---
title: 'Bitcoin Dump Caused by This! Top 5 Crypto YouTubers [Live Voting]'
source: 'https://youtube.com/watch?v=WSoTtWv01Sk'
video_id: 'WSoTtWv01Sk'
date: 2026-08-06
duration_sec: 1858
---

# Bitcoin Dump Caused by This! Top 5 Crypto YouTubers [Live Voting]

> Source: [Bitcoin Dump Caused by This! Top 5 Crypto YouTubers (Live Voting)](https://youtube.com/watch?v=WSoTtWv01Sk)

## Summary

In this live stream, the hosts of Altcoin Daily discuss the recent Bitcoin price dip, attributing it to weakness in the S&P 500 and traditional markets, and analyze whether it's a dip or a crash. They also conduct a live voting session for the Blockchain Influencer Awards, highlighting their favorite crypto YouTubers across various categories.

### Key Points

- **Bitcoin in a Slump** [00:01] — Bitcoin is in a slump, with Ethereum gas fees being a hot topic. Some speculate a double top, but the hosts have identified the cause of the dip.
- **Bitcoin Down 20% from ATH** [00:44] — Bitcoin is almost 20% down from its all-time high made just over a week ago, indicating a continuation of a week-long downtrend.
- **S&P 500 Tanked** [06:01] — The S&P 500 tanked horribly in the last two hours of the day, and the hosts argue that in the short term, crypto is correlated with traditional markets.
- **Cause of the Dip** [08:26] — The dip is attributed to weakness in the S&P 500 and the stock market, not just overleveraged markets. Bitcoin is still correlated with traditional markets.
- **Historical Cycle Pattern** [09:21] — Every Bitcoin cycle in history has ended with a red month followed by two or three very green months. The current red month is similar to 2013 and 2017 patterns.
- **Institutional Inflows** [10:24] — Institutional managers have bought the dip, with crypto funds seeing $154 million in weekly inflows, indicating bullish sentiment.
- **Bullish Outlook** [11:28] — The hosts remain bullish, noting that Bitcoin has spent the last eight weeks above $50k and comparing the current situation to Q4 2020 when it was a good buying opportunity.
- **Risk of Traditional Markets** [12:11] — If traditional markets tank, it could ruin the party, as seen in the 2008 crash. They advise taking some profits off the table and being careful.

### Conclusion

The hosts remain bullish on Bitcoin, viewing the dip as a healthy correction within a historical pattern, but caution that prolonged weakness in traditional markets could prolong the downturn. They also encourage viewers to vote for Altcoin Daily in the Blockchain Influencer Awards.

## Transcript

bitcoin cryptocurrency in a little bit of a slump  right now bitcoin cryptocurrency in a little bit   of a slump where is a dump or is it a dip or  is it a crash ethereum seeing never before seen  
fod on crypto twitter and just people around  the world complaining about ethereum gas fees   some people saying this is a bitcoin double top  and maybe this christmas won't be as jolly after  
all well my friends we have done some research  some basic research and we have figured out   what caused today's dip in fact this dip  is a continuation of what we've been seeing  
for the last week for the last week plus in fact  bitcoin is almost 20 down from the new all-time   high that we made just over a week ago anyways  in today's video we'll be going over all of that  
what caused today's dip what you need to know am  i bullish am i bearish should you be worried and   beyond that what i really want to get to once we  get five six minutes in is who is your favorite  
cryptocurrency youtuber who is your favorite  cryptocurrency influencer smash the like button   smash that like button so hard for me if you  appreciate us coming at you live on a monday  
night thanksgiving is on its way in today's video  you'll notice a link in the top of the description   it's the blockchain influencer awards uh please  truly appreciate it if you're in the altcoin daily  
army vote for us for best news source influencer  of the year and even throw us that golden up   golden upvote award but other than that there's  tons of categories that altcoin daily isn't in and   you can still vote for all your favorites maybe  it's the you know young gun rising star that is  
into the cryptoverse with his dubious speculation  maybe it's the the loud the in-your-face antics   of mm crypto maybe it's the full-blown explosion  that is bit boy crypto maybe it's crypto wendy  
maybe it's uh zz becker alex becker maybe it's  elio trades we'll get into it there's plenty of   different categories smash that like button for  me and if you're tuning in to this stream at a   later date make sure you turn notifications  on to always be updated when we do this  
let me share my screen and we'll get right into it okay so we will begin talking about the dip  the dump the crash that's been going on not  
really a crash and we will get in about five six  minutes into the blockchain influencer awards   once again we're nominated for best news source  and influencer of the year appreciate your vote  
you can vote right now uh you can vote along with  us we'll be doing this live also throw us in for   the golden upvote but there's plenty of other uh  awards to give best newcomer is it sheldon evans  
is it new money gang is a blockchain boy best ta  is a tom crown data dash crypto kirby tone vase   best daily show again why weren't we nominated for  more of these we should have been best daily show  
we should have been best interviews that's okay  can't win them all happy if some of our friends   win um so we'll get into all this but first things  first taking a look at the market although we're   up on the hour in the past 24 hours bitcoin  ethereum the whole cryptocurrency market almost  
