Author: The Daily Hodl

A closely followed crypto analyst thinks market participants will seek shelter in a group of altcoins following last week’s marketwide dip. Pseudonymous analyst Altcoin Psycho tells his 501,200 followers on the social media platform X that he sees investors rotating funds into crypto assets with at least $1 billion market caps. According to the analyst, the market meltdown in the past few days is making investors think twice about accumulating speculative altcoins. “In my opinion, this wipeout results in a flight to quality from here for altcoins. Once the market can sustain a bid, we’ll likely see mid/high-cap alts run…

The CEO of Singapore-based digital asset exchange Crypto.com is saying Bitcoin’s (BTC) bull market cycle is just getting started. In a new interview with Bloomberg, Kris Marszalek says he expects the upcoming halving event, when miners’ rewards are cut in half, to be a positive development for Bitcoin within a six-month time frame. However, he warns there may be some Bitcoin selling in the near term. “I would say [the halving event] just improves the overall situation because you’ve got less Bitcoin coming into the market that is being sold by the miners and you’re just cutting this in half.…

A widely followed crypto analyst believes Bitcoin may be repeating a 2019 market structure that saw BTC consolidating for many months before launching a parabolic surge. In a new video update, crypto strategist Jason Pizzino tells his 323,000 YouTube subscribers that Bitcoin’s run to new all-time highs is reminiscent of its 2019 price action, when Bitcoin rose by about 4X before taking a breather for six months. According to Pizzino, Bitcoin’s big move from about $25,000 to $74,000 in a few months is comparable to the 2019 fakeout rally, suggesting that BTC may witness a multi-month consolidation before the next…

Newly created Bitcoin whales reportedly hold a record amount of BTC to the point of controlling 9% of the total supply of coins. Ki Young Ju, CEO of blockchain analytics firm CryptoQuant, shares data showing that short-term holder Bitcoin whales have become one of the primary cohorts of entities. Short-term holders are defined as those who have been holding their coins for less than 155 days. “New Bitcoin whales now hold 9% of the circulating supply, totaling 1.8 million BTC, including spot ETFs.” The CEO also says that despite a lull in demand for Bitcoin exchange-traded funds (ETFs), the accumulation…

Ethereum (ETH) founder Vitalik Buterin says that on-chain privacy should be accepted as normal following his transaction with the Railgun protocol. First reported by crypto reporter Colin Wu, Arkham Intelligence data shows that Buterin recently transferred 100 ETH using the privacy protocol. “Vitalik Buterin (vitalik.eth) transferred 100 ETH (approximately $325,000) to Railgun at 17:40 UTC+8 today. Railgun is an EVM privacy protocol that enables DeFi private transactions. Over the past six months, Vitalik Buterin has been interacting with the Railgun using small amounts of ETH basically every month.” Responding directly to Wu’s post, Buterin said, “Privacy is normal. Railgun uses the…

Crypto investors in Germany, Austria and Switzerland are devoting large portions of their overall portfolios to digital assets, according to a new study conducted by Big Four accounting firm KPMG. KPMG partnered with the German-language crypto media platform BTC-ECHO to poll 2,400 private digital asset investors across those three European countries, which are collectively known as the DACH region. The study says that, on average, the respondents have allocated more than 25% of total assets to crypto. More than half (54%) say they’ve invested at least 20% of their total assets into crypto. Additionally, 34% of the investors say they…

A widely followed crypto analyst and trader is unveiling a list of crypto assets he is holding after last week’s altcoin meltdown. The trader pseudonymously known as The Flow Horse tells his 211,400 followers on the social media platform X that his crypto portfolio currently consists of Bitcoin (BTC), Solana (SOL), Ethereum (ETH), dogwifhat (WIF) along with a variety of crypto assets in the artificial intelligence (AI) and the tokenization of real-world assets (RWAs) sub-sectors. According to the pseudonymous trader, he snapped up more Solana than Ethereum during the most recent dip as SOL has been significantly outperforming the top…

Tether (USDT) will soon roll out a fully non-custodial tokenization platform to the public, according to Paolo Ardoino, the stablecoin issuer’s chief executive. Ardoino calls the upcoming platform “a masterpiece.” “Fully non-custodial. Multi-chain. Multi-asset type. Super customizable. Tokenize anything from any bonds, stocks or funds to coffee shop reward points. A white label of our tech that supports USDT, a $107+ billion asset.” The Tether CEO also notes that the tokenization platform will support the Bitcoin (BTC) layer-2 projects RGB and The Liquid Network. “The team building the tokenization platform is actually working on making it available immediately on RGB…

A closely followed crypto analyst and trader is turning bullish on the native asset of a layer-1 blockchain. Pseudonymous analyst Loma tells his 303,500 followers on the social media platform X that BNB, the native asset of the BNB Chain, is displaying strength from both the technical and fundamental viewpoints. “I think [BNB] is a live dark horse for majors. Structurally looks good in both USD and BTC pairing. Negative funding since it’s typically hedged against spot holdings for fee reductions by larger whales. Free of SEC (U.S. Securities and Exchange Commission) persecution in the short/mid-term. I have a bag.”…

A widely followed on-chain analyst thinks that Bitcoin (BTC) bears are about to get wiped out following last week’s crypto correction. Analyst Willy Woo tells his 1.1 million followers on the social media platform X that the most recent Bitcoin retracement to $60,000 flushed out leveraged longs. Woo says he doesn’t see Bitcoin going down in a straight line as he believes that BTC bulls will defend the “formidable” short-term holder (STH) at $59,000. According to the analyst, the odds are higher that BTC will bounce and liquidate traders who shorted at around $70,000. “We flushed out long leverage down…