THIS Just Shook The Entire Crypto Market! Crypto News You Need To Know!

Added: 2026-05-12

[00:00:00]All right, guys. The crypto market continues to get body blows, right? It feels like every single time we might be looking to recover, we get another body blow, and we've had one today. Now, this has shaken the stock market as well as the crypto market. Going to jump into this and share with you everything I've got here for you. So, the inflation data, CPI data has come in and it's mostly in line with estimates, but the but it is come the core is hotter. And you can see right here where my mouse is at the top right above this black shoe ad. Uh the Dow's down 310. NASDAQ's down 235. Uh and crypto is fairing a little bit better. It's down 48. Let's refresh.

[00:00:38]Down6 right here. You can see that crypto is getting hit by this as well.

[00:00:43]The crypto market, the entirety of the crypto market is has been is and will continue to get impacted by the inflation data. Why? It just simply is a is the reality, guys. We are inflation sensitive as far as the crypto market does go. Crypto market's impacted by what the Federal Reserve does or doesn't do. We've got a new chairman coming in, Kevin Worsh. Hopefully, he can come in and maybe make some changes. Now, he single-handedly can't change that. He's not It's not like a dictatorship over there where he can rule everything. No, there is a board there. You know, there are regional presidents, things of this nature. Um, but I think we a new sentiment, a new direction is needed at the Federal Reserve, one that's more proactive to drive uh and and look at driving um, you know, change in the in the in the market, right? But right now, crypto is getting impacted from a crypto news standpoint. We got Bitcoin down.7, we got Ethereum down 2%, XRP down 1.7%.

[00:01:47]Kind of looking down here, uh, Cardano's down 3%. uh kind of if I look at the top ones right here, Aerodome, ICP, Athena's, you know, 96%. Not really dramatic bleeding. Fear and greed index is at a neutral running at 49, which is good. Um better than quite quite frankly I expected to really see that right now.

[00:02:08]But I think guys that we're going to be again I've been talking to you about this. I am a glass half full kind of guy. But if you look at the reality of where we're at with the situation playing out in the markets, we have a lack of liquidity in the market. We have overall bearish sentiment or at best neutral sentiment, but 100% not bullish sentiment prevailing and controlling the crypto market right now. And that is not going to dramatically change unless either a we get rid of the Iran uh US conflict, which is not looking very good. Looks like we're probably going back to shooting missiles at each other in that in that scenario. Or B, we get the Clarity Act signed. Not really seeing a lot of dramatic improvement or movement on either of those fronts, which brings us to the third point going into the summer.

[00:03:03]Not great. Not bad, not great. People don't really care about crypto in the summer. I've been doing this for a long time now, sitting in this chair covering crypto every single day. Summer's historically not that good for crypto.

[00:03:18]Now, I'm not saying it's going to be bad. I'm saying it's simply going to be kind of a me. There you go. There's a good technical term for you. Meh. MEH.

[00:03:26]Okay, that's the going to be the sentiment of crypto this summer. So the crypto news you need to take away from this video is simply that the market is getting hit by inflation data which quite frankly is not surprising. Okay, considering that the Iran US conflict raised raised the price of petroleum, oil and petroleum oil and petroleum go into manufacture pretty much everything in your life. There is petroleum in manufacturing of this. There is petroleum in the manufacturing process of this. petroleum in the manufact I'm literally just picking up random stuff that's sitting here next to me. There's petroleum in all of that. Okay, you have oil and petroleum that has to do with fuel. Every single good that you buy in your life has to be moved somehow somewhere either on a a boat, a train, a plane, or a truck. Yeah, we're going to see inflation prices go up. We're gonna see producer price index. When that report comes in, we're going to see the cost of goods manufactured go up. That impacts your wallet. It impacts my wallet. I mean, you can't go to the gas pump and not go, "Oh my god, okay, when is this going to end?" Right? When's the price going to end? And it's not going to end anytime soon. It is a litany of bad right now. And that's really where we're at. And I think we're going to continue to see that more on the daytoday of our lives and what it costs to live because of high inflation, Federal Reserve not cutting the rates, US Iran conflict, raising the price of petroleum, oil, all that stuff, blah blah blah blah blah.

[00:05:07]Where does that leave us? It leaves us in a place where you just got to kind of tread water. Excuse me, my nose itches.

[00:05:13]It always itches when I do videos. where you can tread water and just kind of wait for the for things to get better.

[00:05:18]All right, guys. I'll see you in the next video. Thanks. Give me a few minutes later.