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We have some big crypto news to talk About in the cryptocurrency market today Everything you guys need to know we're Going to cover it right now so what I Want to talk about in this video is two Big things that are happening imminently On the crypto Market the first thing is What's happening with the US economy Right now are we breaking that down and Also I want to talk about all the Speculation around binance what do I Think about this there's a lot of fud Swirling around we're going to break That down and then we're also going to Jump over to the crypto prices see how They're doing because they have been Looking pretty good in the last 24 hours So the first thing I want to talk to you Guys about is the CPI inflation so what Happened here last week I gave you guys Notification that some big data was Coming out this week so we've got the FED Reserve what's going to happen with The Fed rate today but uh what's Interesting is the consumer Prices rose Less than expected in November up 7.1 Percent from a year ago so inflation is Still big but uh it actually beat Expectations so a lot of people were Thinking it would be a lot higher than This and this is is why the stock market And cryptos went up recently so you're Going to see the crypto prices they had A bit of a surge yesterday the stock

Market is did as well because possibly You know these indicators could say that Inflation is getting under control Slightly but what we are still waiting For today is the Federal Reserve so now The expectation is the Fed won't have a Massive increase in interest rates today However it's yet to be determined so if They do do a hawkish raise of interest Rates today uh potentially you could see A bit of volatility in the crypto prices If it's meeting expectations and it's Not a massive rise then potentially That's going to be bullish for crypto as Well so just watch out for that today That is happening imminently and guys I Want to talk about all this fight going Around for binance right now so there is Some big mainstream articles pushing a Lot of fun against CZ against binance What do I think of this whole situation So from all the information I'm getting Look personally I think this is a Coordinated foot attack personally Um based on a lot of the things because You have to remember in crypto I've been In the crypto market for a long time I've made a lot of money in crypto but Uh one thing that is in common is They're always trying to take down Binance so they've been trying to do This for a long long period of time they Haven't been able to you know out Compete binance generally with another

Crypto exchange so in my opinion they Are maybe resorting to some dirty Tactics trying to Spook investors out From using binance but what I will say To you guys is you know best practice in Cryptocurrency anyway is that you Shouldn't be keeping your crypto long Term on any crypto exchange generally Speaking so that's the best practice Even though I use binance I use binance A lot you know generally I don't store a Lot crypto long term on the binance Exchange personally best practice is a Cold storage wallet or you can put it in A trust wallet or a metamask as well That's generally the best practice in Cryptocurrency but what we can see over On Twitter is there is heaps and heaps Of fun and there's like billions of Dollars getting withdrawn from binance So the fund is definitely being Effective you can tell by the Withdrawals right here and what is the Circle around so there's you know rumors Or allegations of U.S prosecutors Looking to charge binance Executives on Money laundering right there and also People are pointing out you know things About the order and things like that uh Personally I think binance is one of the More reputable crypto exchanges out There I've used them they've been very Cheap good to me and I'm not this is not A sponsored mention or anything like

That either I'm just telling you guys Honestly what I think of binance and uh Carl the moon says if binance collapses We're all f'd right there and uh and Leia right here who is a big influencer Over on Twitter says I don't understand Why people are cheering for binance to Collapse you realize if Finance goes Down everything else will crumble yes Bitcoin Will Survive but the entire Crypto ecosystem including stable coins Will die I agree with the first part of Her I agree with the first part of this Tweet right here so you shouldn't no one Should be really cheering for binance to Collapse it's not good but uh I don't Think crypto ecosystems and stable coins Will die personally and I don't think Binance is going to collapse personally Either and lots of people are saying you Know crypto go to back to the Stone Age If that happens and Trader koala says Binance going insolvent means crypto Disappears why are people even putting This out there yeah so crypto doesn't Disappear if Finance remember you know These are just centralized exchanges Crypto technology is still going to Exist and I agree with Dell crypto right Here and he says the media trying to Cause a bank run on binance in the last Several weeks they attempted to push Several narratives to this regard with The latest being binance did not pass an

Audit the fact is time is the number one Order and binance has proven the test of Time so yes I believe that so that's What I personally believe but as I Always say to you guys personally you Know what do you want to be doing in Cryptocurrency anyway you do want to be Keeping your crypto long term on like a Ledger or a trezor I've got a link to Ledger an affiliate link uh doesn't cost You anything extra if you want to Support the channel you can use that to Store your crypto long term but some Crypto exchanges have collapsed in the Past and the biggest one recently has Been FTX crypto exchange but guys if we Take a a look at the crypto prices today You can see yesterday was a very good Day on the cryptocurrency market so have A look a lot of the cryptos are actually Up Phantom is up and if we jump over to The crypto prices you can see Bitcoin Looking extremely bullish right now Ethereum is up four percent and Congratulations to you guys holding your Crypto right now Dogecoin holding steady Right now could I know up 2.8 percent uh Shiba Inu up 3.9 so go ship right there And Luna classic holding steady down Slightly in the crypto Market but but Overall you know I'm staying bullish in The crypto Market this is just another Day in crypto guys I'm planning to be in Crypto long term if you guys are

Planning to be in crypto long term smash The thumbs up button on this video but Guys I appreciate you tuning into this Video and I'll see you guys in the next One crypto Zeus signing out