Author: The Daily Hodl

Popular crypto analyst Benjamin Cowen believes Bitcoin (BTC) could outperform altcoins for the rest of 2024. Cowen tells his 884,400 followers on the social media platform X that the alts could decline further against the flagship crypto asset as Bitcoin’s dominance level (BTC.D) hovers around 60%. BTC.D is the ratio between the market cap of BTC versus the market cap of all crypto assets combined. At the of writing, BTC.D is at 61%. He also says that the TOTAL3 chart appears to be on the verge of declining on the weekly timeframe against Bitcoin (TOTAL3/BTC), similar to what occurred in…

A closely followed crypto strategist believes that top memecoin Dogecoin (DOGE) is poised to spark massive rallies, en route to astronomical fresh all-time high levels. Analyst Ali Martinez tells his 80,000 followers on the social media platform X that DOGE appears to be trading in a large ascending channel on the weekly chart. An ascending channel is typically seen as a bullish structure as it suggests that an asset is printing higher highs and higher lows. According to Martinez, Dogecoin looks to be gearing up for fireworks after respecting the diagonal support of the channel. “A test of the middle…

Asset management titan BlackRock is announcing the expansion of its proprietary BUIDL, the company’s on-chain money market fund, across five new blockchains. According to an announcement by real-world asset tokenizing firm Securitize, BlackRock’s brokerage partner, BUIDL will be expanding to layer-1 blockchains Aptos (APT) and Avalanche (AVAX) as well as layer-2 scaling solutions Arbitrum (ARB), Optimism (OP), and Polygon (POL). As stated by Securitize chief executive and co-founder Carlos Domingo, “We wanted to develop an ecosystem that was thoughtfully designed to be digital and take advantage of the advantages of tokenization. Real-world asset tokenization is scaling, and we’re excited to…

Widely followed analyst Benjamin Cowen is issuing a warning on Cardano (ADA) as the Ethereum (ETH) rival rallies. In a new video, Cowen tells his 822,000 YouTube subscribers that ADA could suddenly turn bearish against Bitcoin (ADA/BTC) on the weekly timeframe, similar to what happened in December 2020. “It’s probably not going to matter in a year, but there is still a chance that [ADA] gets one more flush on its Bitcoin pair. But if it does get one more flush on its Bitcoin pair, I would say that that’s probably the last one for the cycle, is what my…

Retail trading giant Robinhood is announcing the addition of new crypto assets to its burgeoning suite of products. In a new press release, Robinhood says its adding smart contract platforms Solana (SOL) and Cardano (ADA), memecoin Pepe (PEPE), and XRP. These four tokens will join other popular cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Chainlink (LINK), Avalanche (AVAX), and Aaave (AAVE). As stated by Johann Kerbrat, vice president and general manager of Robinhood Crypto, “We’ve consistently heard from our customers that they want access to more digital assets, and we’re excited to continue expanding our crypto offering. With lower…

Bitcoin (BTC) has soared past the $93,000 mark for the first time in its history on Wednesday, liquidating traders for more than $700 million in the process. According to crypto exchange data aggregator Coinglass, in the last 24 hours, $711,340,000 worth of positions have been liquidated, with short positions on BTC accounting for the largest losses. Binance, the largest exchange in the world, has seen the most liquidations, followed by OKX and Bybit. After reaching a high of around $93,400, Bitcoin has since corrected and is currently trading for $92,462 at time of writing, up 5.5% in the last 24…

Asset management and exchange-traded fund (ETF) issuer VanEck has launched a new institutional product based on layer-1 blockchain Sui (SUI). In a press release, VanEck says it’s expanding its offerings with a new exchange-traded note (ETN) that allows investors to participate in the development of SUI without having to directly hold the token. The new product will trade on the Euronext Amsterdam and Euronext Paris stock exchanges starting Wednesday morning. Says Menno Martens, Crypto Product Manager at VanEck Europe, “In our view, this network has strong growth potential, because its consistently low transaction costs make it a real alternative to…

A crypto-friendly Trump Administration could pressure China into easing up on its digital asset hostility, according to the executive at a prominent Web3 firm. Hashkey Group chief executive Xiao Feng says in a new interview with the South China Morning Post that he “firmly” believes the mainland China crypto market will open up eventually, particularly if incoming US president Donald Trump and the Republican Congress support digital assets. “If the US Congress and the president make crypto policies clear, constantly legislate and promote the industry, it would certainly be a driving force for China to accept [crypto].”  HashKey Group is…

Rich Dad Poor Dad author Robert Kiyosaki says he plans to continue accumulating Bitcoin (BTC) until it crosses $100,000. BTC is trading at $87,939 at time of writing. The top-ranked crypto asset by market cap set a new all-time high of more than $89,800 on Monday but is down more than 1.3% in the past 24 hours. On the social media platform X, Kiyosaki says the $100,000 price point is a good place to stop accumulating because it is “not a time to get greedy.” “Always remember….hogs get fat…pigs get slaughtered. Don’t be a pig.” However, Kiyosaki also recently noted…

The chief investment officer of the Maelstrom Fund family office and BitMEX co-founder Arthur Hayes is saying that artificial intelligence (AI) agents and crypto assets are a natural fit. In a Bankless interview, Hayes says that AI memecoins are a “completely new life force” that is entering the cryptocurrency industry. “I think that AI agents will be able to fill all anti-money laundering and know-your-customer forms, so they’re all digitized anyway, right? They can fake an image, they can deepfake s**t, they’ll have big accounts for sure. But again I think … to like [engage in] commerce that’s frictionless, that’s…