Author: The Daily Hodl
The creator of the smart contract platform Cardano (ADA) says that crypto assets will benefit from Donald Trump’s tariff war. In a new interview on CNBC Squawk Box, crypto veteran Charles Hoskinson says that Trump’s trade war will ultimately lead to a massive six-figure price tag for Bitcoin (BTC). According to Hoskinson, Trump’s tariffs will deglobalize the world economically, pushing people toward digital assets as a means of globalization. “What ends up happening is crypto benefits in the long term. Geopolitically, what’s happening is we’re moving from a rules-based international order to a powers conflict. We spent our entire adult…
Bitcoin (BTC) may have a severe correction if one major support level fails to hold up, according to digital asset analytics firm Glassnode. Glassnode says that short-term holders – or those who acquired their coins in the past 155 days – may sell off if Bitcoin falls below $72,000 based on the realized price metric, sending the flagship crypto asset much lower. The realized price metric is the average price of Bitcoin in circulation calculated based on the price at which they were last moved. “Short-term holder realized price sits at $93,000, with ±1 sigma bands at $131,000 and $72,000.…
The official corporate arm of the Dogecoin Foundation is partnering with one of the world’s leading producers of crypto exchange-traded products (ETPs) on a new Dogecoin (DOGE) product. In a new press release, 21Shares and House of Doge are announcing their new partnership to launch DOGE ETPs globally. Says Jens Wiechers, Advisory Board Member at House of Doge and Co-Executive Director of the Dogecoin Foundation, of the new partnership, “This partnership marks a very large step forward for the Dogecoin vision. Dogecoin was created to be a fun, accessible form of peer-to-peer money, and over the years, it has demonstrated…
The US-based crypto exchange Kraken and the global financial services giant Mastercard are joining forces to drive the widespread use of crypto payment services in the UK and Europe. In a new press release, Kraken says the partnership will enable its millions of customers in the region to use their crypto assets when paying for goods and services at more than 150 million merchants worldwide that accept Mastercard. Says Kraken co-CEO David Ripley, “Our customers want to be able to easily pay for real goods and services with their cryptocurrencies or stablecoins. Our partnership with Mastercard is a major step…
BitMEX founder Arthur Hayes believes Ethereum (ETH) is likely to outperform Solana (SOL) over the next leg of the cycle. In a new interview on the Unchained podcast, Hayes says Ethereum has a higher risk-reward ratio compared to Solana going forward. “If you have a fresh unit of fiat of capital, what do you do with it? Do you buy Solana or do you buy ETH right now given all the things that are happening? And so I would say ETH from a risk-reward perspective is better… …whenever you have a turn in the cycle, you want to own the…
Bitwise chief investment officer Matt Hougan is still bullish on Bitcoin (BTC) despite the tariff-induced fragility across global markets. Hougan says in a new interview with Scott Melker that BTC is the “canary in the coal mine” and has been leading the market for the past 4-5 months. “It’s the first thing that people push the button on, and even then it didn’t sell down past the previous all-time highs, so I consider it a huge win. And I think the net effect of the tariff tantrum is we’re going to see weaker fiat currencies around the world, which is…
Cryptocurrency trader and analyst Ali Martinez is leaning bullish on a memecoin built in the Solana (SOL) ecosystem while offering his forecast for Ethereum (ETH) and Chainlink (LINK). Martinez tells his 134,800 followers on the social media platform X that the Official Trump (TRUMP) memecoin could be preparing for a bullish reversal based on the Tom DeMark (TD) Sequential indicator signals on the weekly time frame. The TD Sequential indicator is used to identify potential trend reversal points in technical analysis. According to the analyst, TRUMP could rally by around 138% from the current level and hit a price target…
The Trump family-adjacent decentralized finance (DeFi) project World Liberty Financial (WLFI) has proposed a stablecoin airdrop. Last month, the DeFi project announced plans to launch a new stablecoin called USD1, which it says is pegged to the US dollar and backed by short-term government treasuries, dollar deposits and cash equivalents. Now, World Liberty wants to test its on-chain airdrop feature by distributing a small amount of USD1 to all current WLFI token holders. In a new proposal, the project says the final exact amount will be based “on total eligible wallets and budget.” Explains World Liberty, “Testing the airdrop mechanism…
A widely followed crypto analyst is identifying where Bitcoin (BTC) may find a bottom amid market turmoil caused by US President Donald Trump’s tariffs. Crypto strategist Rekt Capital tells his 542,6000 followers on the social media platform X that the Relative Strength Index (RSI) – a technical indicator that signals when an asset’s momentum is due to reverse course – suggests Bitcoin may hold $70,000 as support. Says Rekt, “Whenever Bitcoin’s Daily RSI crashed into the sub-28 RSI levels that wouldn’t necessarily mark out the price bottom. In fact, historically, the actual price bottom would be -0.32% to -8.44% lower…
An analyst who accurately called the start of Solana’s (SOL) correction this year is flipping bullish on the native asset of the layer-1 protocol. Pseudonymous analyst Bluntz tells his 317,700 followers on the social media platform X that he believes the Ethereum (ETH) challenger looks ripe for a significant bounce after losing about 64% of its value from its all-time high of $293, which it hit in January of this year. According to Bluntz, SOL is flashing a bullish divergence on the daily chart, a reversal signal suggesting that buying momentum is on the up and up even though an…