in the sea of red except for crypto.com point  which has been pumping and a select few others   austin anything to say before i get  into my thoughts on the recent uh   recent uh downtrend you know maybe we should  switch up because i'm still trying to log in  
to put the description in the in the video  so it will be there you want to try and put   it in the video description and i'll talk  about price oh yeah sure it's keep saying uh your screen sharing all right  let me turn the screen share off  
all right guys you're with me i'm gonna check the  comments in about 45 seconds we'll get into price   in my opinion why the price is bitcoin is  dumping but check in the chat now and i see  
lay says the mount gox refund that's very  possible could be justin says age reveal   we're over 21 bud we're over 21. chris says austin  just lost my vote well luckily there's two of us  
uh good evening maddie flapper guys where are  we tuning in from and what are we enjoying   on this bitcoin dip me personally carbonated  water unfortunately you log me out of the  
thing and now i need to know like the password  which you can't do live over this this stream   yeah but it's the same one okay  for aaron.altcoin daily yeah the  
public email the original one is uh not  working this has changed less than an hour ago well we could vote with everybody else and just  end this stream all right i'm gonna get it i'm  
gonna get it all right confirm if it's on your  phone or mine i think it's on mine it's not mine that was my jump stopping point where i couldn't  do it what up portland in the house nico  
nico appreciate you danielle don't worry about  it daniel do you guys fight like normal brothers   hey what's normal anymore crow is doing great  xrp gang what i want to talk about is bitcoin  
the price is dumping and uh i'll just get to my  theory if everybody goes to google and checks out   s p just type in s p on google i'm not even gonna  insult you by sharing my screen but s p um we can  
see the last two hours of today the s p tanked  horribly horribly and people like to say that   oh bitcoin's uncorrelated from cryptocurrency  but what history do we have to base that off of  
even in the 08 you know housing crisis the stock  market went down and everything tanked along with   it including gold so like when liquidity dries up  everything dries up in my opinion small scale time  
frames everything is super correlated and for me  if we see cryptocurrency dumping the first thing   that i check out is what are traditional  markets doing and if one thing tanks  
usually everything tanks in the short term  in my opinion we're just starting to see   sort of the decoupling like glimpses of it in  longer time frames so you know year to year not  
so much day to day and that's just sort of the  give and take that has to happen with a new such   a new asset class a new space cryptocurrency is  so young that whales in general you know a whale  
can cause a big wave in a small ocean and year  to year that ocean's getting bigger and bigger   but until then we just have to deal deal  with traditional markets screwing us around  
whales screwing us around weird but tiny minnows  trying to make it work what do you guys think   okay everything should be updated just got  to tweet out the link and uh i'll be down  
all right are you doing that uh yeah i'll do  it guys you're seeing some of the back end of   the altcoin daily bros handle a live stream  this is real this is this is raw this is live  
reuben says hi from london nothing goes up  in a straight line dude very true it's the   give and the take it's the ebb and the flow  we're way up from a year ago go alt coin daily  
all right guys i just tweeted it out head on over  to our twitter and uh you know shared that link austin hogging all that  money with the background hey   that's the best uh that's the best google  image i could find for my blue screen  
okay i'm going to share my screen  we'll get into it all right i'm excited okay guys once again bitcoin is dipping a dump a  slump a dip not a crash but you know in the past   week or so it's down 20 almost and some of the  other coins are down even harder analysts pinpoint  
bull and bear scenarios as bitcoin price dips  below 65. we have pinpointed what caused the dip   now it's easier to say it's just buying and  selling yes at a certain point more people   are selling than we're buying could easily say  it's because of a overleveraged market and we  
had to you know wash out some of that leverage  that was too high now as austin just mentioned   what truly caused this was you know weakness in  the s p 500 weakness in america's stock market  
bitcoin is will be a decorated decorated asset  someday but that day is not today sometimes it   is still correlated with the stock market tanking  just today just today uh that caused more weakness  
in the price of bitcoin and again guys so this  is a little dip you know bitcoin made an all-time   high just a couple weeks ago and now we're down  here now what to look forward to before we vote  
live on the blockchain influencer awards  what to look forward to every bitcoin   cycle in history has ended with a red month  followed by two or three very green months  
every bitcoin cycle red month followed  by two or three this is the red month and   this is the two or three very green months  that's 2011. this is the red month in 2013.   actually this is very similar to 2013. this is  2017 that red month and that brings us to today  
let me know in the chat if you're worried about  this dip what you're thinking and um again bitcoin   2013 compared to now this is 2013. this little dip  this little dip scared a lot of people in 2013.  
