⚠️ IMPORTANT BITCOIN CHART & NEWS UPDATE! THIS IS CRAZY!

What is up? I am Crypto Mason and welcome back to the Crypto Mason YouTube channel. Shout out to the Gold Squad. We look for gold in every single aspect of our lives and we always find it. Now we have another market update for you guys. We're going to be talking a lot about Bitcoin in this one and then we'll make another one, uh, with the greater crypto space news. But thank you to Coinbase for sponsoring today's video. We're going to take a deep look into the Coinbase Advance But we've also got a lot of awesome stuff to talk about. We're going to mainly talk about where we think Bitcoin is going, what the market is doing. We've had a crazy past few days here. Uh, if we take a look, we're at $1.6 trillion on the total market cap. We've got over 2 million cryptocurrencies that have been created. Uh, and we're also going to dive into some of these different charts on CoinMarketCap here. But we've got Bitcoin $42,592. Our biggest gainers today, we've got SEI, Injective, Stacks, uh, and some other ones. But we're going to hone in on Bitcoin, uh, and if you want to watch some of the other crypto news, go to the other market update that I'm going to post today. Uh, we've got the crypto total market cap at $1.558 trillion. We are using a TradingView chart right here, and and look at how clean our support line at that $1 trillion level has been. And I've been paying major, major attention to the total market cap of crypto. As you can see, we've been battling $1.5 trillion. We've got a nice, uh, bounce here over the past 12 hours, up 3.64%. Uh, as for like the Fear and Greed Index, uh, we're sitting right now at a 70 on the Fear and Greed Index. We've got BTC dominance right here at around 51%. Uh, just for comparison, back in 2017, uh, this is kind of the same level we were at going into 2018. It was, it was less, 32%. Uh, but as Bitcoin dominance increased like crazy, look at that, at one point it was 85%. That is so, so crazy. Now We also have the trading volume dropping, Bitcoin trading volume dropping as the holiday season is nearing. So the holidays and Christmas always has an interesting effect on the crypto markets. A lot of people are using their money to buy presents and buy other things and not buy crypto. So sometimes we can see the volume drop, but it's going to be interesting to see, uh, how the crypto market reacts and how everyone is trading during the holidays.

Speaking of trading, I wanted to show you guys the sponsor of today's video. This is Coinbase Advanced. Coinbase Advanced is a trading platform for sophisticated traders built by Coinbase, the most trusted crypto exchange in all of crypto, with TradingView charting tools and indicators. As you can see here, advanced order types like limit and stop limit, as you can see over here. This is the most powerful trading platform I have seen yet. They have no subscription fees, no spread fees, and highly competitive fees at a higher volume of $100,000 and above, so you can minimize your costs. They also give you the ability to upgrade your fees if you meet the eligibility requirements. Another important thing about Coinbase Advanced is they have industry-leading liquidity, offering 552 market pairs for spot trading with 237 new USDC pairs for non-US traders. One of the best parts is that you can earn up to 5% on your USDC trading balance even on unfulfilled orders. Overall, this is one of the best trading platforms I have used to date, and I will definitely be trading a lot on Coinbase Advanced. If you want to learn more and try it out for yourself, you can find more information in the description. But let's get back to the video.

So I hope you enjoyed that little look into Coinbase Advanced right there. Uh, but we also saw Bitcoin inflows to exchanges falling sharply, uh, from 45,000 Bitcoins to only 15,000, uh, which is pretty crazy. Here is the 12-hour Bitcoin chart. Uh, we have kind of done more of that sideways basing period, uh, in the last market update before, uh, when we had all the crazy liquidations, which we're going to look at in a second. So that was December 10th. We had $455 million in long liquidations there. And, you know, we, we were expecting more of a V-shaped reversal. But what we got is more of a sideways basing period. Like we're hanging on to the $40,000 level. You still have stuff like the Bitcoin halving coming. We've got approximately 110 days So somewhere in April, March or April, the Bitcoin halving for 2024 will happen, which is pretty cool. If you don't know what the halving is, basically every 4 years or 210,000 blocks on the Bitcoin blockchain, the block rewards get cut in half. So the current block reward is 6.25 Bitcoin and the next block reward will be 3.125 Bitcoin. This lowers the rate at which Bitcoins are generated, and this is programmed into Bitcoin's code. Okay, so very, very interesting, uh, tokenomics there for Bitcoin. Now we also have rumors of the ETF coming, um, in January. Okay, people, these news sites are just literally saying mid to late January, uh, this will be happening. They say Bitcoin ETFs are finally coming to the US in 2024, and by all indications, the first ones will hit the market sometime in mid to late January. We have Grayscale saying that the SEC should allow multiple Bitcoin ETFs at once. So basically, Grayscale is saying that the Grayscale Bitcoin Trust would be hugely disadvantaged should US regulators not allow it to convert into a spot ETF at the same time that other applicants get the green light to list their products. So we have a lot of cool stuff coming for Bitcoin and crypto as a whole. And overall, it feels like the excitement is coming back to crypto. A lot of cool stuff is coming out with Coinbase Advanced releasing as well. The Bitcoin dominance here, Fear and Greed is at a 70. We had the open interest recently reset back to zero here with that huge, huge liquidation event. If we go to the open interest chart, I believe they have one here that will show it. I'm not sure if they do have one here, but where do I think— or what do I think is the most exciting stuff happening right now? A lot of amazing crypto companies are building. I do feel excitement coming into the market. I feel a lot of, a lot of hype building around utility tokens and coins that are actually trying to solve real-world problems. There's a lot of good news coming out as well, and overall I am glad to be back in Canada. Canada is a whole beast in itself. However, we're— we are, uh, back trying to track this market. One of the things I said on my Twitter, uh, the other day was, it still feels— if you miss one day in crypto, it still feels like you're missing five. And that's really, really what, uh, what you have to watch as a good sign, right? Missing one day, there's so much that goes on in one day that it still feels like you're missing five. So ultimately, uh, I am very excited for the crypto market. Hopefully we can go and push higher than we've ever been here. But that is all we've got for today's video. Thank you once again to Coinbase for sponsoring today's video. Uh, we are doing a secondary market update, but drop a like, drop a subscribe, drop a comment, join the Gold Squad Discord, and goodbye.