Introduction
In a recent video, Cheeky Crypto host Chris welcomed viewers back and teased exciting content ahead. He also encouraged likes, subscribes, and notifications.
Market Update
The total crypto market cap was up 3.10% in 24 hours, at $1.38 trillion. Bitcoin surpassed $37,192. Chris anticipated a market pullback, citing the Fed’s potential pivot in 2024.
Market Caution
Chris warned of a possible bear market rally and advised caution. He stressed the importance of confirmation before considering it a bull market. Chris personally expressed interest in buying more crypto during a potential pullback.
Headlines
- Solana tokens, including Bonk, see increased risk post-Sam Bankman freed trial.
- JP Morgan believes the crypto rally is overdone.
- HSBC to offer tokenized security custody service in 2024.
- Bit integrates DeFi aggregator into its crypto exchange app.
- Coin Spot reportedly suffers a $2.4 million hot wallet hack.
- Cheeky Crypto has moved to Dubai for its crypto-friendly environment.
- Standard Chartered’s venture arm to set up a crypto fund in the UAE.
Analysis
The crypto market is showing signs of a potential pullback, with some experts warning of a bear market rally. It is important to exercise caution and have a risk management plan in place.
The increasing involvement of banks in cryptocurrency is a positive sign, highlighting the growing legitimacy and adoption of the asset class.
Dubai’s crypto-friendly environment is attracting businesses and individuals from around the world. This is further evidence of the growing interest in cryptocurrency and blockchain technology.
Conclusion and Call to Action
Chris thanked viewers for their support and encouraged them to become members or stake Harmony One or Findor FR. He also expressed gratitude for their support in bringing informative crypto content. Chris reminded viewers to like, subscribe, and enable notifications for future videos.