where we are right now is it the same no it's  not the same but uh i think there's plenty of   bitcoin is really close to reclaiming this monthly  level as support we dipped below what should be  
considered support if we can get back up just a  little bit before the month is over uh that would   be uh locking in that support and plus if you take  a look at what's actually going on never before   have institutions been in the market like they are  right now and institutional managers have bought  
the dip as crypto funds see 154 million in weekly  inflows you can go through the data yourself you   know whether it be grayscale uh whether it be  anything listed here and it breaks it down coin   shares uh 114 million 12 million 51 billion  oh that's great skills assets under management  
the point is i'm bullish austin take a few  questions from the chat then we'll jump into this   and guys everybody pull this up this is linked  at the top of the description vote along vote   altcoin daily best news source vote altcoin daily  best crypto influencer uh vote altcoin daily best  
given the golden upvote but there's  plenty we're not nominated for   and we're we can you go the audience will  help us decide i saw some good discussion in   the chat i know bat pangolin i believe it was  him that said i'm tired of hearing the words  
healthy correction and somebody else said well  what would make you bearish like dips you guys   you know a lot of us you're obviously bullish what  would make you bearish i mean yo bitcoin has spent   the last eight weeks over 50k the dip is still  above 50k it's like zoom out a little bit and  
it's like this reminds me so much about back in q4  of 2020 when bitcoin was just breaking over uh i   guess it wasn't all-time highs but it was breaking  over major resistance and then we shot back down  
for several weeks and i was bullish a lot of  people in crypto are bullish but still other   people didn't realize this was one of the best  times to buy anything and i think we're in a   similar situation right now not going to be this  way forever but i think we still have upside  
and for me personally i mean if traditional  markets tank that ruins the party like the   last time we really saw it and not counting  the pandemic dip was in the 08 crash you know   a prolonged bear market in traditional markets  it ruins the party so never be above you know  
taking some off the table nobody knows how long  that lasts but for me that just prolongs it   you know bitcoin it's all about the fundamentals  and if if we're seeing the network grow the net   network usage grow like that's more important  but what could ruin the party or prolong it  
is if traditional markets continue to tank it's  always just be careful okay let's get into this   again i wanna heavily weighted towards what  the chat thinks besides our own categories  
um but ultimately we will decide now  so you can keep track of the chat   best podcast bad crypto epicenter the nifty show  around the blockchain what bitcoin did crypto101  
now is around the blockchain in podcast  form is it someplace other than youtube   i mean youtube still counts okay but  i never really get what you're saying   never heard of epicenter i've never heard of  crypto101 uh personally i'm biased towards  
i guess my favorite is what bitcoin did i feel  like peter mccormick wouldn't appreciate the   go with my boy ben armstrong i mean he has us  around the blockchain if you invite altcoin daily  
on your show to for me that's ultimately i'm gonna  i'm gonna like it excellent around the blockchain   best interviews again we should have been in this  did anybody else interview gene simmons is anybody  
else getting the kind of interviews that we're  getting i've been on tech great interviewer but   he's has he done tons of interviews this year  he's just started he's he's just started bitboy   deserves to be there crypto wendy great person  does she do a lot of interviews she does yeah yeah  
crypto wendy naomi brockwell they both do great  interviews hashoshi i've seen a couple interviews   but i mean we should have definitely been on this  list uh who do you think does the best interviews   chat well i'm looking and they're still answering  around the blockchain from before um wbd is that a  
yo let me ask you aaron you personally who do you  watch the most for interviews do you watch naomi   brockwell for i've seen i've seen a couple of her  stuff uh not a i'm not a stan but i definitely   appreciate a good naomi rockwell interviewer oh  i watched the truck i watched the charles hoskins  
when she did it recently that was good here are  the votes from the chat nomad chad says wendy   timothy says bitboy nabil says love you guys and  george pretty uh bitboy bitboy wendy george should  
be on this for interviewing us my god yeah all  right we'll go with i'm leaning towards crypto   wendy or naomi brockwell david letterman  is that uh nope not on there no it's not  
