Author: The Daily Hodl

Bitcoin (BTC) could hit a six-figure price over the coming months, according to a cryptocurrency analyst and trader. The analyst pseudonymously known as Credible Crypto tells his 55,800 YouTube subscribers that the Bitcoin cycle top could come in at between 55% and 365% from the current level. As price action develops, I will talk about signs that you can look forward to help identify where this [cycle] top maybe be put in. Again, it’s a big range. It can happen anywhere above, in my opinion, at $100,000 to $300,000. Realistically, I’ve previously said around $150,000 ballpark but there’s a big…

Former President Donald Trump says one of Bitcoin’s biggest critics is warming up to the crypto industry. In a newly-released interview transcript from Bloomberg, Trump says JPMorgan Chase CEO Jamie Dimon’s notoriously negative views on crypto are evolving. “You ask Jamie Dimon, Jamie Dimon was, you know, very negative and now all of a sudden he’s changed his tune a little bit.” Trump gave the answer while addressing his own views on crypto, which have changed dramatically in recent months. The former President, who once called Bitcoin a scam based on thin air, now says he’ll protect the industry’s presence…

A top crypto strategist believes that memecoin dogwifhat (WIF) is now poised to witness an increase of more than 350%. Earlier this month, pseudonymous analyst Bluntz told his 265,200 followers that WIF was in the early stages of a fresh five-wave surge. The analyst relies on the Elliott Wave theory, which states that a bullish asset tends to go through a five-wave rally after completing an ABC corrective move. With WIF now trading at $2.21, Bluntz believes that WIF’s ABC correction is over and the memecoin is ready to ignite a massive upside move. “$10 WIF is coded by law.…

New data reveals that daily inflows into spot market Bitcoin (BTC) exchange-traded funds (ETFs) have hit a six-week high. According to data from crypto research platform SoSo Value, on July 16th, BTC ETFs saw over $422 million worth of inflows, the overwhelming majority of them coming from BlackRock’s IBIT ETF, which had a staggering $260.2 million. Other ETFs that saw significant inflows include Fidelity’s FBTC, ARK Invest’s ARKB, VanEck’s HODL and Invesco’s BTCO, which saw $61 million, $29 million, $22 million, and $20.5 million each, respectively. Last month, it was reported that inflows into Bitcoin from ETFs had their second-best…

A widely followed crypto trader and analyst is warning that one top-100 altcoin could suddenly collapse and lose all of its value. In a new strategy session, pseudonymous crypto analyst Altcoin Sherpa tells his 217,900 followers on the social media platform X that Sam Altman’s “proof-of-person” project Worldcoin (WLD) is at risk of sinking to $0. “WLD is going to dump to $0 eventually but not sure when that happens. This will be an excellent short though and probably one of the best ways to hedge your exposure.” The analyst refers to another social media user’s post warning about the…

The CEO of trading giant Robinhood reportedly believes that tokenization is the future of financial services. In a new Fortune report, Robinhood head Vlad Tenev says that the “next transition” for financial services is tokenization. “You don’t have to squint too hard to imagine a world where stocks are on blockchains.” According to Fortune, several big name financial giants are already exploring tokenization, when assets like dollars and stocks are issued on blockchains, including BlackRock and Goldman Sachs. Tenev believes tokenization has the potential to cut out costly intermediaries for financial actions like trade settlements. Tenev also talks about Robinhood’s…

Artificial intelligence (AI)-based privacy project Worldcoin (WLD) is seeing a huge jump in price after the lock-up period for investors extends. In a new blog post, the developers behind the altcoin say that early investors and team members will have to wait two years longer to have their locked tokens allocated to them. “Starting July 24, 2024, the WLD tokens allocated to the investors and team members of Tools for Humanity (TFH), early contributors to the Worldcoin project, are scheduled to begin unlocking daily in a linear fashion. This week, TFH informed the Worldcoin Foundation that – in a move…

A closely followed crypto analyst says that Bitcoin (BTC) is going to have a great second half of the year. In a new strategy session, crypto trader Michaël van de Poppe tells his 722,400 followers on the social media platform X that the crypto king should finish 2024 with strength as inflows from exchange-traded funds (ETFs) begin to pick up pace. “Bitcoin aims to continue moving upwards. The highest amount of net inflow from the ETF was established (more than $400 million) in the last month. Gold making a new ATH (all-time high). It’s going to be a great second…

Three Ethereum (ETH)-based altcoin projects are seeing a massive increase in network activity, according to blockchain analytics platform Santiment. Santiment says that the address activity is on the rise for Render (RNDR), the graphics processing unit (GPU) rendering blockchain, Aave (AAVE), a money market protocol, and decentralized finance (DeFi) protocol Maker (MKR). “Render, Aave and Maker are the three most notable altcoins seeing address activity rises the past couple of days amongst the many market cap rises. Historically, rising levels of wallets interacting on networks is a sign of future bullish behavior.” Render is trading for $6.39 at time of…

The co-founder and CEO of giant asset manager BlackRock, Larry Fink, is saying that there is a “role for Bitcoin” in today’s investment portfolios. Fink says in a new interview on CNBC that even though he was once a “proud skeptic” of Bitcoin (BTC), he now believes that the flagship crypto asset is worthy of being invested in. “My opinion five years ago was wrong. Here’s my opinion… I believe Bitcoin is legitimate. I’m not trying to say there’s not been misuses, like everything else. But it is a legitimate financial instrument that allows you to have maybe uncorrelated, non-correlated…