Author: The Daily Hodl
Top US-based crypto exchange by trading volume Coinbase has joined forces with digital financial services giant PayPal to advance crypto adoption and usability. According to a new press release, the collaboration centers on PayPal’s stablecoin, PYUSD, and how Coinbase users will experience zero fees when purchasing or converting PYUSD on the platform. By waiving fees, Coinbase seeks to boost accessibility to PayPal’s stablecoin, thereby streamlining its integration into the broader crypto ecosystem. Says Alex Chriss, President and CEO of PayPal, “For years, we’ve worked with Coinbase to enable a best-in-class integration to provide a simple, familiar way for PayPal users to…
The self-custody Bitcoin (BTC) wallet built by Jack Dorsey’s fintech firm is shipping new features soon. Dorsey took to the social media platform X to tease upcoming features for Block’s Bitkey wallet, including “transaction verification, fingerprint reset, private wallet balances [and] private purchasing.” Dorsey also linked to a new blog post from Max Guise, Bitkey’s lead developer. Guise says a transaction-verification software feature will roll out by mid-year. “We’re also evaluating ways to provide even stronger transaction verification with hardware, and an optional cold wallet configuration for customers who don’t mind putting in a little more effort for more security.…
Bloomberg commodity strategist Mike McGlone says Bitcoin (BTC) outperforming the S&P 500 year-to-date was a success for the crypto king. In a new thread, McGlone tells his 68,800 followers on the social media platform X that the top crypto asset by market cap is surging vs stocks, which themselves could see further drawdowns if the market enters a recession. “Recovering to unchanged in 2025 as of April 23 was an accomplishment for Bitcoin vs. the S&P 500’s almost 10% decline. Yet what some see as the fastest horse in the race may face deflation. Bloomberg Intelligence’s and Economics’ outlook is…
The chair of the brokerage company Cantor Fitzgerald is reportedly creating a consortium with SoftBank, Tether and Bitfinex to take advantage of the booming crypto industry under US President Donald Trump. Citing people familiar with the matter, the Financial Times reports that Brandon Lutnick, son of US Commerce Secretary Howard Lutnick, is joining hands with the three firms to create a multibillion-dollar Bitcoin (BTC) acquisition vehicle that aims to replicate the success of MicroStrategy, the largest corporate holder of the flagship cryptocurrency. In January, the special purpose acquisition company called Cantor Equity Partners raised $200 million, which will be used…
Donald Trump’s official memecoin (TRUMP) is skyrocketing after the President offered to have dinner with its top holders. In a new announcement, the top 220 TRUMP holders are invited to a Gala dinner event with the President on May 22nd at his private national golf club in Washington, D.C. “The Top 220 TRUMP owners will be joining President Trump for a Gala dinner. Our leaderboard updates hourly in real time. Your TRUMP coin count puts you in the running. The competition is fierce.” News of the special dinner event sent TRUMP flying, as the digital asset went from a low…
Prominent crypto analytics firm Swissblock says Bitcoin (BTC) may first pull back before heading higher after reclaiming the $90,000 range. Swissblock says on the social media platform X that Bitcoin may correct to as low as $89,000 after running up against strong resistance in the mid-$90,000s. “The $94,000-$95,000 zone is clearly the resistance to beat. A pullback to gain momentum seems like the next logical move, but how far? The $89,000-$90,000 zone could be next to test bulls, but with BTC’s structure strength, these dips are for buying.” According to Swissblock’s chart, Bitcoin needs to hold support at $83,000 to…
Analyst and trader Kevin Svenson is leaning bullish on Bitcoin (BTC) amid a rally of over 10% by the crypto king since the 2025 low reached earlier this month. In a new strategy session, Svenson tells his 82,800 YouTube subscribers that Bitcoin is looking bullish after the Relative Strength Index (RSI) indicator broke out of a downtrend on the crypto king’s weekly time frame. The RSI is a momentum oscillator used to determine oversold and overbought conditions. “Bitcoin has now seen yet another weekly RSI breakout. This is one of the most bullish signals that we’ve seen over the past,…
A widely followed crypto analyst believes that Bitcoin’s (BTC) latest breakout is the start of a larger uptrend that will lead to new all-time highs. In a thread, crypto trader Michaël van de Poppe tells his 784,400 followers on the social media platform X that Bitcoin will likely consolidate for a while in the $90,000 range before continuing higher. “Solid upwards trend, break $87,000 and we’ll test $92,000-$94,000 for Bitcoin. That’s what we’re seeing right now. This is the area for a short-term top and some consolidation (between $93,500-$95,250). Great signs on the board. It’s very likely that we’ll start…
Real Vision’s chief crypto analyst Jamie Coutts believes one catalyst could catapult Bitcoin (BTC) to nearly double its price in months. Coutts says the total global liquidity has reached a new all-time high level of just under $140 trillion after a decades-long period of contraction. According to Coutts, global liquidity is what has “historically fueled explosive asset price rallies.” Real Vision’s chief crypto analyst says the total global liquidity is set to continue climbing and this could trigger an increase of around 98% in the price of Bitcoin. “With central banks clearly behind the curve, we could see global liquidity…
A crypto strategist who nailed Bitcoin’s 2021 market meltdown believes BTC remains on track to print new all-time highs this year. Pseudonymous analyst Dave the Wave tells his 150,500 followers on the social media platform X that Bitcoin may soar to more than $200,000 by the end of the year based on his logarithmic growth curve (LGC). Dave the Wave shares a chart that shows BTC has been out of the “buy zone” of his LGC since it was last trading around $40,000. The LGC aims to forecast Bitcoin’s market cycle highs and lows while filtering out short-term volatility. “Chart…