uh we're gonna go with crypto wendy is this more  than one page austin yeah it is okay funniest   influencer so who won this last year bit boy i  think it's crypto daily and he's kind of m.i.a in   the last month so yeah crypto daily why is he even  on there his crypto daily made a video this year  
yeah he made more than one video well what adam  charles said and he's the guy that runs this   is remember guys take this all for fun so  somebody was in like a 2018 mode when they   picked some of these categories these yes but  this this this needs to be relevant and crypto  
daily is a great guy but is he i mean i don't know  maybe he has put out content maybe i'm clueless   a lot of people are saying bitboy is the funniest  influencer bitboy is really funny but i feel like   this year particularly as he's blown up he's  gotten a lot a lot more uh bulldogish you know  
no no i think no no he tells jokes all the  time yeah you're right he does tell jokes   um bitboy is definitely funny but it's like i feel  like big boy's such a favorite it's like i feel   like there's the urge like well everybody's gonna  vote for bitboy which i certainly would still but  
i'm going crypto crypto crow is he is he funny  is he like he's he's never telling a joke he's   never doing schtick so it's just like oh this  guy's has a funny channel all right martini guy  
i guess we got to go bit boy right i don't know if  anybody's true i guess i understand why they put   crypto daily here because at least he's doing  bits and stuff listen i can only speak for me   i feel i would laugh the most at some uh big  boys you know live streams and stuff i gotta  
go with my boy big boy okay and best technical  analysis here we go ton vase great guy carl demoon   great guy datadash great guy but again datadash  hasn't been making that much content this year  
because he's busy with bigger stuff so tom crown  great guy um crypto jeb great guy it's hard to say   i mean i'm definitely the people i really  like just telling vase carl the moon  
jab crown and data dash uh i guess i we're  friendlier with crypto jeb and carl the moon   and then tone vase and then tom crown and then  data dash and crypto kirby's nice best ta i'll  
tell you who i voted for who this is just me i  i'm not a ta guy by nature so if i'm f and i don't   look at somebody else's ta to make to make trades  for myself i just like to do it get a general  
sense of okay what's going on with fundamental  analysis what's going on with technical analysis   for me i like that tone vase came from bear  stearns or whatever it was you know back when that   was still a thing you know he came from trading on  the traditional market and he has that experience  
and he brought that in to cryptocurrency no shade  to anybody else but they're all younger guys   and you know everything is self-taught but i just  like having that experience on hand even though   it's been a long time since we've talked to tone  but i voted for tone okay tone would appreciate it  
i i guess i got to go with crypto jeb i mean i  work i mean carla moon does great too i'm going   to go with crypto jeb give it to me okay best  news source we're all voting for altcoin daily   there is no second best well michael sailor  this [ __ ] i know these these guys are all  
these guys are all great but we got to go with  altcoin daily coin beer is great i wouldn't say   news i won't put coin bureau as news like he does  really good content but i don't know if it's news   which is a compliment they're evergreen crypto  busy i'm unsure bitboy does good news cryptos  
are osta's news box mining again is he doing news  like what is with this list this is the same thing   i said last year what is with this list listen  not not that these guys aren't great guys not   that they don't put out great content but how do  they come up with who gets like in what category  
this is my opinion fate of the universe on the  line i need the crypto news today i'm watching   altcoin daily concise short you know vote what  you like but that's my opinion okay chat really  
appreciate the vote for altcoin daily here by the  way if you're going to be in decentral conference   in miami we've been tweeting about it they will  be announcing the awards for this and uh we'll   be at the uh conference in general and uh we'll  be like moderating a panel or speaking on a panel  
and uh all sorts of stuff okay general chit  chatting with people most educational now i   gotta go with my boy elliott right wait is elliott  here [ __ ] elias oh yeah elliot's right here  
i voted for elliott's because his knowledge  and how deep he's willing to go in non-fungible   tokens and the metaverse type stuff i guess it  truly is knowledgeable i feel like everything   he's always his everything is always talking  about this is like obviously not everything but  
