HUGE CRYPTO NEWS! MASTERCARD RIPPLE XRP & SOLANA, JIM CRAMER SPACEX OVER BITCOIN!

**Tony Edward** (0:05)
Hey everyone, welcome into the Thinking Crypto Podcast, your home for cryptocurrency news and interviews. I'm your host Tony Edward. On your way in, please hit that subscribe button as well as the thumbs up button and leave a comment below. If you're listening on a podcast platform such as Spotify or Apple, please be sure to follow and leave a five-star rating. Well folks, Jim Cramer continues his campaign of bashing Bitcoin and crypto, saying bearish things. And we know we have to inverse Cramer. We've seen it time and time again. We do the opposite of this man. When he's bullish, that's the time you want to be cautious. When he's bearish, that's the time you want to be bullish. So he tweeted out today, Bitcoin and gold, bad money being liquidated for SpaceX. So he's hyping up the SpaceX IPO. He also stated Apple and NVIDIA, good money being liquidated.
But folks, he recently said Bitcoin was murdered by Michael Saylor in Strategy and all types of hyperbole and outlandish statements. Now, we've been talking about how this aligns with what's happening on the charts with Bitcoin being extremely oversold. I mean, it is so bloody out there, and I'm anticipating a reversal and a nice relief rally. I'm not saying it's a move to new all-time highs, but this is a good opportunity to swing trade, and I've been buying the dip. I'm buying Bitcoin and some altcoins. So things are looking bullish on the horizon. I'm not saying we're going to pump tomorrow or next week. We have to let the market play out. It has to go through its cyclical patterns here, and even the MACD on the daily chart for Bitcoin shows the bears are losing momentum. So sellers are getting exhausted, and we're going to see a reversal sooner than later, but it's really, really bloody out there, guys. And the Bitcoin weekly chart, it still shows the bulls are in control, so it's hanging by a thread here. So hopefully we start moving up, we can close the week strong, and this weekly chart can start looking a bit more bullish. One of the other factors I've been highlighting to you guys is that the Bitcoin MVRV shows long-term and short-term, the short-term being 30 days, long-term being 100 days.
These traders are underwater, and it's levels that we saw back in February that preceded the big rally, the big relief rally that we saw. So that's why I am looking at these metrics, the data now, buy the textbook, and anticipating a rally. Plus, you have these macro signals with Jim Cramer putting it out in the mainstream. He's helping to put fear in the market and getting the herd fearful and people to second-guess crypto and Bitcoin thinking, oh, it's dead, and they walk away. And then what happens? The market does the opposite of the herd.
It's the same story over and over. And this happens on the bullish side as well. When things get too overheated, Bitcoin becomes overbought. And Cramer is out there saying, Bitcoin is going to outperform everything. Then all of a sudden, it reverses. This is how the market makers and the smart money play retail. But this is where you have to be financially educated. So you are not part of that herd that's getting played. You want to be on the side of smart money. So this is where things are so bloody out there.
People are giving up. Lots of fear. Jim Cramer is telling you on social media and on TV, this is dead, and that's why I am turning very bullish. Now, when it comes to the stock market, we've been looking at what's happening in the stock markets, to get an idea of what may be coming next for crypto. Well, the S&P 500 and the NASDAQ are both past the neutral zones on their RSI. So why is that important? That means we are approaching a bottom soon, right? It could be that the S&P 500 is going to go down to the oversold levels, and then we bounce. So Bitcoin again could act like the canary in a coal mine, because I think market makers look at the larger markets like the stock market, you know, and how they plan things out and how they set things up. So this is a good sign, right? That the stock market will, I think, find some sort of bottom sooner than later. And again, when the stock market is doing well, that bodes well for the crypto market. So this is something to pay attention to.
Now we get some interesting news here. BlackRock and Fidelity are quietly turning Bitcoin ETFs into a two-firm market. So this is interesting. BlackRock's iShares Bitcoin Trust and Fidelity's Wise Origin Bitcoin Fund now dominate the US spot Bitcoin ETFs, regularly capturing the majority of the new inflows. Now, I think we know this, right? I often share BlackRock's numbers. They have the largest ETF, obviously the fastest growing one. And look, these ETFs are going to be kind of living entities. There's going to be inflows and outflows. But what you want to see is that the larger trend, when you zoom out on the one- or two-year chart, that the overall trend is the growth, right? Despite the ebbs and flows on the shorter timeframes, and we've been seeing that. So despite a roughly 29% year-to-date decline in Bitcoin and waves of ETF redemptions, IBIT and FBTC have often acted as stabilizing forces, attracting capital even when rivals see outflows. The market is shifting toward a winner-take-most structure in which scale, liquidity, and distribution networks favor BlackRock and Fidelity, leaving smaller issuers with minimal influence on overall flows. Now, of course, competition is happening on Wall Street, and that's very bullish for the future of the asset class, and they're all trying to attract more capital and inflows. And I think once crypto legislation is passed, the Clarity Act, all of these onramps being set up will attract more capital. So I think we're still relatively early compared to other asset classes, and once we have legislation, it's going to unlock waves of capital to come into the market. So I'm excited for when we get back into the bull phase and when the Clarity Act passes.