Author: The Daily Hodl
New data from market intelligence firm Santiment reveals one altcoin that has seen massive gains this year is rife with whale activity. In a new thread on the social media platform X, Santiment says that among altcoins with at least a $500 million market cap, tokenized artificial intelligence (AI) project Virtuals (VIRTUAL) – an asset that’s up a staggering 20,000% year-to-date – is one of the leaders in terms of whale activity. Santiment also says high-net-worth investors are making moves to accumulate 10 digital assets including VIRTUAL during the latest crypto market crash. “Despite sizable crypto corrections this week, several…
Pomp Investments founder Anthony Pompliano remains long-term bullish on Bitcoin (BTC) despite the flagship crypto asset falling below the $100,000 psychological price level. Pompliano says in a FOX 5 interview that “2025 will continue to be a great year for Bitcoin.” According to the investor, two factors are likely to drive the price of Bitcoin to greater heights. “One, you’re going to continue to get printing of money both in the United States and globally. And then two is you have a Federal Reserve that is cutting interest rates. And as that M2 money supply grows and interest rates go…
Billionaire Warren Buffett just poured more than half a billion dollars into three assets. After dumping huge positions in Apple and Bank of America and hoarding $325 billion in cash, new SEC filings show the Berkshire Hathaway chairman and CEO has bought $405 million of Occidental Petroleum (OXY). Occidental Petroleum is a global energy company involved in oil and gas exploration and production, with further ventures in chemicals and low-carbon initiatives. OXY is down 21% since the start of the 2024, dropping from $60.05 to $47.13 at time of publishing. Meanwhile, Buffett has also purchased $113 million in Sirius XM Holdings…
New data from a crypto insights platform reveals that Bitcoin (BTC) exchange-traded funds (ETFs) saw the largest net outflows in one day since they launched in January. In a new thread on the social media platform X, market intelligence firm Spot On Chain says that Bitcoin ETFs witnessed hundreds of millions of dollars worth of outflows on December 19th as the price of the crypto king dipped below the $100,000 mark. According to Spot On Chain, the ETF that led the way in terms of overall outflows was Fidelity’s FBTC while BlackRock’s IBIT ETF remained sideways. December 19th also marked…
Veteran trader Peter Brandt is warning that a bearish signal is flashing for Bitcoin, indicating that BTC might head to much lower prices. Brandt tells his 763,600 followers on the social media platform X that Bitcoin may be forming a bearish reversal pattern on the daily chart that could lead to a dip into the $70,000 range. “Hey trolls, this is not a prediction. Just always pointing out possibilities, not probabilities, not certainties. No screenshot is necessary. BTC right-angled broadening triangle could project back into the $70,000s and a test of the parabolic modality.” Looking at the trader’s chart, he…
A widely followed crypto analyst is issuing a new warning about the digital asset market during the final days of the year. The pseudonymous analyst known as Altcoin Sherpa tells his 234,800 followers on the social media platform X that the crypto market may experience wild price swings to close out December. However, the analyst predicts markets may rally in January based on historical precedence. “We probably get one-plus more flushes before the year’s end, but keep your eye on the prize and manage yourself through the volatility. January is historically a great month for crypto. In my opinion, sell…
Macro investor and fund manager Dan Tapiero says that Bitcoin (BTC) reaching $200,000 in 2025 is viable. In a new thread, Tapiero tells his 123,500 followers on the social media platform X that once the US government tightens up fiscal policy, the top crypto asset by market cap will skyrocket. According to Tapiero, the Federal Reserve is too focused on inflation, and interest rates in the US are still too high. “Danger in China. Do people understand? The second-largest economy in [the] world DEFLATING now. Fed concerns on inflation wrong. Interest rates [are] still too high in [the] US and…
A momentum indicator recently flipped bullish for XRP, Solana (SOL) and two other altcoins, according to a popular crypto analyst. Ali Martinez tells his 101,300 followers on the social media platform X that the Tom DeMark (TD) Sequential Indicator presented buy signals on the four-hour charts for XRP, SOL, Maker (MKR) and World Network (WLD). Traders use the TD Sequential Indicator to predict potential trend reversals for tokens based on the closing prices of their 13 previous bars or candles. XRP is trading at $2.28 at time of writing. The 4th-ranked crypto asset by market cap is down nearly 4%…
The native token of a decentralized fiat stablecoin-issuing platform is rallying against the dipping crypto markets. Two days ago, the world’s largest crypto exchange by trading volume, Binance, added support for Usual Protocol (USUAL). “Binance is excited to announce that Usual (USUAL) will be added to Binance Simple Earn, Buy Crypto, Binance Convert, Binance Margin, Binance Auto-Invest, and Binance Futures at the respective dates and timings listed below.” According to a post on the social media platform X from Usual in response to the Binance listing, the team says the protocol aims to usher in a “stablecoin renaissance”. “90% for the…
Bitcoin (BTC) mining company MARA says it acquired 15,574 BTC for $1.53 billion after raising $1.925 billion from its zero-coupon convertible notes offerings in November and December. In a post on social media platform X, MARA says it now holds 44,394 BTC following its recent purchase of the flagship crypto asset. The Florida-based firm’s BTC holding is currently worth $4.3 billion based on Bitcoin’s price of $97,377. “MARA has acquired 15,574 BTC for ~$1.53 billion at ~$98,529 per Bitcoin and repurchased ~$263 million in aggregate principal amount of its existing convertible notes due 2026, and expects to use the remaining…