just big picture stuff always has played out he's  always like six months this is how it's gonna be   six months from now this is how it's gonna be  in his opinion and a lot of that stuff plays out   he's in tune with that i'm  an elliot guy the chat says
modern investor elio bitboy it's kind of because  i'm watching the chat and it's kind of you know   everybody's everybody's it's all over the place  guys um the golden upvote award is coming up the  
who you want to do now obviously i encourage  where i'm going to write myself probably and i   encourage everybody to write an altcoin daily but  whoever gives the biggest super chat whenever you  
say it's got to be a person an influencer we'll  write them in hex community this is your shot guys add uh to that to the two super chats we've  received so far first one from game winners 20  
bucks he says have you heard of sagia s-a-j-a  i think it's the next big one great utility   13 redistribution i think it has huge potential  saga and uh ronco says blockchain backer been very  
accurate than most youtubers out there check him  out so he is saying blockchain backer is the guy   to sub subscribe golden upvote will be i will be  typing in altcoin daily or the biggest super chat  
um so you could easily do it for altcoin daily but  i could be convinced anyways best newcomer coin   cider not sure who that is brian jung not sure  who that is wait is brian chung a crypto person  
i'm not sure okay sheldon evans i know who that  is hit network is that a crypto channel that's   bitboys but is that a crypto channel no they're  more like a finance channel that covers crypto  
yeah what the hell new money gang why  don't we just put bit boy on all these   yeah i thought new money game and hit  network were the same thing this is   it's just like who came up with this  list nobody nobody knows that the rhyme  
or reason then blockchain boy is different  from bit boy i mean he's a truly a newcomer   him but he was around he's been around a bit  blockchain boy i feel like he's truly new  
and i know him i voted for blockchain boy just  because he's i don't even i don't know him but   uh he's tackling the tick tock crypto tick tock  so respect respect guys if you are a influencer  
a youtuber watching this right now hey reveal  yourself in the chat reveal yourself in the chat   we'd love to talk because last year when i did  this a lot of people came up to me afterwards   and messaged me hey i was watching hey timothy  schnack is saying rigged what's your response  
to that in what way in what ways oh because of  it i mean okay like best newcomer it's like if   you're putting hit network and new money gang at  first you could say maybe this list is because  
they want to include a bunch of different people  that's why altcoin daily is not in every category   they want to space it out i understand that but  then you put two bit boy centric things which   aren't the main big boy channel on best newcomer  and one of them is not even cryptocentric i mean  
but should they be on the list for blockchain  influencer that's my thing i like hit network   that's me yes okay best nft  influencer crypto stash ken bozak  
travis wright hack crypto and justin williams  is that that's the big boy guy right justin   i think it's safe to assume i got to go with  crypto stash she's been into nfts before it was  
cool i almost did ken bozak but i went with stash  as well good good dude from what i see of him   hey anybody in the chat we're at eight or at  900 likes if we get that above you know 1 200  
it'll be a cheers to you oh so we only have like  three more things to vote on then we'll wrap this   up okay guys the golden upvote is coming up um  i think we're gonna have to write it ourselves   which i think is the plan okay fan awards  total award special recognition this is a  
special recognition award these creators  were the most nominated influencers by   the academy to not actually receive an  official nomination um ken bozak did
yeah but anyway rachel siegel generating awareness  for women in blockchain okay she's like coindesk   or coin telegraph writer right campbell's oh is  she maybe i don't know there's some rachel okay  
okay so crypto beetle for standing up to youtube  when faced with the band something we've all done crypto beetle's a great guy but  does he put out crypto content still
hey he's he's a good guy to talk to and have a  beer with we met him he is a good dude yeah i   like all these people i just question how they  uh how they you know put together this list uh  
and then j chains in the bit squad for exposing  smaller influencers to a larger audience   okay i mean that is a admirable thing i like that   is j chains a big part of that it's usually the  other guys so are you you know give me give me one  
of these options that you like vosk coin for being  the longest continuing mining channel that's true so are we to believe though that j chains and  the bit squad got a bunch of award like a bunch  
