Bitcoin Experts Are WRONG! (2008 Financial Crisis Repeating)

**SPEAKER_1** (0:00)
Good morning and welcome to Discover Crypto. We have the aftermath of yesterday's Federal Reserve announcement. Bitcoin analysts agree that the Federal Reserve holding was hawkish, but they're split on what's going to happen next. They also have the stock market's pain translating into Bitcoin and crypto's gain. Confirmation of Iran's Bitcoin oil black market in the US is pissed. We got a lot to cover on the show today. Welcome one, welcome all to the channel. Now, if you may, smash the like and share out the stream. Pull up the chat here. Make sure I can see your lovely, beautiful faces here. Good morning, Tilt. Let's see here. Andy, yes, indeed. I know he's going to keep drawing it. I mean, you know, he's been a... DZ loves ADA. He's going to keep on it. DCA and Prey, good to see you, baby. Good to see you. KJAM, all the peeps. Welcome to the show. Now, largely, we wake up and see the morning price action. Things aren't looking too shabby right now. We have Bitcoin, right around $64,790.
It did peak slightly above $65K at the market open in 10 a.m. chaotic one-minute candle time frame. Excuse me. Now, Ethereum's still chunking back and trying to get to that $2,000 mark. Once again, a lot of altcoins are having some fun today. We have VeChain out of nowhere for the 7% gain. There's going to be a lot of celebrations. And yay, we're up on the day by 10%. I've been holding this thing for years. Where are we at? So a lot of work to be done on VeChain, some of these other alts that are making a pump today, but good on them for the 7% pumpy. Now Uniswap, Ondo, also in the top gainers, Injective, Near, and Aerodrome Finance. Aerodrome bouncing off the 40-cent mark pretty nicely. Near Protocol had a major, major pullback over the last few weeks. It's down by 8% on the month, and 7-day timeframe down by 12%, but it is up by 4.5% as of the market open right now. And really, you know, there's a lot to be discussed. Analysts and, you know, I'm thinking about what the end of this year is gonna look like now that we have, essentially the Federal Reserve holding interest rates where they are for the time being.
But there are some larger market reactions that are happening, some under undertones that haven't been seen since the 2008 financial crisis. So, you know, anyone that knows the lore of Bitcoin knows where this leads. But for the time being, Bitcoin is having some fun. One-minute channels are looking a little bit frisky. As you can see, the morning open started off right off the shelf and pumped up by now probably about 1%. And it's just a nearly 1% whipsaw back and forth. Hence why I like to leave these morning openings alone in terms of trading and liquidation heat map. Last I had looked at it, there's a liquidation pocket just above us here at about 65,200. Let's give this a refresh and see if that is still there. I just barely missed it, just barely missed it. So just by the liquidation means I could see this actually making another snap pump to the upside and grabbing this liquidity for the bears in the short term. It barely, barely avoided the 70 million dollars in liquidations to be had at that level. We'll keep an eye out on that. Also, I haven't mentioned this, but TIFT, the 2026 warm up, the race for three million dollars in trading rewards is about to kick off for 2Bit.
I think we got about three days, three days and 19 hours till this kicks off. And shame on me, but kind of a surprise. So I'm going to be going into checking out who is the highest volume trader in our 2Bit affiliate, and I'm sending them a gigantic care package. I basically have been gifted lots of tennis sets. I don't know if anyone plays it, and whoever wins, I'm going to ask them if they even play tennis, but it is a pretty nice tennis set and an immense amount of swag, professional bag holder bag, a bunch of t-shirts, stuff like that, just as a thank you, right? But I will be paying attention for this competition kicking off for 2Bit very, very shortly. Now, what happened yesterday and this morning is coming across the charts. The US. June PCE inflation data is out. The Fed's preferred inflation metric falls to 3.7% in line with expectations. The inflation for PCE on the core also fell to 3.3%. This is the second highest reading since October 24 Not too crazy of a metric, right? We've seen this over the last few years, but US inflation continues to run at nearly double the Fed's 2% target. Now, I explained at the end of the Federal Reserve live stream yesterday the insanity behind having a consistent 2% target, but it basically keeps you on your toes and keeps you spending and or investing your money that you earn to outpace the inflation. They always got to have a little fire under your butt because, of course, you can't just do hard work and save the money and have that value hold its value over time, right? No, that's insane. Instead, we got to keep you always at the gambling table. Now, here's the story that we talk about with the...