets. So even though we have had a rather good day for Bitcoin today, stay frosty out there everyone because we could be in for a lot more turmoil in the markets. But anyway, those are just my two satoshi's. Your question for today. Do

you think that it's a good idea for the US to spend another $2 trillion to rebuild their infrastructure? And if so, well, is it going to be a good idea? Have fun. Learn stuff. All that good things. Anyway, hope you enjoyed today's video. Hit the thumbs up button. If you did, remember to subscribe to the channel. If you are new around here. Long live the blockchain.

And peace out till next time. Bye.