Author: The Daily Hodl

A prominent analytics firm says FOMO (fear of missing out)-driven crypto investors are diving head first into Bitcoin just as crypto traders unload their BTC stacks. Santiment says on the social media platform X that Bitcoin’s rise of close to $90,000 in the last few days has rekindled the optimism of BTC holders. According to the analytics firm, FOMO for BTC is starting to peak as market participants anticipate a potential Bitcoin surge to a six-figure price level. “Bitcoin’s rise has been so rapid that traders are now speculating how quickly we see a $100,000 market value. Though this price…

Bitcoin (BTC) has just undergone one of the “most extended” re-accumulation ranges in its history, according to a popular crypto analyst. In a new YouTube video, the pseudonymous trader known as Rekt Capital tells his 93,400 subscribers that BTC witnessed four weeks of uninterrupted price discovery during its 2021 bull run before enduring its first pullback, compared to eight weeks during the 2017 bull market and around six weeks in 2013. “This is the first price discovery wave [of this cycle]. We’ve seen price discovery waves in the past, but we’ve always seen a price discovery correction after those waves,…

Macro guru Raoul Pal believes that the shares of a US-based crypto firm may have an explosive breakout in the current bull market cycle. In a video posted on Real Vision’s YouTube channel, the former Goldman Sachs executive suggests Coinbase’s stock has the potential to soar 10x. “I think this bull market, the whole space will end up being $10 to $15 trillion, somewhere between that. So how much is Coinbase worth in that? I mean, it would not surprise me if Coinbase was worth $500 billion. It’s insane it’s so cheap, considering the size of the market that’s already…

Crypto asset manager Bitwise has announced the launch of an Aptos (APT) Staking exchange-traded product (ETP) (APTB) on the SIX Swiss Exchange. According to the press release, the ETP will represent the world’s first Aptos Staking ETP, aiming to enable both institutional and retail investors to engage with the Aptos smart contract platform. Says Bitwise CEO and co-founder Hunter Horsley, “For seven years, Bitwise has been a dedicated partner to investors working to understand and access the opportunities in the new crypto asset class. With the launch of Bitcoin and Ethereum spot ETPs in the US, a huge cross-section of…

BitMEX co-founder Arthur Hayes believes that the US is about to go on a massive money printing spree that could send Bitcoin (BTC) soaring to seven figures. In a new essay, Hayes says that incoming president Donald Trump’s administration will launch a massive quantitative easing (QE) and dollar-debasement campaign, which has historically been bullish for crypto as an asset class. According to Hayes, QE is needed to implement “Trump’s America First Plan” that seeks to increase the money supply to make it easier for banks to provide loans to companies that “re-shore critical industries (shipbuilding, semiconductor fabs, auto manufacturing, etc.).”…

A crypto analyst and trader who nailed the 2022 Bitcoin bull market top thinks BTC is rapidly approaching parabolic territory. Pseudonymous analyst Dave the Wave tells his 147,000 followers on the social media platform X that Bitcoin will likely erupt and witness steep rallies once it shatters a key psychological level. “The numbers are getting big, but still technically solid. A run to the top of the channel would see BTC break the psychologically important six-figure barrier. Once that’s broken, a parabolic spike is in the cards.”  With BTC firmly trading above its previous technical resistance at $70,000, Dave the…

Dogecoin (DOGE) is in the middle of an explosive move, running more than 160% in less than a week as one of the main beneficiaries of the bounce in crypto markets. DOGE is up 107% in the last week after adding $30 billion to its market cap in one day. With DOGE gaining momentum, traders and analysts in the space are eyeing the top memecoin’s next move, focusing on the psychological $1 level. Pseudonymous crypto trader Kaleo tells his 656,000 followers on the social media platform X that DOGE is now due for some chop and then a “flush” down,…

Enterprise software firm MicroStrategy is sitting on over 100% gains on its Bitcoin (BTC) holdings as the value of the stash crosses the $24 billion mark. Michael Saylor’s MicroStrategy is currently holding 279,420 BTC worth $24.45 billion, according to Bitcoin Treasuries. Data shows that the firm’s average cost per Bitcoin stands at $42,692, translating to gains of close to 105%. Bitcoin is trading at $87,669 at time of writing, up over 7% in the past day. The new data comes as Saylor, the firm’s co-founder and chairman, announced that MicroStrategy recently added tens of thousands of BTC to its stash.…

The popular crypto analyst PlanB says Bitcoin (BTC) is about to plunge into the steepest part of the S-curve, priming the flagship digital asset to spark massive gains. The pseudonymous trader tells his 2 million followers on the social media platform X that BTC is ready for flight after an exchange-traded fund (ETF) fakeout earlier this year. “Bitcoin is entering the vertical part of the S-curve (and S2F-curve) … probably nothing.” In crypto, an S-curve is used to track the adoption and growth of a digital asset project over time. PlanB suggests that the increasing adoption of BTC via Bitcoin…

An Ethereum (ETH) initial coin offering (ICO) participant woke up this weekend after nearly three years of dormancy, according to the crypto tracker Lookonchain. Lookonchain notes the ICO participant deposited 1,555 ETH worth $4.86 million into the crypto exchange Coinbase on Sunday. The unknown address received 6,292 ETH during the 2014 ICO, costing $1,951 in total. Lookonchain says that same total is now worth more than $20.15 million, a staggering 1,032,703% increase. It’s not the only notable wallet to move its ETH recently. Lookonchain also notes that a giant whale that at one point held 398,891 ETH worth $1.28 billion…