Author: The Daily Hodl
New data from the market intelligence platform Santiment indicates that Ethereum (ETH) may be on the cusp of a breakout. In a new strategy session, the crypto analytics firm says one metric that historically precedes a recovery for the top altcoin is flashing bullish. According to Santiment, Ethereum’s operation fees are currently at a low, which tends to precede a price rebound for the second-largest digital asset by market cap. “From a trading perspective, historically low fees like this will often precede price rebounds, making buys at these levels generally considered to be lower risk than usual. Generally, fee levels…
The CEO and co-founder of the real-world asset (RWA) crypto project Mantra (OM) unveils a plan to bring back community trust following a massive sell-off of the blockchain’s token. On Sunday, the value of the OM token plunged from a high of $6.35 to a low of $0.37, representing a huge drop of 94%. The price meltdown happened after at least 17 wallets transferred 43.6 million OM tokens ($227 million at the time) to crypto exchanges. In posts on the social media platform X, Mantra CEO John Patrick Mullin announces a token support plan that features a buyback and supply…
In a newly updated 2025 Quarter 1 (Q1) report, CoinGecko says Solana (SOL) is outpacing Ethereum (ETH) in several ways. According to their Q1 Crypto Industry Report, CoinGecko says that Ethereum lost all gains from last year, while the rest of the crypto market cap only fell 18.6% in the first few months of 2025. “ETH closed 2025 Q1 at $1,805, representing a -45.3% decrease within the quarter, having fallen from $3,336. It has erased its gains from 2024, returning to levels last seen in 2023. It has severely underperformed majors such as BTC, SOL, XRP, and BNB, all of…
A widely followed analyst says that the crypto markets may be on the verge of an explosive breakout due to one key factor. In a new thread, crypto trader Michaël van de Poppe tells his 783,200 followers on the social media platform X that the cutting of interest rates by central banks to prop up the economy may cause a “banana zone” based on the historical relationship between digital assets and liquidity levels. The banana zone is a term used by crypto analysts to describe a period of rapid and explosive price growth for digital assets. “ECB (European Central Bank)…
The world’s sixth-largest crypto exchange by daily trading volume is now accessible to the American market. In a statement, OKX says that it is accelerating its expansion in the US with the official launch of its centralized exchange and web3 wallet in the country. The move enables existing OKcoin customers to migrate to the OKX platform, though new user registration won’t be available until later this year. The Seychelles-based firm says the measured rollout will help ensure a secure onboarding process for customers. OKX has also set up its headquarters in San Jose, California, and appointed former Barclays Investment Bank…
The Bitcoin (BTC) bottom is in, according to the crypto analytics firm Swissblock. The firm notes on the social media platform X that sometimes the top crypto asset just needs time to consolidate. “For consolidation to continue, Bitcoin may need to revisit the $80,000–$82,000 zone. Rejections at $86,000 have been consistent, and the range is tightening. A step back could be what fuels the next leg higher.” Swissblock also notes that the trade war narrative is already priced into the markets, and indices are starting to bottom. “This weekend, tariff exemptions for tech hit: microchips to cellphones, a lifeline for…
The South Korean crypto exchange Upbit has announced a new listing for a wallet-focused altcoin, triggering explosive price action. According to a new announcement, Upbit is supporting Wallet Connect (WCT) for trading over the Optimism (OP) network on its platform starting Wednesday. The project, launched in 2018, is a Web3 communications open-source protocol that aims to connect crypto wallets to decentralized applications (DApps) through encrypted connections using QR code scanning and deep linking. “Traditionally, connecting wallets to apps on the blockchain required complex steps, which often discouraged new users and created a fragmented ecosystem. WalletConnect simplifies this by offering a…
A top Coinbase researcher says signs of a long-term crypto bear market are starting to emerge. David Duong, the global head of research at Coinbase, says in a new analysis that the 200-day moving average (MA) indicates bearishness for Bitcoin (BTC) and the Coinbase 50 Index (COIN50), which tracks the performance of the 50 largest digital assets by market cap. “As Bitcoin’s role as a ‘store of value’ continues to grow, we think a holistic evaluation of crypto’s aggregate market activity will be needed to better define bull and bear markets for the asset class, particularly as we’re likely to…
Matt Hougan, the chief investment officer (CIO) of crypto asset management firm Bitwise, is highlighting a factor that could be bullish for Bitcoin (BTC). In a new interview on the Unchained podcast, Hougan says demand for Bitcoin outstrips supply and this will drive the crypto king’s price up to around $200,000, a gain of 139% from the current level. “New supply of Bitcoin is 165,000 Bitcoin. Last year exchange-traded funds (ETFs) bought half a million Bitcoin, corporations bought 350,000 Bitcoin… …So there is much more sort of structural demand for Bitcoin than there is new supply. And what that means…
A widely followed crypto analyst says one Solana (SOL) competitor may be gearing up for a breakout. In a new thread, crypto trader Michaël van de Poppe tells his 783,000 followers on the social media platform X that Sei (SEI) may increase more than 100% its current value if it breaks through a key resistance level. “SEI starts to show momentum. The Bitcoin pair has a strong bullish divergence on the higher timeframes and the USD pair faces a crucial resistance. Breaking through $0.20 opens up a continuation towards $0.30-$0.35.” SEI is trading for $0.17 at time of writing, down…