of nominations for different categories are  we to believe that they were people think of j   chains i'm a big fan i think my take on this  is adam charles who's the guy running this  
great dude i think he just kind of like gave  a little add-on to his friends that didn't   really get a nom i feel bad for uh going so  hard so i'll vote for jay chains i would go   for crypto beetles but uh jay jane's good dude  the golden upvote bite my glorious golden upvote  
okay any but who else can we put i  think last year we typed in bob lucas   i think this year we're going alt coin daily hex  community you had your shot but we're going oh   let's check before we press enter let's check if  the likes they're not at 1 200 yet we're close  
we're close smash those likes but what the  chat wants to see for the special upvote award   mitch ray write him in ta guy all day j chains  was a tough choice timothy timothy agrees  
oh sebastian says altcoin daily  chris johnson says altcoin daily four i believe there's only like one question left
yeah i'm good with all coin daily people are  saying benjamin ben count too he's a good dude   but influencer of the year altcoin daily army this  is our chance this is our chance to make a name   for ourselves in this in this thing so we're going  to go with altcoin daily um obviously this is a  
tough list i wouldn't be surprised if anybody  from this list won because obviously bitboy   uh speaks for itself that guy's killing it that  guy puts out great content crypto wendy oh great   content and really on the upswing mark moss great  content very professional elio trades so good  
crypto zombie so good and let me offer you this  because i agree with you that the list is quality   i think it's it's super hard to choose from  anybody bitboy he has he's the biggest reach  
you know the largest channel on the interwebs  good dude crypto wendy very uh intimate in the   sense that she'll handle you know q a every day  mark moss very professional elio trades i think   one of the smartest dudes in cryptocurrency and  then crypto zombie obviously he's been absent  
a little bit over the last two months but he's  going back to me to me it comes down to this an   audience i'm asking you guys what it comes down to  for you but to me fate of the universe on the line  
i need the the best most recent concise crypto  news today who am i choosing i'm watching all coin   daily all day every day fate of the universe  on the line that's how i chose hell yeah but  
i would not be surprised if any of those these  people win and obviously it's an honor just to   be nominated it's all fun um it's all fun um oh by  the way guys hopefully you're voting along with us  
takes two seconds linked up in the description  below and with that my friends time to submit   boom and you know they'll be announcing these at  the miami uh decentral nft conference on the 29 on  
the 30th and 1st of december we will be there uh  so hopefully we see you there but either way um we   you know we'll keep the content flowing we do  have interviews dropping for those days that   will be out that we've yet to record but um guys  appreciate every single one of you i want to go  
live more i i always whenever we're live i always  say i want to go live more it's a chill hangout okay anything else we want to talk about  final three minutes uh what's new with  
you man like what do you do besides crypto i  mean crypto's taking up so much time this year   crypto the girlfriend acting filmmaking how's  that going that's my life it's going great  
really good various different a couple different  projects in various stages of development   i was talking about the girlfriend that's what  the people want to know oh that's going great   yeah for sure and michael norris says  love it you guys whoop uh super chats from  
konnini says any plans to cover track recently  partnered with aquila and electronic arts as an   advisor pair a chain shortly we used to cover  track more definitely should put that back on  
my radar might cover that tomorrow tweet that  at us yeah how is benjamin cowan not in best ta   because he's i think this is ta and like fa  kinda i say he's we there should be in best  
fa category and it's like benjamin cowan willy woo  um benjamin cowan is relevant in the space today   unlike some of the people on this list because  benjamin cowan saying lengthening cycles forever
you love the stream hope you acknowledged  this hell yeah papa bear crypto   hey tyler owen says where  can i find info on that event   you can if you complete that survey yeah complete  the survey it's at the very end or go to uh
just called decentral miami decentral con miami  something like that it's the last day of november   first day of december all right let's end it hey  this is awesome guys this is awesome guys uh look  
and yeah appreciate you guys big gain speak