Author: The Daily Hodl

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…

Crypto asset manager and research firm CoinShares says US tariffs were the likely cause of an outflow of hundreds of millions of dollars last week from digital asset investment products. In its latest Digital Asset Fund Flows Weekly Report, CoinShares notes crypto products witnessed a $240 million outflow as US President Donald Trump announced steep tariffs against countries around the world. However, CoinShares says the outflows were “minor,” especially when compared to other asset classes. “Despite this [outflow], total assets under management remained remarkably stable at $132.6 billion, marking a 0.8% increase over the week. This resilience is especially notable…

Data from blockchain intelligence firm Lookonchain suggests that crypto wallets associated with President Donald Trump-backed decentralized finance (DeFi) platform World Liberty Financial (WLFI) are selling Ethereum (ETH) at a loss. Citing data from Arkham, Lookonchain says its 581,400 followers on the social media platform X that it appears WLFI has begun selling part of its nine-figure ETH stash at a loss. Arkham’s data notes that the wallet in question is not 100% confirmed to be controlled by WLFI. “Has Trump’s World Liberty started selling ETH at a loss? According to Arkham, a wallet possibly linked to World Liberty sold 5,471…

Widely followed on-chain analyst PlanB says that Bitcoin’s (BTC) current correction is part and parcel of regular bull market conditions. The pseudonymous analyst tells his 2.1 million followers on the social media platform X that the indicators he watches are still signaling bullishness for the flagship crypto asset. Says PlanB, “Even with today’s low bitcoin prices my on-chain indicators still signal bull market. So in my opinion this is a normal bull market dip and not a transition from bull phase to distribution phase (and then bear phase).” PlanB’s color-coded dot chart indicates the number of months until each halving…

The crypto investment giant Galaxy Digital plans to list on the Nasdaq next month. The U.S. Securities and Exchange Commission (SEC) has green lit the firm’s registration statement relating to its reorganization and domestication from the Cayman Islands to Delaware, per a new press release. Galaxy has scheduled a shareholder meeting for May 9th to approve the reorganization. Pending approval, Class A common stock of Galaxy Digital Inc., a new Delaware holding company, will list on the Nasdaq under the ticker symbol GLXY. The reorganization materialized shortly after the firm closed out legal troubles with American regulators: Last month, Galaxy…

BitMEX co-founder Arthur Hayes believes one catalyst could help send Bitcoin (BTC) to new all-time highs amid US President Donald Trump’s tariff trade war. Hayes tells his 674,800 followers on the social media platform X that the weakening of China’s yuan due to central bank money printing may cause investors to move their wealth into Bitcoin as a hedge, similar to what occurred in 2013 and 2015. “If not the Fed, then the PBOC (People’s Bank of China) will give us the yachtzee ingredients. CNY (Chinese yuan) devalue equals narrative that Chinese capital flight will flow into BTC. It worked…